CISO Global Creates vCISO LLC to Hold Intellectual Property
May 15 2023 - 6:35PM
via IBN -- CISO Global (NASDAQ: CISO), an industry leader as a
managed cybersecurity and compliance provider, based in Scottsdale,
Ariz., announced that it has formed vCISO LLC to own and
out-license certain intellectual property of the company. The ARGO
Security Management Platform will be the first asset moved to the
wholly owned subsidiary.
“Over the course of 17 acquisitions, we have brought together
some amazing talent that has developed game-changing
security solutions,” said David Jemmett, CEO and founder of CISO
Global. “We have been enhancing, testing and deploying these
solutions to ensure their efficacy and efficiency.”
ARGO provides a holistic view of a company’s information
security program on a single pane of glass. Designed to empower
both security professionals and non-technical executives with
real-time data to see how vital components of their security
program are performing, ARGO has been successfully deployed on
customer networks.
“The cybersecurity talent shortage makes it challenging for
organizations to build resiliency against cyber threats,” said
Ashley Devoto, President and Chief Information Security Officer of
CISO Global. “The products we are bringing to market are designed
to enable and differentiate our services so our clients keep pace
with the evolving threat landscape. With ARGO, we deliver an
always-on cybersecurity platform backed by our experts who work as
an extension of client teams.”
CISO expects to move additional intellectual property to vCISO
LLC on an ongoing basis.
“The creation of vCISO will allow CISO Global to continue to
focus on delivering world class security services while recognizing
the value of the intellectual property for our shareholders,” said
Jemmett.
About CISO Global
CISO Global 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 belief in the capabilities of the ARGO
Security Management Platform; our belief in the value of CISO’s
intellectual property; and our belief in the design and capability
of the products that CISO is bringing to market. 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, 2022 and the
Quarterly Report on Form 10-Q for the quarter ended March 31, 2023.
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.
Corporate CommunicationsIBN (InvestorBrandNetwork) Los
Angeles, California www.InvestorBrandNetwork.com 310-299-1717
Office Editor@InvestorBrandNetwork.com
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