CynergisTek, Inc. provides cyber security, privacy, and compliance services in the United States. The company offers assessment and audit, technical testing, remediation, management, and validation services. It serves primarily in the healthcare industry, as well as education, financial services, government, internet and media, and manufacturing industries under the CynergisTek, Redspin, and Backbone Consulting brands. The company was formerly known as Auxilio, Inc. and changed its name to CynergisTek, Inc. in September 2017. CynergisTek, Inc. was incorporated in 1995 and is based in Austin, Texas.
IPO Year: 2017
Exchange: AMEX
Website: cynergistek.com
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CynergisTek, Inc. (NYSE:CTEK), ("CynergisTek"), a leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, today announced that its stockholders have voted to approve the previously announced merger agreement dated May 23, 2022 ("Merger Agreement") with Clearwater Compliance LLC ("Clearwater"), a healthcare focused cybersecurity, compliance, and risk management solutions firm, and approval of the proposed merger contemplated by the Merger Agreement in an all cash transaction that values CynergisTek at approximately $17.7 million (the "Merger"). CynergisTek today held its virtual special
VANCOUVER, British Columbia, Aug. 22, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSXV:DMGI) (OTC:DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and cryptocurrency technology company, announces John D. (J.D.) Abouchar has been appointed as a new independent Board Director and member of the Audit Committee. DMG also announces that independent Board Director, Nick Seto has resigned, effective August 22, 2022. Mr. Seto has served on DMG's board for three years and has stepped into a new consulting role for DMG. We thank him for his service since DMG's early days of mining. Mr. Abouchar brings a wealth of experience to the DMG board. He is th
CynergisTek to provide its Data Privacy Compliance services to support ongoing data collection and processing activities CynergisTek, Inc. (NYSE:CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces a well-known medical device manufacturer is renewing multiple Data Privacy and Compliance contract extensions worth over $300,000. The globally recognized organization is extending its seven-year relationship with CynergisTek into 2023 to support its operations in 150 countries. CynergisTek is providing its long-standing client with robust Data Privacy Program Support se
CynergisTek's Resilience Partner Program helps well-known healthcare system strengthen their cybersecurity defenses CynergisTek, Inc. (NYSE:CTEK) ("CynergisTek"), a leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces it has signed a six-figure, multi-year Resilience Partner Program (RPP) agreement to provide cybersecurity risk assessments, penetration testing, technical assessments, medical device security, and advisory services to a southwest healthcare system with over 25 community locations. CynergisTek's Resilience Partner Program is designed to assist organizations
Special meeting of stockholders to be held on August 31, 2022 at 3:00 p.m. Central Time for stockholders to consider and vote on the proposed merger and merger agreement CynergisTek, Inc. (NYSE:CTEK) ("CynergisTek"), a leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, today announced that it has filed a Definitive Proxy Statement on Schedule 14A (the "Proxy Statement") with the Securities and Exchange Commission ("SEC") and established July 15, 2022 as the record date (the "Record Date") for its special meeting of stockholders (the "Special Meeting") to be held to, among other th
CynergisTek to provide its flagship Compliance Assist Partner Program (CAPP) and Vendor Security Management (VSM) services to leading Academic Medical System CynergisTek, Inc. (NYSE:CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces a multi-year extension with a 500+ bed, academic medical center in California. Through this ongoing partnership, CynergisTek will provide this client with its signature Compliance Assist Partner Program (CAPP) service. This service is designed to provide consistent engagement through cybersecurity managed services such as an enterprise
CynergisTek to provide its flagship Compliance Assist Partner Program (CAPP) and Vendor Security Management (VSM) services to well-known west coast medical center CynergisTek, Inc. (NYSE:CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces a well-known medical center with 390+ beds has signed two contracts totaling over $300,000 for a three-year managed service renewal and a Vendor Security Management renewal. CynergisTek will provide this client with its signature Compliance Assist Partner Program (CAPP) service, which will include continuing cybersecurity services
CynergisTek, Inc. (NYSE:CTEK) ("CynergisTek"), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces the expiration of the Excluded Party "go-shop" period set forth in the previously announced merger agreement ("Merger Agreement") with Clearwater Compliance LLC (collectively with its affiliates, "Clearwater"), a healthcare focused cybersecurity, compliance, and risk management solutions firm, in an all cash transaction that values CynergisTek at approximately $17.7 million. All capitalized but undefined terms used herein have the meanings given in the Merger Agreement. As p
