Cerberus Sentinel Acquires Atlantic Technology Systems

Rhea-AI Summary

Cerberus Cyber Sentinel Corporation (CISO) has acquired Atlantic Technology Systems, Inc, enhancing its cybersecurity service offerings. This strategic acquisition positions Cerberus to strengthen its presence in the financial services sector, leveraging Atlantic's 30 years of experience in regulated IT management and security. Atlantic will operate as a wholly owned subsidiary, contributing to a broader range of integrated risk managed services for U.S. clients. Financial terms of the deal remain undisclosed, but the move is expected to bolster market differentiation and expertise.

Positive

• Acquisition of Atlantic Technology enhances Cerberus's cybersecurity offerings.
• Atlantic brings over 30 years of experience in IT management for financial services.
• Cerberus expands its market presence and service capabilities.

Negative

• None.

U.S. cybersecurity services firm extends scope of service offerings

SCOTTSDALE, Ariz., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Cerberus Cyber Sentinel Corporation (OTC: CISO), a cybersecurity and compliance firm based in Scottsdale, Ariz., announced that it has acquired Atlantic Technology Systems, Inc., a New Jersey-based managed services provider.

Under the terms of the agreement, Atlantic will become a wholly owned subsidiary of Cerberus Sentinel and will continue to provide integrated risk managed services to a broad array of U.S. customers.

“Atlantic has built a very successful niche in the financial markets,” said David Jemmett, CEO and founder of Cerberus Sentinel. “The company brings over 30 years of experience delivering regulated IT management, monitoring and security to the financial services industry. Atlantic will further enhance our differentiation in the marketplace and continue expanding our expertise and offerings in the cybersecurity field.”

"By integrating our solutions with the Cerberus Sentinel culture, together we can bring a higher level of support and security services to our customers than was previously available," said James Montagne, president and CEO of Atlantic Technology Systems. "Without question, in today’s environment cybersecurity truly needs to be a culture and not just a product. This is the Cerberus hallmark and our joint commitment to the industry.”

Atlantic will continue to be based in New Jersey.

Financial terms of the agreement were not disclosed.

About Cerberus Sentinel

Cerberus Sentinel is an industry leader in Managed Cybersecurity and Compliance (MCCP) services with its exclusive MCCP+ managed compliance and cybersecurity services plus culture program. The company is rapidly expanding by acquiring world-class cybersecurity, secured managed services, and compliance companies with top-tier talent that utilize the latest technology to create innovative solutions to protect the most demanding businesses and government organizations against continuing and emerging security threats and compliance obligations.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believes," "expects," "anticipates," "intends," "estimates," "plan," "will," "may," "look forward," "intend," "guidance," "future" or similar expressions are forward-looking statements. Because these statements reflect Cerberus Sentinel's current views, expectations and beliefs concerning future events, these forward-looking statements involve risks and uncertainties. Investors should note that many factors, as more fully described under the caption "Risk Factors" and elsewhere in Cerberus Sentinel's Form 10-K, Form 10-Q and Form 8-K filings with the Securities and Exchange Commission and as otherwise enumerated herein, could affect Cerberus Sentinel's future financial results and could cause actual results to differ materially from those expressed in such forward-looking statements. The forward-looking statements in this press release are qualified by these risk factors. These are factors that, individually or in the aggregate, could cause the Cerberus Sentinel's actual results to differ materially from expected and historical results. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. We assume no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

Contact:
Charles J. Zigmund, Vice President
Cerberus Sentinel
617-838-4183
charles.zigmund@cerberussentinel.com

Cathy Morley Foster
Eskenzi PR
925-708-7893
cathy@eskenzipr.com

Matt Glover or Alex Kovtun
Gateway Investor Relations
949-574-3860
CISO@gatewayir.com

FAQ

What is the significance of Cerberus Cyber Sentinel's acquisition of Atlantic Technology Systems?

The acquisition strengthens Cerberus's cybersecurity offerings by incorporating Atlantic's expertise in the financial services sector.

How will the acquisition of Atlantic Technology affect CISO's market strategy?

It positions CISO for enhanced differentiation in the cybersecurity marketplace, leveraging Atlantic's established reputation.

What are the financial terms of the Cerberus Sentinel and Atlantic Technology acquisition?

The financial terms of the acquisition have not been disclosed in the press release.

Will Atlantic Technology continue its operations after the acquisition?

Yes, Atlantic will operate as a wholly owned subsidiary and continue to provide integrated services.

What expertise does Atlantic Technology bring to Cerberus Cyber Sentinel?

Atlantic has over 30 years of experience in delivering regulated IT management and cybersecurity services, particularly in financial markets.