Cerberus Sentinel to acquire RAN Security
January 10 2023 - 8:05AM
via InvestorWire -- Cerberus Sentinel (NASDAQ: CISO), an
industry leader as a managed cybersecurity and compliance provider,
based in Scottsdale, Ariz., announced that it has signed a
definitive agreement for the acquisition of RAN Security, a
cybersecurity company with headquarters in Buenos Aires, Argentina,
and offices in Chile, Peru, Bolivia, and Paraguay. Under the terms
of the agreement, RAN Security will become a wholly owned
subsidiary of Cerberus Sentinel. The transaction is expected to
close later in the year, subject to the satisfaction of customary
closing conditions, including applicable regulatory approvals.
RAN Security provides a broad range of secured managed services
to organizations across South America. Roberto Tursi, CEO, will
continue to manage the company's team of professionals and will
work closely with the leadership team in Latin America.
“RAN Security expands our growth strategy in Latin America and
adds to our SOC/managed detection and response services,” said
David Jemmett, CEO and founder of Cerberus Sentinel. “Cybersecurity
requires global capabilities to properly address the security
demands of businesses and organizations. RAN Security is an
excellent cultural fit with the Cerberus Sentinel family of
companies.”
“We are excited to join forces with Cerberus Sentinel and
lead the future revolution of new security services,” said Roberto
Tursi, RAN Security founder and CEO. “We believe joining the
Cerberus Sentinel family of companies will result in our ability to
deliver a more trusted security experience. Innovation, quality of
services, and knowledge are values that we share with Cerberus
Sentinel.”
RAN Security will continue to be based in Argentina. It is part
of a growing network of companies acquired by Cerberus Sentinel in
Latin America, including Arkavia, CUATROi, and NLT, to meet the
cybersecurity needs of organizations across the continent.
Cerberus Sentinel announced plans on Dec. 22 for a corporate
rebrand and launch. At the heart of the rebranding is a change of
the company name to CISO Global, Inc., website, and an update to
its corporate logo. The new brand identity marks another major
milestone in the evolution of Cerberus Sentinel, embodies the
enthusiasm of its employees, and it is indicative of a company on
the move.
Reflecting its growth since 2019 on three continents, including
North America, South America, and Europe, Cerberus Sentinel leaders
believe that creating a strong parent brand in the marketplace is
essential while ensuring the new identity matches the global
enterprise the company is actively becoming.
About Cerberus Sentinel
Cerberus Sentinel 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.
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 expectation regarding the closing of the
RAN Security acquisition; our expectation that the CEO of RAN
Security will continue to manage the company’s team of
professionals and will work closely with the leadership team in
Latin America; our belief that RAN Security expands our growth
strategy in Latin America and adds to our SOC/managed detection and
response services; our belief that cybersecurity requires global
capabilities to properly address the security demands of businesses
and organizations; our belief that RAN Security is an excellent
cultural fit with the Cerberus Sentinel family of companies; our
belief that we will lead the future revolution of new security
services; the belief that RAN Security joining the Cerberus
Sentinel family of companies will result in the ability to deliver
a more trusted security experience; our plans for a corporate
rebranding and launch; and our belief that creating a strong parent
brand in the marketplace is essential while ensuring the new
identity matches the global enterprise the company is actively
becoming. 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, 2021 and the Quarterly Report on Form 10-Q
for the quarter ended June 30, 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.
Company Contact:Neil Stinchcombe, CMOCerberus Sentinel
480-500-7294Neil.Stinchcombe@cerberussentinel.com
Public Relations Contact:Cathy Morley FosterEskenzi
PR925-708-7893cathy@eskenzipr.com
Corporate CommunicationsIBN (InvestorBrandNetwork) Los
Angeles, California www.InvestorBrandNetwork.com 310-299-1717
Office Editor@InvestorBrandNetwork.com
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