Ryde Signs MOU With OneT Solutions to Strengthen Cybersecurity and DevSecOps Capabilities
Rhea-AI Summary
Ryde (NYSE American: RYDE) has signed a non-binding Memorandum of Understanding with OneT Solutions, a Singapore-based cybersecurity and DevSecOps provider, to explore collaboration aimed at strengthening Ryde’s cybersecurity, DevSecOps and overall technology resilience.
The MOU sets a framework for discussions covering application security, DevSecOps, vulnerability assessment and penetration testing (VAPT), managed detection and response (MDR), security operations and related initiatives supporting Ryde’s mobility and quick commerce platform and regional expansion plans. Detailed scope, implementation and commercial terms will be negotiated separately through Statements of Work or other written agreements.
Ryde and OneT may also explore broader strategic cooperation, including potential investment or merger and acquisition opportunities. According to Ryde, no agreement has been reached and there is no assurance that any such transaction will be agreed or completed.
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News Market Reaction – RYDE
In the Aug 12 session, RYDE gained 0.43%, reflecting a mild positive market reaction. Argus tracked a peak move of +25.7% during that session. Argus tracked a trough of -2.5% from its starting point during tracking. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. Trading volume was exceptionally heavy at 16.6x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 11 | Routing partnership | Positive | -0.3% | HERE integration targeted routing accuracy, driver matching, and ETA predictions. |
| Jul 06 | Autonomous vehicle MOU | Positive | -9.8% | UISEE MOU explored autonomous vehicle projects and platform integration in Singapore. |
| Jun 16 | Bicycle activation | Positive | -8.1% | HelloRide activation deployed approximately 250 branded bicycles across Singapore. |
| May 26 | Service expansion | Positive | +3.9% | RydePET XL expanded pet-friendly ride categories with a premium six-seater option. |
| May 18 | Leadership appointment | Positive | -1.1% | New product chief assumed responsibility for platform innovation and marketplace growth. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Ryde's recent positive operational announcements were more often followed by negative 24-hour reactions than aligned gains.
Key Terms
memorandum of understanding regulatory
devsecops technical
vulnerability assessment and penetration testing technical
managed detection and response technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
SINGAPORE, SG / ACCESS Newswire / August 12, 2026 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce in Singapore, today announced that it has signed a Memorandum of Understanding ("MOU") with OneT Solutions Pte. Ltd. ("OneT"), a Singapore-based provider of cybersecurity, DevSecOps and managed security solutions.
The MOU establishes a framework for Ryde and OneT to explore collaboration in strengthening Ryde's cybersecurity capabilities and supporting the continued resilience of its technology platform. The collaboration will include discussions on areas such as application security, DevSecOps, vulnerability assessment and penetration testing (VAPT), managed detection and response (MDR), security operations, and related cybersecurity initiatives.
As Ryde continues to enhance its technology platform and pursue regional expansion opportunities, cybersecurity remains a key priority in ensuring the reliability, resilience and integrity of its services. Through this collaboration, the parties will explore opportunities to adopt cybersecurity best practices and evaluate solutions that support Ryde's evolving operational and regulatory requirements.
"We are pleased to collaborate with OneT Solutions as we continue strengthening the security and resilience of Ryde's technology platform," said Nitin Dolli, CTO of Ryde. "As our platform continues to evolve, cybersecurity must remain embedded throughout our technology lifecycle. This MOU provides a strong foundation for both teams to explore practical solutions across application security, DevSecOps and cyber resilience that support our long-term growth."
Under the MOU, Ryde and OneT will explore opportunities for collaboration across cybersecurity and DevSecOps initiatives, with the detailed scope of work, implementation approach and commercial arrangements to be discussed separately and documented through Statements of Work or other written agreements where appropriate.
In addition to the collaboration contemplated by the MOU, Ryde and OneT may explore other forms of strategic cooperation, including potential investment or merger and acquisition opportunities. Any such discussions would be subject to due diligence, mutual agreement on terms, and all required corporate and regulatory approvals. No agreement has been reached and there is no assurance that any transaction will be agreed or completed.
"We are excited to work with Ryde to explore how our cybersecurity and DevSecOps expertise can support the continued growth of one of Singapore's leading mobility technology platforms," said Frank Teh, CEO of OneT Solutions. "We look forward to sharing our experience in application security, security operations and cyber resilience, while working closely with Ryde to evaluate solutions that align with its business and technology objectives."
The signing of the MOU reflects both parties' shared commitment to exploring innovative approaches to cybersecurity and technology resilience as digital platforms continue to evolve.
About Ryde Group Ltd
Ryde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking
About OneT Solutions Pte. Ltd.
OneT Solutions Pte. Ltd. is a Singapore-based cybersecurity, DevSecOps and observability solutions provider established in 2018. The company delivers cybersecurity services including Managed Detection & Response (MDR), Security Operations Centre (SOC), application security, DevSecOps and observability solutions to enterprises across the financial services and public sectors. For more information, please visit https://www.onet.sg/.
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.
Contacts
For Media Relations:
Media Team
Ryde Group Ltd
Email: media@rydesharing.com
For Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.com
SOURCE: Ryde Group
View the original press release on ACCESS Newswire