CynergisTek Ends Year Strong, Closes Largest 2-Year Managed Service Contract for 2021


Large Payer / Healthcare Provider and Long-Time Six-Year Client Elevates Relationship with CynergisTek to Include Advanced Solutions to Combat Cyber ​​Threats

AUSTIN, Texas, December 31, 2021– (BUSINESS WIRE) – CynergisTek (NYSE American: CTEK), a leading cybersecurity, privacy, compliance and IT audit firm helping organizations in highly regulated industries overcome emerging security and privacy issues, announced today ‘hui signing the largest service contract of 2021 with a well-known managed care organization that has been a client since 2015. This 7-figure transaction expands on the partnership between CynergisTek and its client to deliver the Resilience Partner Program flagship of the company.

“We are delighted to announce that our company has just expanded our relationship with a client we have worked with for the past six years, signing the largest multi-year contract of 2021,” said Mac McMillan, CEO and President by CynergisTek. “This agreement represents our focus on our customer relationships which build a strong renewal pipeline and represents the value we deliver to our customers as a trusted partner for their cybersecurity, privacy and compliance needs year after year.” , did he declare. CynergisTek ends the fourth quarter by exceeding its sales target and posting the best performance of annual reservations over the past three years.

CynergisTek’s Signature Resilience Partner Program is designed to enable CynergisTek to work collaboratively with its clients to create a bespoke set of services designed to help protect clients from cyber risks by strengthening their strategic defenses, improving operational efficiency and by validating the operation of their programs as expected. As part of this resilience partnership program agreement, CynergisTek will provide annual risk assessments, medical device safety, vendor safety management, technical testing, and safety control validation services. These services help healthcare facilities prioritize risk, keep a constant eye on vulnerabilities associated with the changing threat landscape, and ensure they have a robust and effective approach to risk that responds every day.

About CynergisTek, Inc.

CynergisTek (www.cynergistek.com) is a leading cybersecurity consulting firm that helps organizations in highly regulated industries, including healthcare, government, and finance, manage emerging security and safety issues. confidentiality. CynergisTek combines intelligence, expertise, and a distinct methodology to validate an organization’s security posture and ensure the team is trained, prepared, and resilient against threats. Since 2004, CynergisTek has been dedicated to hiring and retaining experts who bring first-hand experience and hold advanced certifications to support and educate the industry by contributing to relevant industry associations. For more information, visit www.cynergistek.com or follow us on Twitter or Linkedin.

Caution regarding forward-looking statements

This press release contains certain forward-looking statements relating to the business of CynergisTek, Inc. These forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and can be identified by the use of forward-looking terminology such as “believes”, “expects”, “anticipates”, “would”, ” could “,” intends “,” may “,” will “or similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, including, but not limited to, uncertainties relating to product / service development; long and uncertain sales cycles; the ability to obtain or maintain exclusive intellectual property protection; future capital needs; competition from other suppliers; the ability of the Company’s suppliers to continue to provide the Company with supplies and services on comparable terms and prices; the Company’s ability to compete successfully and introduce enhancements and new features that are accepted by the market and keep pace with technological developments; the Company’s ability to maintain its brand and reputation and to retain or replace its major customers; cybersecurity risks and the risks of damage and disruption of computer systems; the Company’s ability to retain key officers and successfully integrate new officers; the Company’s ability to make acquisitions, strategic investments, entry into new lines of business, divestments, mergers or other transactions on acceptable terms, if at all; the potential risks and uncertainties associated with the current and ultimate impact of COVID-19, including the geographic spread, the severity of the virus, the duration of the COVID-19 outbreak, the measures that may be taken by the authorities governments to contain the COVID-19 outbreak or to address its impact, and the potential negative impacts of COVID-19 on the global economy and financial markets, and other factors that may cause actual results to differ materially from those described here as anticipated, assumed, estimated or expected. Certain of these risks and uncertainties are or will be described in more detail in Forms 10-K and 10-Q filed by the Company with the Securities and Exchange Commission, available at http://www.sec.gov. Given the risks and uncertainties, readers should not place undue reliance on forward-looking statements and should recognize that statements are predictions of future results which may not turn out as expected. Many of the risks listed above have been and could be further exacerbated by the COVID-19 pandemic, including its impact on the healthcare sector. Actual results could differ materially from those anticipated in forward-looking statements and from historical results, due to the risks and uncertainties described in this document, as well as others not currently anticipated. CynergisTek has no obligation (and expressly disclaims any such obligation) to update or modify its forward-looking statements, whether as a result of new information, future events or otherwise.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211231005014/en/

Contacts

CynergisTek Investor Relations Contact:
CynergisTek, Inc.
Bryan flynn
(512) 402-8550 x7
InvestorRelations@cynergistek.com

CynergisTek media contact:
Allison + Partners
Jaime Tero
415-755-8639
jaime.tero@allisonpr.com

Previous CFO Marks 4 Decades of Service with Coffee Table Book
Next Major cryptocurrency service providers raided for massive GST evasion | Indiafleurit