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Castellum, Inc. Promotes Drew Merriman to Chief Operating Officer

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Castellum, Inc. (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company, has promoted Andrew ("Drew") Merriman to Chief Operating Officer (COO), effective September 1, 2024. This move fills the vacancy created by Glen Ives' promotion to CEO on July 1, 2024. Merriman, who co-founded Merrison Technologies, (MTech) in 2013, brings extensive experience in technical leadership and customer relationship management. Under his leadership, MTech achieved 176% revenue growth over three years, joining the Inc. 5000 fastest-growing companies list in 2018. Castellum acquired MTech in August 2021. Merriman's appointment aligns with Castellum's focus on operational excellence and organic growth in serving federal government clients.

Castellum, Inc. (NYSE-American: CTM), un'azienda di cybersecurity, guerra elettronica e servizi software, ha nominato Andrew ("Drew") Merriman come Chief Operating Officer (COO), con effetto dal 1 settembre 2024. Questa mossa riempie la posizione vacante lasciata dalla promozione di Glen Ives a CEO il 1 luglio 2024. Merriman, che ha co-fondato Merrison Technologies (MTech) nel 2013, porta con sé una vasta esperienza nella leadership tecnica e nella gestione delle relazioni con i clienti. Sotto la sua guida, MTech ha registrato una crescita del fatturato del 176% nel corso di tre anni, entrando nella lista delle 5000 aziende a più rapida crescita di Inc. nel 2018. Castellum ha acquisito MTech nell'agosto 2021. La nomina di Merriman è in linea con l'obiettivo di Castellum di eccellenza operativa e crescita organica nel servizio ai clienti del governo federale.

Castellum, Inc. (NYSE-American: CTM), una empresa de ciberseguridad, guerra electrónica y servicios de software, ha promovido a Andrew ("Drew") Merriman como Director de Operaciones (COO), efectivo a partir del 1 de septiembre de 2024. Este movimiento ocupa la vacante creada por la promoción de Glen Ives a CEO el 1 de julio de 2024. Merriman, quien cofundó Merrison Technologies (MTech) en 2013, aporta una amplia experiencia en liderazgo técnico y gestión de relaciones con clientes. Bajo su liderazgo, MTech logró un crecimiento del 176% en ingresos durante tres años, uniéndose a la lista de las empresas de más rápido crecimiento de Inc. 5000 en 2018. Castellum adquirió MTech en agosto de 2021. La designación de Merriman se alinea con el enfoque de Castellum en la excelencia operativa y el crecimiento orgánico en el servicio a los clientes del gobierno federal.

Castellum, Inc. (NYSE-American: CTM)은 사이버 보안, 전자전 및 소프트웨어 서비스 회사로, 앤드류("드류") 메리먼을 최고 운영 책임자 (COO)로 임명했습니다, 2024년 9월 1일부터 효력이 발생합니다. 이 결정은 2024년 7월 1일 글렌 아이브스의 CEO 승진으로 인해 발생한 공석을 채우는 것입니다. 메리먼은 2013년 Merrison Technologies (MTech)를 공동 설립하였으며, 기술 리더십과 고객 관계 관리 분야에서 광범위한 경험을 보유하고 있습니다. 그의 리더십 아래 MTech는 3년 동안 176%의 매출 성장을 이루었고, 2018년에 Inc. 5000의 가장 빠르게 성장하는 기업 목록에 올랐습니다. Castellum은 2021년 8월에 MTech를 인수했습니다. 메리먼의 임명은 연방 정부 고객을 대상으로 하는 Castellum의 운영 우수성과 유기적 성장에 대한 집중과 일치합니다.

Castellum, Inc. (NYSE-American: CTM), une entreprise de cybersécurité, de guerre électronique et de services logiciels, a promu Andrew ("Drew") Merriman au poste de Directeur des opérations (COO), à compter du 1er septembre 2024. Cette décision comble le poste vacant laissé par la promotion de Glen Ives au poste de PDG le 1er juillet 2024. Merriman, qui a cofondé Merrison Technologies (MTech) en 2013, apporte une vaste expérience en leadership technique et en gestion des relations avec les clients. Sous sa direction, MTech a connu une croissance de 176 % de son chiffre d'affaires en trois ans, rejoignant en 2018 la liste des 5000 entreprises à la plus forte croissance selon Inc. Castellum a acquis MTech en août 2021. La nomination de Merriman s'inscrit dans l'objectif de Castellum d'excellence opérationnelle et de croissance organique au service des clients gouvernementaux fédéraux.

