Visium Technologies, Inc. reports developments in AI-powered cybersecurity, advanced analytics and situational-awareness technology. Company news centers on the TruContext platform and related modules such as Tru-InSight for video intelligence and TruTrack for IoT asset tracking, along with applications in public safety, critical infrastructure, data centers, healthcare operations and enterprise security.
Recurring updates also cover strategic collaboration frameworks, market-development activity in African digital infrastructure and technology sectors, governance matters, capital-structure actions, material agreements, and operating or financial disclosures tied to the company’s AI-focused business plan.
Visium Technologies, Inc. (OTC PINK:VISM) announced on March 10, 2021, that it will not proceed with the previously approved reverse stock split. The Board of Directors made this decision to align with current conditions and enhance shareholder interests. CEO Mark Lucky expressed confidence in the company's direction and support from stakeholders. Visium specializes in global cybersecurity and technology solutions to safeguard enterprise data and applications.
Visium Technologies, Inc. (OTC PINK:VISM) announced the launch of its redesigned website, emphasizing user experience with a modern design and improved functionality. This initiative is part of key strategic growth projects aimed at enhancing access to information for clients and potential partners. CEO Mark Lucky highlighted the website's role in showcasing Visium's commitment as a dynamic and innovative company. The site will be regularly updated with industry insights, corporate news, and resources. Visium focuses on cybersecurity and technology automation for data protection.
Visium Technologies (OTC PINK:VISM) has entered an exclusive advisory agreement with Donald Capital, an investment banking firm. This partnership aims to secure capital for product development and support strategic goals. The funds will enhance Visium's sales, marketing, and engineering capabilities. CEO Mark Lucky highlighted Donald Capital's experience in cybersecurity, which aligns with Visium's growth plans. The upcoming funding round will also support the company's ambitions for listing on a national exchange.
Visium Technologies, Inc. (OTC PINK:VISM) has announced the planned integration of a GraphBLAS engine into its CyGraph® platform, enhancing its real-time analytics capabilities significantly. This integration aims to expedite cybersecurity analysis through linear algebra, improving the speed and efficiency of threat identification and prediction. The upgraded CyGraph® will facilitate machine learning results and address multiple real-time use cases, including data threat identification and root cause analysis. The platform is now available via Amazon Web Services.
Visium Technologies (OTC PINK:VISM) has successfully repaid $77,000 owed to noteholders related to toxic convertible debt, utilizing $150,000 from new unsecured promissory notes with an 8% interest rate. This repayment aims to mitigate dilution and alleviate downward pressure on share prices. The company anticipates significant revenue from its cybersecurity platform, CyGraph, in the coming weeks, which provides real-time visibility of network security. The repayment and CyGraph's launch are seen as pivotal for the company's growth strategy.