• Unica Corporation reports Q2 FY10 revenue of $29.0M, up 24% YoY.
• Subscription revenue increased 49% to $6.6M.
• Perpetual license revenue rose 83% to $7.7M.
• Maintenance revenue was up 4% to $11.2M.
• Services revenue decreased 9% to $3.4M.
• Annual recurring contract value reached $123.8M, up 13% YoY.
• Unica ended Q2 FY10 with 7,100 customers, up 15% YoY.
HUB Cyber Security (HUBC) has secured a significant multi-year agreement with Kyrrex and an unnamed crypto merchant vendor, expected to generate $25M in annual recurring revenue starting July 1, 2025. The contract involves providing Perpetual KYC (PKYC) and compliance services for 1.2-1.5 million customer entities as part of Kyrrex's planned merger [1]. HUB's AI-driven PKYC solution will offer continuous monitoring, automated risk scoring, and regulatory intelligence.
The agreement includes HUB-led Regulatory Readiness Sprints, implementation of a Unified KYC Secured Fabric, and Horizon Scanning-as-a-Service to ensure compliance with MiCA, FinCEN, and FATF requirements. This strategic partnership positions HUB as a key player in crypto compliance technology while adding a high-margin recurring revenue stream to its portfolio [1].
The deal reinforces HUB's strategic positioning at the intersection of cybersecurity, regulatory technology (RegTech), and cryptocurrency infrastructure. As regulatory requirements for crypto businesses intensify globally under frameworks like MiCA (Markets in Crypto-Assets), FinCEN guidelines, and FATF (Financial Action Task Force) recommendations, HUB's AI-driven compliance solutions address a critical market need [1].
Meanwhile, Unica Corporation reported its Q2 FY10 revenue of $29.0M, up 24% YoY, with subscription revenue increasing 49% to $6.6M, and perpetual license revenue rising 83% to $7.7M. Maintenance revenue was up 4% to $11.2M, while services revenue decreased 9% to $3.4M. Annual recurring contract value reached $123.8M, up 13% YoY, and Unica ended Q2 FY10 with 7,100 customers, up 15% YoY [2].
References:
[1] https://www.stocktitan.net/news/HUBC/hub-cyber-security-nasdaq-hubc-secures-estimated-25m-annual-8hoizewakh7z.html
[2] Unica Corporation Q2 FY10 Financial Report
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