via NEWMEDIAWIRE -- SilverSun Technologies, Inc. (NASDAQ: SSNT)
provided an update today on its Cybersecurity-as-a-Service
business, which was launched in July 2018. The service is
provided by its wholly-owned subsidiary, Critical Cyber Defense
Corporation (“CCDC”), in partnership with CyberHat, a leading
Israeli Security Operations Center (SOC). This new
cybersecurity service offering enables partners and customers to
leverage our leading security operations teams to meet their
cybersecurity needs.
The services offered by CCDC and CyberHat include
security operations center (marketed under the tradename
“Cyrebro”), incident response, cybersecurity assessments, and
hacking simulations.
The service is particularly well suited for
customers in compliance-driven and regulated industries. As a
result, the Company identified several vertical markets to
initially address, including financial services, pension
administration, insurance, and the land and title sector.
The Company is pleased to announce that it has
secured several customers, as well as a growing number of resellers
within those target market segments. The initial closed
contracts represent contract values of approximately
$500,000. The sales pipeline, which includes various deals
that are in contract review, represents over $3 million in contract
values. CCDC projects continued growth of this new
business unit, both in terms of recurring revenues, reseller
partnerships and pipeline.
CCDC and CyberHat executives are negotiating to
become keynote speakers or other significant presenters at several
major industry events within these target markets. These
presentations will highlight how hackers and cyber thieves attack
companies within each sector and how to prevent and remediate
cyberattacks. Details regarding these events will be provided
once they have been finalized.
Mark Meller, CEO of the Company, stated, “Our
partnership with CyberHat is proving to be a strong offering in the
marketplace. CyberHat was recently identified by Forbes as
the Emerging Leader in cyber security/SOC services. We have
seen the SOC identify and remediate significant threats within our
own network environment and among our customers. We strongly
believe that this partnership offers a Fortune 500-level quality
service at prices that are affordable for the small- and
mid-markets. It has enabled SilverSun to expand its focus to
both new vertical market segments and to client profiles that will
benefit other areas of our businesses. We expect that the
opportunities to cross-sell and bundle our various services will be
substantial.”
Additional information on CCDC may be found on its
website at www.smartsoc.com
About SilverSun Technologies,
Inc.
We are a business application, technology and
consulting company providing strategies and solutions to meet our
clients' information, technology and business management needs. Our
services and technologies enable customers to manage, protect and
monetize their enterprise assets whether on-premise or in the
"Cloud". As a value added reseller of business application
software, we offer solutions for accounting and business
management, financial reporting, Enterprise Resource Planning
("ERP"), Warehouse Management Systems, Customer Relationship
Management, and Business Intelligence. Additionally, we have our
own development staff building software solutions for Electronic
Data Interchange, time and billing, and various ERP enhancements.
Our value-added services focus on consulting and professional
services, specialized programming, training, and technical support.
We have a dedicated network services practice that provides managed
services, cybersecurity, hosting, business continuity, cloud,
e-mail and web services. Our customers are nationwide, with
concentrations in the New York/New Jersey metropolitan area,
Chicago, Dallas, Arizona, Seattle, Greensboro, and Southern
California.Corporate
website: www.silversuntech.com
About CyberHat
CyberHat’s security solutions are designed,
executed and operated by elite Israeli cybersecurity
experts. Hackers, defenders and state level investigators with
state and corporate level experience. CyberHat provides
professional cybersecurity solutions that enable practical and
active defenses, allowing our clients to grow their business while
keeping a secure working environment.
Our experience comes from hands-on deep
cybersecurity forensic and post-mortem investigations, advanced
hacking simulations and cyber assessments for companies of all
sizes from Fortune 500 to small and medium-sized businesses.
CyberHat engineered, built and operates the world’s first “smart”
SOC called Cyrebro. CyberHat’s solutions are currently being
utilized by industry leaders in financial services, retail,
telecom, and energy and infrastructure organizations around the
world.
CyberHat’s corporate
website: www.cyberhatusa.com
Forward-Looking Statements
This news release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things our plans, strategies and
prospects -- both business and financial. Although we believe that
our plans, intentions and expectations reflected in or suggested by
these forward-looking statements are reasonable, we cannot assure
you that we will achieve or realize these plans, intentions or
expectations. Forward-looking statements are inherently subject to
risks, uncertainties and assumptions. Many of the forward-looking
statements contained in this news release may be identified by the
use of forward-looking words such as "believe," "expect,"
"anticipate," "should," "planned," "will," "may," "intend,"
"estimated," and "potential," among others. Important factors that
could cause actual results to differ materially from the
forward-looking statements we make in this news release include
market conditions and those set forth in reports or documents that
we file from time to time with the United States Securities and
Exchange Commission. All forward-looking statements attributable to
SilverSun Technologies, Inc. or a person acting on its behalf are
expressly qualified in their entirety by this cautionary
language.
Contact:
Mark Meller
SilverSun Technologies, Inc.
973-758-6108
meller@silversuntech.com
SilverSun Technologies (NASDAQ:SSNT)
Historical Stock Chart
From Aug 2024 to Sep 2024
SilverSun Technologies (NASDAQ:SSNT)
Historical Stock Chart
From Sep 2023 to Sep 2024