CISO Global Receives $49 Million Valuation for Argo Edge Cloud Security Platform

Rhea-AI Summary

CISO Global unveils Argo Edge, a powerful cybersecurity solution valued at $49 million. The solution combines sought-after security technologies and proprietary IP for improved network performance. Argo Edge addresses challenges faced by enterprises and reduces the need for specialized cybersecurity workers.

AI-Powered Security Solution Enhances Cybersecurity Effectiveness Through Coordination, Integration and Automation

SCOTTSDALE, Ariz., Aug. 8, 2023 /PRNewswire/ -- CISO Global, Inc., an industry leader as a managed cybersecurity and compliance provider, today unveiled Argo Edge, a powerful tool stack the company has been developing and testing for the past two years in enterprise environments, including both government and privately held entities. Argo Edge combines the most sought-after security technologies on the market with CISO's proprietary IP and threat feeds for a pre-built and easy-to-implement combined solution. This new solution has been independently valued at $49 million.

With its unique approach, Argo Edge layers together pre-configured, pre-integrated technologies that include cloud firewall as a service (FaaS), secure internet gateway, secure authentication, secure service edge (SSE), and containerized internet browser sessions for each user. This solution provides Zero Trust Network Access (ZTNA), Cloud Access Security Broker (CASB) and Data Loss Protection (DLP) capabilities across an organization's cloud applications and environment, and overall improved network performance. The AI component of Argo Edge further hardens networks by learning from each blocked attack and applying this new knowledge to unaffected environments as a forward-thinking, protective functionality.

"We believe this valuation solidifies CISO Global as a growing leader in the cybersecurity industry, and that the solution's capabilities validate the company's ability to deliver on its mission to demystify and accelerate its clients' journey to cyber resilience," said David Jemmett, CEO of CISO Global. "Unlike most security platforms currently on the market that add complexity and increase the need for additional staff to manage them, Argo Edge leverages automation and preconfigures highly complex security processes."

Argo Edge is secure by design and default, out of the box. Its capabilities include secure user authentication, secure service edge, powerful web filtering, containerized sessions for all internal users to protect corporate assets from direct access, as well as any internet-facing activity.

Argo Edge is designed to address widespread struggles of enterprises to achieve true resiliency across modern, distributed networks due to a combination of vendor sprawl, tool overload, remote and hybrid workforces, and cybersecurity expertise gaps. Together, these challenges have led to the common scenario of companies remaining highly vulnerable to attack, despite hefty investments in tools and teams. By aggregating and potentially replacing numerous tools, this solution empowers internal teams to manage technologies, while reducing the daily time and specialized skillsets required to do so. Security teams that may lack enough specialized cybersecurity workers can still manage extremely powerful technologies effectively.

"With an average of over 75 security tools to manage and an ongoing 3.4 million global cybersecurity practitioner shortfall, most enterprises struggle to achieve air-tight configuration, integration, and management of existing platforms," commented CISO Global Chief Technology Officer Jerald Dawkins, Ph.D. "CISO Global sees this as a lack of foresight of security vendors who look to sell 'silver bullets', rather than address the daily struggles of managing existing technologies."

Argo Edge's data visualizations will be delivered through Argo Security Management, an umbrella platform that aggregates and visualizes key security data across client environments.

About CISO Global
CISO Global (NASDAQ: CISO), based in Scottsdale, Arizona, is an industry leader as a managed cybersecurity and compliance provider. 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. For more information about the company, visit us on LinkedIn, Twitter or at www.ciso.inc.

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 our Argo Edge tool stack is an easy-to-implement combined solution; our belief that the independent valuation of Argo Edge solidifies CISO Global as a growing leader in the cybersecurity industry, and that the solutions capabilities validate our journey to cyber resilience; our belief that Argo Edge protects corporate assets from ever having to touch the internet, as well as from direct user access; our belief that by aggregating and potentially replacing numerous tools, this solution empowers internal teams to manage technologies well, while reducing the daily time and specialized skillsets required to do so; our belief that this means that security teams that may lack enough specialized cybersecurity workers can still manage extremely powerful technologies effectively; and our design for Argo Edge to address widespread struggles of enterprises to achieve true resiliency across modern, distributed networks due to a combination of vendor sprawl, tool overload, remote and hybrid workforces, and cybersecurity expertise gaps. 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, 2022. 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.

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SOURCE CISO Global