The cybersecurity industry is expected to grow at a fairly rapid clip over the coming years and hence, it may be a good time for investors to take a look at some companies from the sector. Zerify Inc (OTCMKTS:ZRFY) has been involved with the industry for more than two decades and is involved in providing products meant for securing video conferencing.
On Friday, ZRFY stock ended up by 0.32% to $0.0075 with 1.49 million shares, compared to its average volume of 2.41 million shares. The stock moved within a range of $0.0071 – 0.0076 after opening trade at $0.0075.
The company was in the news earlier this month on October 12 when it announced that it had gone into a partnership with Vation Ventures for the purpose of speeding up the growth of its Partner Program. It was a major new announcement from the company and one that could lead to considerable future growth. In this context, it may be a good idea for investors to consider having a look Vation Ventures as an enabler.
Vation is involved in the business of helping innovating companies with the task of managing the emerging technology space by way of its end-to-end solution which speeds up the time necessary to market a product through the channel partners. It was noted in the announcement that the partnership is going to help Zerify in creating new pipelines and eventually lead to a rise in revenues.
The service provided by Vation is regarded as a Channels-as-a-Service program and remains one of the many offerings it provides to its clients. It may be a good idea for investors to now keep an eye on the developments specific to Zerify and its Partner Program in the coming days.
ZRFY stock is trading below the 20-Day and 50-Day Moving averages of $0.0083 and $0.0102 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0261.