Cerberus Sentinel completes acquisition of CyberViking

Rhea-AI Summary

Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) has acquired CyberViking, enhancing its incident response and application security capabilities. Based in Georgia and Oregon, CyberViking specializes in application security services and has worked with multiple Fortune 100 companies. This acquisition aims to expand Cerberus Sentinel's international reach and expertise, particularly in healthcare cybersecurity. The integration will facilitate a stronger focus on global incident response strategies and application security advancements.

Positive

• Acquisition of CyberViking strengthens incident response and application security capabilities.
• Enhances Cerberus Sentinel's international reach and market presence.
• CyberViking's expertise aligns with Cerberus Sentinel's focus on healthcare cybersecurity.

Negative

• None.

U.S. cybersecurity services firm expands incident response and application security talent

Scottsdale, Ariz., July 06, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Cerberus Cyber Sentinel Corporation (NASDAQ: CISO), a cybersecurity consulting and managed services firm based in Scottsdale, Ariz., announced that it has completed the acquisition of CyberViking, a cybersecurity company based in Georgia and Oregon. Upon the closing of the transaction, CyberViking became a wholly owned subsidiary of Cerberus Sentinel.

CyberViking founder and cyber lead for the company is Carric Dooley. CyberViking specializes in application security services, incident response and threat hunting, and the creation and management of security operations centers. They have advised many Fortune 100 companies worldwide.

"With the addition of CyberViking, we take a next step in expanding our international reach as well as broadening our expertise for our cybersecurity healthcare and industrial controls systems customers," said David Jemmett, founder and CEO, Cerberus Sentinel. "Carric is an innovative thinker who is well respected by customers for solving and preparing for challenging cybersecurity threats. The team is the very embodiment of our commitment to a culture of security."

"We are looking forward to helping shape a global strategy for incident response, as well as driving new capabilities in application security," said Dooley. "We believe in the development of the cybersecurity community and have actively participated as trainers and presenters at global conferences.  Our two organizations share a vision in helping our customers rise above the cybersecurity challenges inherent in threats today and in the future, and to get them to a place where they can concentrate on growing their business."

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 certain statements that may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, our belief that with the addition of CyberViking, we take a next step in expanding our international reach as well as broadening our expertise for our cybersecurity healthcare and industrial controls systems customers; our belief that Carric Dooley is an innovative thinker who is well respected by customers for solving and preparing for challenging cybersecurity threats; our belief that the CyberViking team is the very embodiment of our commitment to a culture of security; the plan to help shape a global strategy for incident response, as well as drive new capabilities in application security; and our shared vision in helping our customers rise above the cybersecurity challenges inherent in threats today and in the future, and to get them to a place where they can concentrate on growing their business.  These statements are often, but not always, made through the use of words or phrases such as "believes," "expects," "anticipates," "intends," "estimates," “predict,” "plan," “project,” “continuing,” “ongoing,” “potential,” “opportunity,” "will," "may," "look forward," "intend," "guidance," "future" or similar words or phrases. These statements reflect our current views, expectations, and beliefs concerning future events and are subject to substantial risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, risks related to our ability to raise capital; our ability to increase revenue and cash flow and become profitable; our ability to recruit and retain key talent; our ability to identify and consummate acquisitions; our ability to acquire, attract, and retain clients; and other risks detailed from time to time in the reports filed with the Securities and Exchange Commission, including the  Annual Report on Form 10-K for the fiscal year ended December 31, 2021. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, we assume no obligation and do not intend to update any forward-looking statements, whether as a result of new information, future developments, or otherwise.

Company Contact:
Neil Stinchcombe, CMO
Cerberus Sentinel
480-500-7294
Neil.Stinchcombe@cerberussentinel.com

Public Relations Contact:
Cathy Morley Foster
Eskenzi PR
925-708-7893
cathy@eskenzipr.com

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

Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com

FAQ

What is the impact of Cerberus Cyber Sentinel's acquisition of CyberViking?

The acquisition enhances Cerberus Sentinel's cybersecurity capabilities and expands its international reach.

When was the CyberViking acquisition by Cerberus Cyber Sentinel announced?

The acquisition was announced on July 6, 2022.

What services does CyberViking provide?

CyberViking specializes in application security services, incident response, threat hunting, and managing security operations centers.

How does the acquisition affect CISO’s market position?

The acquisition improves CISO's market position by broadening its service offerings and enhancing its expertise in cybersecurity.