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CISO Global brings AI to $50 Billion Insurance Market with Cyber Assurance Group Strategic Partnership to Deliver Innovative Cyber Technology and Insurance Solutions
Newsfilter· 2025-04-17 12:30
Core Insights - CISO Global has announced a strategic partnership with Cyber Assurance Group to launch CyberSimple, a solution aimed at providing cybersecurity and financial protection specifically for small and medium-sized businesses (SMBs) [1][4] - The CyberSimple offering combines advanced cybersecurity measures with accessible cyber insurance, addressing the gap in protection for SMBs that often lack adequate resources [2][4] Company Overview - CISO Global is a leader in AI-powered cybersecurity software and compliance services, headquartered in Scottsdale, Arizona [5] - The company’s CHECKLIGHT® platform offers 24/7 protection against advanced cyber threats, including zero-day attacks, and is designed to be affordable for SMBs [3][5] Market Context - The global cyber insurance market is projected to exceed $50 billion by 2030, with a compound annual growth rate (CAGR) of 25%, driven by increasing cyber threats and regulatory pressures [4] - There is a growing demand for integrated solutions like CyberSimple, which provide both cybersecurity and financial coverage for SMBs [4] Product Details - CyberSimple includes CHECKLIGHT®, which is an AI-powered endpoint detection and response (EDR) platform that offers continuous protection [3] - The solution is tailored to meet the specific needs of SMBs, making it simple and affordable [3]
CISO Global Eliminates Convertible Debt as Profitability Fuels Investor Confidence
Globenewswire· 2025-04-04 13:15
Core Viewpoint - CISO Global, Inc. has achieved a significant financial milestone by fully satisfying its convertible notes, enhancing its balance sheet and reinforcing investor confidence through the announcement of unaudited Adjusted EBITDA profitability [1][2][3] Financial Developments - The company has fully satisfied convertible notes held by Target Capital 14, LLC and Secure Net Capital, LLC, marking a major financial achievement [1] - CISO Global has $7 million in convertible notes that have been extended on existing terms, held by a Company Advisory Board member and Hensley Beverage Company [2] - The company is now profitable on an unaudited Adjusted EBITDA basis and plans to repay the convertible notes over time through cash flow [2] Strategic Focus - CISO Global aims to expand recurring revenue through software sales to existing customers and channel partners, leveraging its strong balance sheet [3] - The company is committed to executing its growth strategy and maximizing shareholder value while delivering industry-leading cybersecurity solutions [3] Company Overview - CISO Global, Inc. is recognized as a leader in AI-powered cybersecurity software and managed security services, providing comprehensive solutions to protect organizations from cyber threats [4]
CISO Global achieves profitability
Globenewswire· 2025-03-27 12:30
expects at least $34 million in adjusted EBITDA profitable revenue in 2025 Scottsdale, Ariz., March 27, 2025 (GLOBE NEWSWIRE) -- CISO Global, Inc. (NASDAQ: CISO), an industry leader in AI powered security software, managed cybersecurity, and compliance announced today that the company has achieved a significant profitability milestone in its transformation from a pure cyber services business to a software-led, services-backed enterprise. The company reached unaudited Adjusted EBITDA positivity in the last q ...