BlackDice achieves significant growth in H1 2024, expanding global reach and strategic partnerships

LEEDS, U.K. - July 24, 2024 - PRLog -- BlackDice, leader in AI-powered cybersecurity for the Telecom industry, is proud to announce significant commercial progress achieved in the first half of 2024, moving into the second, highlighting its robust market position and strong growth trajectory.

Several key telecoms operator customers across Europe have successfully deployed live customers with BlackDice's AI-based solutions. Additional major telecom customers are set for deployment in quarter three and four of 2024.

In strategic partnerships, BlackDice has secured a $39 million annual opportunity to integrate its software into approximately 10 million CPE devices per year, with leading hardware manufacturers giving access to their Tier 1 operators globally. Furthermore, a major partnership covering 34 operators (225 million subscribers) across South America has been established, and immediate collaborations with top telecom operators in the Middle East have been initiated. Engaging with a prominent telecoms consulting firm, BlackDice is introducing its solutions to their tier 1 operators globally, with major contracts expected in early 2025. Additionally, a heads of terms agreement for a £3 million ($3.9 million) three-year project has been signed, using BlackDice's advanced AI and data intelligence technology. Discussions are also ongoing for multiple long-term projects within the military and defense sector, valued in the millions.

"Our recent achievements and strategic partnerships underscore the increasing demand for our innovative cybersecurity solutions," said CEO Paul Hague. "Our router/CPE-based approach significantly enhances operator Quality of Experience (QoE) and builds confidence by providing a future-proof, flexible, and scalable alternative to traditional DNS-based options. This allows us to deliver more granular data intelligence, ensuring robust network defenses and a superior user experience."

Leveraging advanced AI algorithms and Machine Learning (ML), BlackDice empowers telecom customers with real-time detection and neutralization of potential threats. By using scalable solutions, the Company addresses the limitations of traditional cybersecurity measures, providing a robust defense that evolves with the ever-changing landscape of cyber threats; creating confidence for telecoms operators' subscribers.

With a current pipeline of over $23.5 million, the firm is seeing exciting new opportunities and use cases for its technology emerging across telecom, finance, military/defense, and healthcare sectors.

Hague concludes, "The extensive discussions and agreements we've secured in the first half and moving into the second half of 2024, highlight our commitment to addressing the evolving cybersecurity needs of our global customer base. As we continue to expand our footprint, BlackDice is well-positioned for sustained growth and success."

This press release contains forward-looking statements. Actual results may vary materially from those expressed or implied.

Learn more at https://www.blackdice.ai