Castellum, Inc. (NYSE-American: CTM), ein Unternehmen für Cybersicherheit, elektronische Kriegsführung und Software-Dienstleistungen, hat Andrew ("Drew") Merriman zum Chief Operating Officer (COO) befördert, wirksam ab dem 1. September 2024. Dieser Schritt füllt die Vakanz, die durch die Beförderung von Glen Ives zum CEO am 1. Juli 2024 entstanden ist. Merriman, der 2013 Merrison Technologies (MTech) mitbegründete, bringt umfangreiche Erfahrungen in technischer Führung und Kundenbeziehungsmanagement mit. Unter seiner Führung erzielte MTech in drei Jahren ein Umsatzwachstum von 176% und schloss sich 2018 der Liste der am schnellsten wachsenden Unternehmen von Inc. 5000 an. Castellum erwarb MTech im August 2021. Merrimans Ernennung entspricht Castellums Fokus auf operationale Exzellenz und organisches Wachstum in der Betreuung staatlicher Kunden.

Positive
  • Promotion of experienced executive Drew Merriman to COO
  • Merriman's track record of 176% revenue growth over three years at his previous company
  • Strategic focus on operational excellence and organic growth
Negative
  • None.

VIENNA, Va., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Castellum, Inc. (NYSE-American: CTM) ("Company") (“Castellum”), a cybersecurity, electronic warfare, and software services company focused on the federal government, announces Andrew (“Drew”) Merriman’s promotion to Chief Operating Officer (“COO”), effective September 1, 2024. Mr. Merriman fills Castellum’s vacancy created by Glen Ives’ promotion to Chief Executive Officer (“CEO”) on July 1, 2024.

“Drew is an exceptionally talented executive with deep technical knowledge, strong customer relationship management skills, and proven effectiveness at executing Castellum’s operational strategy,” said Glen Ives, CEO of Castellum. “Drew’s promotion is another step forward for our focused approach on operational excellence and organic growth.”

“I am honored and excited by this opportunity to continue serving Castellum’s mission customers across the federal government,” said Drew Merriman. “I have had the privilege of working with Castellum’s talented professionals for the last three years. I see a substantial upside opportunity for growth and to expand our capacity to support our Department of Defense and Federal Civilian customers. I look forward to helping make that growth happen over the next several years.”

Mr. Merriman co-founded Merrison Technologies, LLC (“MTech”) in 2013, where he served as CEO. Under Mr. Merriman’s leadership, MTech experienced explosive growth, joining the Inc. 5000 fastest-growing companies list in 2018 with 176% revenue growth over three years. Before founding MTech, Mr. Merriman worked for ten years at Northrup Grumman Corporation, advancing from Software Development Manager to Technical Director. Mr. Merriman has a bachelor’s degree in information technology management and is a Certified CMMC Professional (“CCP”) with the Cyber AB. Castellum acquired MTech in August 2021.

About Castellum, Inc.  

Castellum, Inc. is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government - https://castellumus.com.

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company's expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” ”project,” “believe,” “anticipate,” “shooting to,” “intend,” “in a position,” ‘looking to,” “pursue,” “positioned,” “will,” “likely,” “would,” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations for revenue growth, building value, serving our shareholders and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company's control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company's ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company's revenue due to a delay in the U.S. Congress approving a federal budget; and the Company's ability to maintain the listing of its common stock on the NYSE American LLC. For a more detailed description of these and other risk factors, please refer to the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission ("SEC") which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.

Contact:

Glen Ives, President & CEO
info@castellumus.com - (703) 752-6157

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/080a31a0-02cc-43a0-8db2-b3a763d8ab0d


FAQ

Who is the new COO of Castellum (CTM) as of September 1, 2024?

Andrew ("Drew") Merriman has been promoted to Chief Operating Officer (COO) of Castellum (CTM) effective September 1, 2024.

What is Drew Merriman's background before joining Castellum (CTM)?

Drew Merriman co-founded Merrison Technologies, (MTech) in 2013, where he served as CEO. Under his leadership, MTech experienced 176% revenue growth over three years and joined the Inc. 5000 fastest-growing companies list in 2018. Prior to that, he worked at Northrup Grumman for ten years.

When did Castellum (CTM) acquire Merrison Technologies, (MTech)?

Castellum (CTM) acquired Merrison Technologies, (MTech) in August 2021.

What is Castellum's (CTM) business focus?

Castellum (CTM) is a cybersecurity, electronic warfare, and software services company focused on serving the federal government.

Castellum, Inc.

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