Cerberus Sentinel announces acquisition of True Digital Security

Rhea-AI Summary

Cerberus Cyber Sentinel Corporation (OTC: CISO) has acquired True Digital Security, enhancing its cybersecurity services and network monitoring. This acquisition allows True Digital to operate as a wholly owned subsidiary while leveraging its existing management. The CEOs of both companies emphasize a strong cultural alignment and the potential for collaborative growth, especially with the rollout of the TrueSpeed platform. Financial details remain undisclosed, but the acquisition aims to accelerate the upgrading of cybersecurity services globally.

Positive

• Acquisition expands cybersecurity capabilities and network monitoring.
• True Digital Security will enhance Cerberus's talent pool and service offerings.
• Cultural alignment between the companies facilitates operational integration.
• Plans to accelerate rollout of the TrueSpeed platform for managed compliance.

Negative

• None.

U.S. cybersecurity services firm expands security services and network monitoring capabilities

SCOTTSDALE, Ariz., Jan. 07, 2022 (GLOBE NEWSWIRE) -- Cerberus Cyber Sentinel Corporation (OTC: CISO), a cybersecurity consulting and managed services firm based in Scottsdale, Ariz., announced that it has acquired True Digital Security, a cybersecurity operations and compliance company with offices in New York, Florida, and Oklahoma.

Under the terms of the agreement, True Digital will become a wholly owned subsidiary of Cerberus Sentinel. Rory Sanchez, CEO of True Digital, will continue to manage his team of professionals and serve as an executive of the company.

“True Digital is an exceptional cultural fit for the Cerberus family of companies. Together we will keep businesses safe as their managed compliance and cybersecurity, plus culture, provider (MCCP+)," said David Jemmett, CEO and founder of Cerberus Sentinel. “This acquisition expands and complements our team of deeply experienced cybersecurity professionals and executives, bringing our clients best-of-breed technology, proven processes, and people.”

“True Digital Security is extremely excited to be joining the Cerberus Sentinel family,” said Rory Sanchez, CEO of True Digital Security. “It’s rare to find a company and leadership team that so closely shares our culture, values, goals, and vision. This move will enable us to jointly accelerate the roll-out of our industry disruptive TrueSpeed platform, and continue strengthening our premiere managed compliance and cybersecurity services on a global scale.”

“As the founder of True Digital Security, I couldn’t be more excited about the next chapter we will write with the Cerberus companies and their leadership team. I’m more passionate now than ever about the potential that lies before us, and I’m thrilled about what the future holds,” said Dr. Jerald Dawkins, founder of TRUE-Tulsa and CISO of True Digital Security.

“We have been working with the True Digital team for several months to expand our security and network security monitoring capabilities. We are delighted with the way their expertise and services enhance our MCCP+ security solutions,” Jemmett added. “Our acquisition strategy is focused on bringing together global security talent as partners who want to grow with us as shareholders, leverage our security ecosystem, and are passionate about protecting our clients.”

True Digital will continue to be based in New York, Florida, and Oklahoma.

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 news 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 acquisition did Cerberus Cyber Sentinel Corporation announce?

Cerberus Cyber Sentinel Corporation announced the acquisition of True Digital Security.

How will True Digital Security operate after the acquisition?

True Digital Security will operate as a wholly owned subsidiary under Cerberus Cyber Sentinel.

What are the expected benefits of the acquisition for Cerberus Cyber Sentinel?

The acquisition is expected to enhance cybersecurity services, expand monitoring capabilities, and facilitate the rollout of the TrueSpeed platform.

What is the stock symbol for Cerberus Cyber Sentinel Corporation?

The stock symbol for Cerberus Cyber Sentinel Corporation is CISO.

What cultural aspects influenced the Cerberus and True Digital Security acquisition?

Both companies share similar cultural values and goals, which were emphasized by their leadership during the announcement.