Future Data Licenses Black Diamond Software for Mini-SOC Deployment in Hong Kong Brokerage Company

HONG KONG, July 19, 2019 : GEM Board-listed Future Data Group Limited (“Future Data” or the “Group”, stock code: 8229), a technology services company, today announced that its newly acquired subsidiary Maximus Consulting (Hong Kong) Limited (“MXC”) has signed an agreement to license its flagship software product, Black Diamond, to build a new Mini-SOC (Security Operations Center), and provide managed security services for one of Hong Kong’s largest stock brokerage companies for HK$3.3 million.

Under the 3-year contract, MXC will monitor security events, provide early warnings, incident analysis, and regular reports to the customer. This Mini-SOC will cover over thirty devices, including firewalls, anti-DDoS, email servers, web servers, among others.

“MXC is proud to win this contract against one of the largest IT companies in the world, which is a testimony of MXC’s capability in providing reliable, efficient and secure services to our customers. Winning factors were better price/performance ratio, ease of customization with Black Diamond, and the expertise of our cyber security team in the Hong Kong territory. This contract win demonstrates the success of our vertical integration between sales and operation management of MXC, as well as project delivery and management of Future Data Limited,” said Roger Chung, Chief Executive Officer of MXC.

“Demand for Mini-SOC is on the rise, as it serves as an enterprise’s early warning system from a cyber security perspective. The licensing of our own product Black Diamond to build Mini-SOC for Hong Kong brokerage companies is a new milestone for Future Data and will be a future growth driver for the Group, contributing a higher gross margin, which will translate into better profitability for Future Data going forward. The conclusion of business agreement once again proves Future Data as a leading service provider within the cyber security market in Hong Kong,” said Giang Phung, Vice Chairman of Future Data.