CyberloQ inks Relevate AI security licensing deal
CyberloQ Technologies entered into a material agreement with Relevate AI to integrate CyberloQ’s multi-factor security protocol as an authentication option within Relevate’s platform.
Sentiment and the balance of points
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Rhea-AI Filing Summary
CyberloQ Technologies entered into a material agreement with Relevate AI to integrate CyberloQ’s multi-factor security protocol as an authentication option within Relevate’s platform.
Under the agreement, Relevate will pay CyberloQ a monthly license fee of $750 plus a 10% commission on each user. Relevate’s platform pricing is $50 per user per month, which translates to a $5 commission to CyberloQ for closed sales opportunities it initiates. CyberloQ will also pay Relevate a 10% commission on sales opportunities CyberloQ closes that were initiated through Relevate. The agreement runs for twelve months, after which both parties will review and decide whether to continue.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What agreement did CyberloQ Technologies (CLOQ) enter into with Relevate AI?
How will CyberloQ Technologies (CLOQ) be compensated under the Relevate AI agreement?
What commissions will Relevate AI receive in its agreement with CyberloQ Technologies (CLOQ)?
What is the term of the CyberloQ Technologies (CLOQ) and Relevate AI agreement?
How is the per-user commission from Relevate AI to CyberloQ Technologies (CLOQ) calculated?
AI-generated analysis. How Rhea-AI works. Not financial advice.