CynergisTek Finishes Year Strong, Closes Largest 2-Year Managed Service Contract for 2021
December 31 2021 - 9:30AM
Business Wire
Large healthcare payer/provider and long-standing six-year
client elevates its relationship with CynergisTek to include
advanced solutions to combat cyber threats
CynergisTek (NYSE American: CTEK), leading cybersecurity,
privacy, compliance, and IT audit firm helping organizations in
highly regulated industries navigate emerging security and privacy
issues, today announced that it has signed the largest multi
managed service contract of 2021 with a well-known managed care
organization that has been a client since 2015. This 7-figure
transaction expands on the partnership between CynergisTek and its
client to provide the company’s flagship tailored multiyear
Resilience Partner Program (RPP).
“We are pleased to announce that our company has just expanded
our relationship with a client who we have worked with for the last
six years, signing the largest multiyear contract of 2021,” said
Mac McMillan, CEO, and President at CynergisTek. “This agreement
represents our focus on our client relationships that build a
strong renewal pipeline and represents the value we give our
clients as the trusted partner for their cybersecurity, privacy,
and compliance needs year in and year out,” he says. CynergisTek
finishes Q4 by exceeding its goal for sales and posting the best
annual bookings performance in the past three years.
CynergisTek’s signature Resilience Partner Program is designed
to allow CynergisTek to work collaboratively with its clients to
build a tailored set of services designed to help protect clients
from cyber-related risks by building up their strategic defenses,
improving operational efficiencies, and validating their programs
work as expected. Under this Resilience Partner Program agreement,
CynergisTek will provide annual risk assessments, medical device
security, vendor security management, technical testing, and
security control validation services. These services help
healthcare organizations prioritize risk, maintain a constant eye
on vulnerabilities associated with the expanding threat landscape,
and ensure they have a strong and effective approach to risk that
responds every day.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211231005014/en/
CynergisTek Investor Relations Contact: CynergisTek, Inc.
Bryan Flynn (512) 402-8550 x7 InvestorRelations@cynergistek.com
CynergisTek Media Contact: Allison + Partners Jaime Tero
415-755-8639 jaime.tero@allisonpr.com
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