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CynergisTek Signs Six-Figure Extension Contract with Nationally Ranked Hospital
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
AUSTIN, Texas - CynergisTek (CTEK) has expanded its contract with a leading obstetric and pediatric hospital, adding over 1,000 hours of remediation support services. This six-figure extension, originating from a contract initiated in 2020, underscores CynergisTek's commitment to enhancing client relationships and improving cybersecurity in the healthcare sector. The company's services aim to identify and remediate cybersecurity gaps, particularly as the healthcare industry faces rising cyber threats.
Positive
Expanded contract with a top-ranked hospital for over 1,000 additional service hours.
Reinforces CynergisTek's strategy for client retention and relationship development.
Enhances the hospital's cybersecurity measures amid increasing cyber threats in healthcare.
Negative
None.
A nationally recognized hospital, specializing in women and children care, expands its contract with CynergisTek to add additional remediation support services.
AUSTIN, Texas--(BUSINESS WIRE)--
CynergisTek (NYSE American: CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, recently announced one of the top obstetric and pediatric hospitals in the country that is also part of a prestigious academic medical center has signed a six-figure extension contract for professional service hours. The hospital continues to invest in CynergisTek's virtual staffing and remediation services, adding over one thousand more hours of support throughout the next year.
“I have no doubt that this will continue to be a strong partnership with this client, and we are pleased to expand on offering our custom staffing remediation services,” said Mac McMillan, President, and CEO of CynergisTek. “The recent contract supports CynergisTek’s strategy to expand client retention, develop stronger relationships, and help protect the healthcare industry as a whole. Our job is to help identify gaps in your programs and provide guidance on how to remediate those gaps because simply knowing they are there isn’t enough.”
The agreement is an extension to the original contract that began in 2020 and enables the client to continue to leverage the value of CynergisTek's solutions to optimize virtual staffing resources and enhance the client’s security programs. As healthcare continues to be a target of cyber-related incidents, hospitals need to take necessary steps to not only identify cyber risks, but follow through with prioritized remediation efforts to protect patient data, and avoid obstructing patient care. CynergisTek’s Information Security Remediation Services provide healthcare organizations with subject matter expertise from seasoned professionals who offer guidance and suggestions based on industry best practices, and the NIST privacy/security framework, to help address and remediate gaps in privacy, cybersecurity, compliance, and/or IT Audit programs.
About CynergisTek, Inc. CynergisTek (www.cynergistek.com) is a top-ranked cybersecurity consulting firm helping organizations in highly regulated industries, including those in healthcare, government, and finance, navigate emerging security and privacy issues. CynergisTek combines intelligence, expertise, and a distinct methodology to validate a company's security posture and ensure the team is rehearsed, prepared, and resilient against threats. Since 2004, CynergisTek has been dedicated to hiring and retaining experts who bring real-life experience and hold advanced certifications to support and educate the industry by contributing to relevant industry associations. For more information, visit www.cynergistek.com or follow us on Twitter or LinkedIn.
Cautionary Note Regarding Forward Looking Statements
This release contains certain forward-looking statements relating to the business of CynergisTek, Inc. These forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “would,” “could,” “intends,” “may,” “will,” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including but not limited to uncertainties relating to product/services development; long and uncertain sales cycles; the ability to obtain or maintain proprietary intellectual property protection; future capital requirements; competition from other providers; the ability of the Company’s vendors to continue supplying the Company with supplies and services at comparable terms and prices; the Company’s ability to successfully compete and introduce enhancements and new features that achieve market acceptance and that keep pace with technological developments; the Company’s ability to maintain its brand and reputation and retain or replace its significant customers; cybersecurity risks and risks of damage and interruptions of information technology systems; the Company’s ability to retain key members of management and successfully integrate new executives; the Company’s ability to complete acquisitions, strategic investments, entry into new lines of business, divestitures, mergers or other transactions on acceptable terms, or at all; potential risks and uncertainties relating to the existing and ultimate impact of COVID-19, including the geographic spread, the severity of the virus, the duration of the COVID-19 outbreak, actions that may be taken by governmental authorities to contain the COVID-19 outbreak or to treat its impact, and the potential negative impacts of COVID-19 on the global economy and financial markets, and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. Given the risks and uncertainties, readers should not place undue reliance on any forward-looking statement and should recognize that the statements are predictions of future results which may not occur as anticipated. Many of the risks listed above have been, and may further be, exacerbated by the COVID-19 pandemic, including its impact on the healthcare industry. Actual results could differ materially from those anticipated in the forward-looking statements and from historical results, due to the risks and uncertainties described herein, as well as others not now anticipated. CynergisTek is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.
