Vancouver, British Columbia and San Diego, California—CyberCatch Holdings, Inc. (TSXV: CYBE) (OTCQB: CYBHF), a cybersecurity firm specializing in an AI-enabled platform for continuous compliance and cyber risk mitigation, announced on February 2, 2026, that it has signed a definitive share exchange agreement to acquire Atriarch Inc. This acquisition aims to leverage Atriarch’s intellectual property related to multi-authority attributes-based encryption with revocation technology, a move designed to enhance cybersecurity and mitigate risks posed by AI and quantum computing-driven cyberattacks.
Under the terms of the agreement, CyberCatch will purchase all issued and outstanding shares of Atriarch in exchange for 1,250,000 common shares at a price of CAD $2.00 per share. The transaction is expected to bolster CyberCatch’s offerings and drive significant sales and revenue, addressing a critical need as organizations face escalating threats from cybercriminals.
The urgency for innovative encryption solutions is underscored by alarming statistics. The average cost of a data breach in the United States exceeds USD $10 million, according to IBM’s 2025 Cost of a Data Breach report. The report further reveals that the average time taken to identify and contain a breach globally is a staggering 241 days, highlighting the inadequacy of current encryption technologies in safeguarding data in transit and at rest.
“This is not sustainable,” stated Sai Huda, CEO of CyberCatch. He emphasized the necessity for advanced encryption methods, particularly multi-authority attributes-based encryption with revocation capabilities, which allows for one-to-many encryption while maintaining granular control over access. The company has identified immediate use cases for this technology across various critical sectors and anticipates announcing key partnerships shortly to help organizations integrate this innovative solution into their existing technology products.
CyberCatch envisions significant applications in critical business sectors, such as public safety. For example, emergency communications can utilize this new encryption paradigm to ensure that information is securely transmitted while allowing for selective access based on recipient needs. This not only enhances data security but also offers significant cost savings, particularly in public sector operations vulnerable to cyber threats.
The completion of the transaction is contingent upon customary closing conditions, including the receipt of final approval from the TSX Venture Exchange (TSXV). The shares to be issued upon closing will be subject to specific contractual sale restrictions, ensuring compliance with regulatory requirements.
CyberCatch Holdings positions itself at the forefront of the cybersecurity landscape with its proprietary, AI-driven Software-as-a-Service (SaaS) solution. The platform aims to address the root causes of cyberattacks by identifying and rectifying control deficiencies within organizations. By implementing necessary security controls and continuously testing them from various perspectives—including external, internal, and social engineering vulnerabilities—the company seeks to keep clients compliant and secure against potential threats.
As the cybersecurity landscape evolves, the integration of cutting-edge encryption technologies becomes imperative for both corporate and governmental entities. By acquiring Atriarch, CyberCatch not only expands its technological capabilities but also strengthens its commitment to addressing urgent cybersecurity challenges posed by increasingly sophisticated attacks.
Investors should be cautious regarding the forward-looking statements included in this release. While the company believes its strategic goals are based on reasonable assumptions, actual outcomes may differ significantly due to various risks, uncertainties, and factors beyond its control. These include economic fluctuations, changes in labor costs, and the competitive nature of the cybersecurity industry. For further insights, stakeholders are encouraged to consult the company’s annual management discussions filed under its SEDAR+ profile.
As the cybersecurity market continues to grow, the successful completion of this acquisition and the subsequent rollout of innovative encryption solutions will be critical in determining CyberCatch’s future trajectory and its role in safeguarding organizations against evolving cyber threats.
See also
AI-Based Framework Enhances IoT Security with Real-Time Cyberattack Detection
CISA Official Uploads Sensitive Documents to ChatGPT, Bypassing Security Protocols
95% of AI Projects Yield No Return, MIT Study Reveals Alarming Breach Risks
Preemptive Cybersecurity Set to Dominate 50% of IT Spending by 2030, Gartner Reports
Check Point Reports 70% Surge in Cyber Attacks Driven by AI and Automation in 2025
