Welcome to our dedicated page for Telos Corporation news (Ticker: TLS), a resource for investors and traders seeking the latest updates and insights on Telos Corporation stock.
Telos Corporation Common Stock (symbol: TLS) represents a company renowned for providing cutting-edge cybersecurity, cloud security, and enterprise security solutions. Telos Corporation empowers and protects the world’s most security-conscious organizations, ensuring continuous security assurance of individuals, systems, and information.
Founded in 1971 and headquartered in Ashburn, Virginia, Telos serves military, intelligence, and civilian agencies of the federal government, allied nations, and commercial organizations across the globe. The company’s core offerings include solutions for IT risk management and information security; secure mobility to protect globally connected organizations; and identity management to establish trust in personnel and monitor for insider threats.
The company is organized into two primary segments: Security Solutions and Secure Networks. The Security Solutions segment, which drives the majority of the company’s revenue, focuses on cybersecurity, cloud, and identity solutions. The Secure Networks segment concentrates on enterprise security, delivering comprehensive network management and defense solutions.
Telos has achieved significant recognition within the industry. In 2017, the company was ranked in the top 25 on the global Cybersecurity 500 list by Cybersecurity Ventures and received the prestigious James S. Cogswell Outstanding Industrial Security Achievement Award from the Defense Security Service (DSS), an accolade awarded to less than 0.3% of eligible organizations.
Recent highlights include a five-year contract with the Defense Information Systems Agency (DISA) for the Telos Automated Message Handling System (AMHS), supporting critical information distribution for the U.S. Department of Defense and a $6.7 million two-year contract extension with the Central Intelligence Agency (CIA) to continue using Telos' Xacta® professional services for their Commercial Cloud Enterprise (C2E) Assessment and Authorization efforts.
Telos is also expanding its footprint in identity management by opening new TSA PreCheck enrollment centers across the U.S., making it more convenient for travelers to enroll and renew their memberships. The company is dedicated to providing technology-forward solutions that anticipate and address the evolving threats and needs of its clients.
Telos Corporation has launched Xacta 360 1.7, enhancing its cyber risk management platform with new capabilities for machine-readable data exchange, including support for OSCAL standards. This update introduces Essential Data Exchange (EDE), streamlining compliance management and enabling efficient data sharing for assessments and audits. The OSCAL feature allows faster submission of FedRAMP security plans, potentially accelerating approval and revenue generation for federal cloud applications. The platform is tailored for highly regulated organizations, replacing outdated methods with modern, data-centric approaches.
Telos Corporation (NASDAQ: TLS) has acquired Diamond Fortress Technologies assets, including touchless fingerprinting software ONYX, to enhance its IDTrust360 platform. This acquisition adds valuable biometric patents, enabling Telos to better serve sectors like transportation, healthcare, and financial services. The contactless biometrics market is projected to grow from $7 billion in 2019 at a CAGR of 20% until 2027. Telos aims to streamline biometric data collection, improving customer service with the expanded technology.
Telos Corporation (NASDAQ: TLS) will release its second quarter 2021 financial results on August 16, 2021, after market close. A conference call and webcast will follow at 4:30 p.m. ET to discuss the results and business outlook. Telos specializes in cybersecurity, cloud security, and enterprise security solutions, catering primarily to government agencies and commercial organizations worldwide. Investors can access the call through a dedicated phone line and also view a replay on the Investor Relations website.
Telos Corporation (NASDAQ: TLS) appointed Mark Bendza as its new CFO effective July 19, 2021. Bendza has over 20 years of finance experience, previously holding a vice president role at Honeywell with a focus on investor relations. He succeeds Michele Nakazawa, who served as CFO for over 17 years and will transition to assist with continuity. CEO John B. Wood highlighted Bendza's skills as vital for Telos's growth trajectory and shareholder engagement, especially following their recent IPO.
Telos Corporation announced the launch of Xacta.io 1.6.1, enhancing its cyber risk management platform with a new controls crosswalk feature. This feature automates control mapping to streamline IT regulatory compliance, crucial for organizations managing multiple regulations. The update supports significant frameworks like NIST SP 800-53 and FedRAMP, aimed at reducing audit fatigue and improving efficiency. With organizations facing an average of 13 compliance regulations, this release positions Telos to capitalize on growing demand for automated compliance solutions.
Telos Corporation (NASDAQ: TLS) has been approved as a Registered Provider Organization (RPO) by the Cybersecurity Maturity Model Certification Accreditation Body (CMMC-AB). This approval allows Telos to offer consulting services to over 300,000 organizations seeking CMMC compliance, vital for Department of Defense contract eligibility. Telos aims to leverage its extensive experience in federal security to assist organizations in achieving necessary CMMC levels, conducting self-assessments, and developing compliance strategies.
Telos Corporation (NASDAQ: TLS) announced that its CEO, John B. Wood, and CFO, Michele Nakazawa, will present at the Northland Capital Markets SMB and Travel Conference on June 23, 2021, at 10:30 a.m. ET. The event will be held virtually, with a live audio webcast available. Following the presentation, a recording will be accessible on Telos’ investor relations website. Telos is recognized for its cybersecurity solutions, catering to federal agencies and commercial organizations worldwide.
Telos Corporation (NASDAQ: TLS) has launched the Telos CyberProtect Partner Program, aimed at enhancing collaboration with companies committed to integrity in cybersecurity, cloud, and enterprise security. Key partners include DLT Solutions and Presidio Government Solutions. The program will provide education, pre- and post-sale support, and certification processes for partners. It seeks to address the increasing cyber threats facing government and commercial sectors, driving growth and new revenue streams while enhancing security capabilities.
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