- WELL's Cybersecurity Business Unit, Cycura, has acquired
Seekintoo, a provider of Cybersecurity Operations Center services,
ensuring enterprise clients receive 24/7 vigilant threat protection
through managed detection.
- Cycura has also acquired Proack, a premier provider of
offensive security assessments, including high quality penetration
testing, red teaming, social engineering, and infrastructure
testing.
- WELL is pleased to announce new appointees to Cycura's
management team, including Paul
Morgan, Cycura's new CEO who previously served as
Seekintoo's CEO.
- Cycura now supports over 200,000 end-users, many of which
support mission critical healthcare functions, extends
cybersecurity protection to more than 10,000 servers, and serves
approximately 190 corporate and government entities across
North America.
VANCOUVER, BC and TORONTO, Oct. 26,
2023 /PRNewswire/ - WELL Health Technologies Corp.
(TSX: WELL) (OTCQX: WHTCF) ("WELL"), a digital healthcare
company focused on positively impacting health outcomes by
leveraging technology to empower healthcare practitioners and their
patients globally, is pleased to announce the acquisitions of
Seekintoo Ltd. ("Seekintoo") and Proack Security Inc.
("Proack") by WELL's Cybersecurity Business Unit,
Cycura.
Amir Javidan, Chief Operating
Officer of WELL, commented, "We are thrilled to welcome the
Seekintoo and Proack teams to Cycura. These acquisitions
demonstrate WELL and Cycura's steadfast commitment to safeguarding
patient trust and operational integrity. WELL has bolstered its
cybersecurity portfolio with two strategic, tuck-in acquisitions,
bringing onboard seasoned cybersecurity professionals in the
process, and strengthening our capability to serve over 190
corporate and government customers across North America."
Iain Paterson, Chief Security
Officer of WELL, stated, "Proactively identifying and mitigating
threats remains at the forefront of our cybersecurity roadmap.
These newly acquired capabilities signify our commitment to
protecting and further advancing the empowerment of patient health
information (PHI) at scale. As the digital landscape of healthcare
grows in complexity, we are investing in, and leveraging, AI
technology heavily in our cybersecurity programs both internally
and customer facing.
Paul Morgan, Cycura's new CEO,
commented, "I am very pleased to join the talented team at Cycura,
which includes industry veterans and professionals from Source 44,
and now, talented team members from Proack and Seekintoo. Given all
of the capabilities now contained at Cycura, one would be hard
pressed to find a more capable and proactive partner to protect
data. Our goal is to add Cycura to the list of $100 million/year in revenue businesses at WELL
over the next several years as we seek to build on the solid
foundation already built and amplify this special business to
further protect healthcare and other data all over North America."
The first acquisition, Seekintoo, provides Cyber Security
Operations Center services to enterprise clients, equipping them
with a managed detection responder service that assures 24/7
vigilant protection against threats. This acquisition closed
August 1st, and Seekintoo
is currently being integrated into Cycura. Paul Morgan, CEO of Seekintoo, joins WELL with
decades of industry and management expertise, and has been
appointed as the new CEO of Cycura.
Proack, WELL's second acquisition, is a premier provider of
offensive security assessments, specializing in penetration
testing, red teaming, social engineering, and infrastructure
testing. These strategic moves serve to enhance Cycura's
cybersecurity capabilities significantly, while also reinforcing
the commitment to maintaining patient trust and operational
integrity across all of WELL's businesses. Proack is set to be
integrated into the Cycura platform, with principals Craig Barretto and Yuk
Fai Chan anticipated to play a key role in advancing
offensive security initiatives. Both Mr. Barretto and Mr. Chan
bring decades of experience in cybersecurity consulting, threat
identification, and penetration testing to the team.
With targeted improvements in threat detection capabilities and
response strategies, Cycura is diligently working to enhance
cybersecurity support for over 200,000 end-users and extend
protective measures across more than 10,000 servers. This includes
thousands of physicians who can focus on providing care and know
that their patients' data is protected by Cycura's industry leading
solutions. WELL envisions the potential of AI-enabled cybersecurity
to further advance its growth strategies and defensive
capabilities, in collaboration with industry partners. This
positions the company to adapt and lead in a rapidly changing
environment. As the cybersecurity industry witnesses substantial
growth, driven by companies increasing their investments, WELL
remains optimistic about its ability to expand its business and
seize a greater market share within the sector.
WELL HEALTH TECHNOLOGIES CORP.
Per: "Hamed Shahbazi"
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
About WELL Health Technologies
Corp.
WELL's mission is to tech-enable healthcare providers. We do
this by developing the best technologies, services, and support
available, which ensures healthcare providers are empowered to
positively impact patient outcomes. WELL's comprehensive healthcare
and digital platform includes extensive front and back-office
management software applications that help physicians run and
secure their practices. WELL's solutions enable more than 31,000
healthcare providers between the US and Canada and power the largest owned and
operated healthcare ecosystem in Canada with more than 148 clinics supporting
primary care, specialized care, and diagnostic services. In
the United States WELL's solutions
are focused on specialized markets such as the gastrointestinal
market, women's health, primary care, and mental health. WELL is
publicly traded on the Toronto Stock Exchange under the symbol
"WELL" and on the OTC Exchange under the symbol "WHTCF". To learn
more about WELL, please visit: www.well.company/.
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SOURCE WELL Health Technologies Corp.