CynergisTek, Inc. (NYSE:CTEK) ("CynergisTek"), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces the expiration of the initial "go-shop" period set forth in the previously announced merger agreement ("Merger Agreement") with Clearwater Compliance LLC (collectively with its affiliates, "Clearwater"), a healthcare focused cybersecurity, compliance, and risk management solutions firm, in an all cash transaction that values CynergisTek at approximately $17.7 million. All capitalized but undefined terms used herein have the meanings given in the Merger Agreement Consistent w
CynergisTek to provide additional support in safeguarding sensitive information to a top leader in children's health CynergisTek, Inc. (NYSE:CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces a six-figure extension contract for a west coast pediatric healthcare system for risk assessment, promoting interoperability security controls assessment, vendor security management, and incident response readiness services. Healthcare organizations are becoming increasingly aware of the need to ensure greater due diligence in understanding their security posture and risks f
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Live Leadership Updates
CynergisTek, Inc. (NYSE:CTEK), a leader in healthcare cybersecurity, privacy, and compliance, today announces the appointment of healthcare veteran, Tim McMullen, to the position of Chief Operating Officer. McMullen was most recently president of provider solutions at EMIDS Technology, a leading provider of digital transformation solutions to the healthcare industry, serving payers, providers, life sciences, and technology firms. "I am excited to join the CynergisTek team. What I found most compelling was the team's undisputed reputation in the healthcare cybersecurity, privacy, compliance, and IT audit space, and their recent leadership position providing Cybersecurity Maturity Model Cert
CynergisTek, Inc. (NYSE:CTEK), a leader in cybersecurity, privacy, and compliance, today announced that it has appointed John Flood to its board of directors. John was a founding partner of Craig-Hallum Capital Group ("Craig-Hallum"), an equity research, trading, and investment banking firm supporting the company's visibility in the public market, on their access to high-quality institutional investors, and their stock's liquidity and trading profile. At Craig-Hallum, Mr. Flood led the investment banking and institutional equity sales teams. He was also a member of the firm's board of governors, and executive, research, banking, and M&A committees. Mr. Flood will be added to the audit commi
CynergisTek, Inc. (NYSE:CTEK), a leader in healthcare cybersecurity, privacy, and compliance, today announced the re-appointment of the Company's founder, Mac McMillan, to the positions of Chief Executive Officer and President effective immediately. Mr. Barlow will stay on for the next 30 days to support the transition. "I want to thank Caleb Barlow for his leadership through a very difficult period during the pandemic and his efforts to support our diversification strategy with CynergisTek being the first organization to successfully pass the Cybersecurity Maturity Model Certification (CMMC) Level 3 certification as an Authorized CMMC Third Party Assessor Organization (C3PAO). Caleb has p
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Live finance-specific insights
CynergisTek, Inc. (NYSE:CTEK) (the "Company" or "CynergisTek"), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three months ended March 31, 2022. First Quarter Summary of Financial Results for Q1 2022 compared to Q1 2021: Revenue increases 12% to $4.7 million compared to $4.2 million. Gross margin improves to 40% compared to 38%, after adjusting Q1 2021 for the employee retention credits. Net loss was unchanged at $0.9 million. Adjusted EBITDA loss was unchanged at $0.6 million. First Quarter 2022 Operational Highlights 22% increase in sequential revenue growth since Q3 2021 through Q1 2022. 32% increase in professional services
CynergisTek (NYSE:CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, today announced that management will host a conference call at 4:30 p.m. Eastern Time on Monday, May 16, 2022, to discuss first-quarter 2022 financial results. The results will be released prior to the call. Date: Monday, May 16, 2022 Time: 4:30 p.m. ET / 1:30 p.m. PT U.S.: 1-888-394-8218 International: 1-786-789-4776 Conference ID: 8001259 Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=W6CXE7Cj A replay of the call will be available from 7:30 p.m. ET on May 16, 2022 to 11:59 p.m.
CynergisTek, Inc. (NYSE:CTEK) (the "Company" or "CynergisTek"), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three and twelve months ended December 31, 2021. Q4 and Full Year 2021 Operational Highlights 16% sequential revenue growth and 4% improvement to gross margins from Q3 to Q4 2021. 23% increase in bookings in the second half of the year when compared to the first. 15% increase of presold revenue to $20.0 million from Q1 to Q4 2021. 43 new customers added during the year. "Our focus in the second half of the year was on sales and operational improvements that would drive growth," said Mac McMillan, President and CEO of Cynergi
CynergisTek (NYSE:CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, today announced that management will host a conference call at 4:30 pm Eastern Time on Thursday, March 24, 2022, to discuss fourth-quarter and full-year 2021 financial results. The results will be released prior to the call. Date: Thursday, March 24, 2022 Time: 4:30 pm ET / 1:30 pm PT U.S.: 1-888-256-1007 International: 1-786-789-4783 Conference ID: 1507111 Webcast: https://themediaframe.com/mediaframe/webcast.html?webcastid=E6g5IJjw A replay of the call will be available from 7:30 PM ET on March 24, 202
CynergisTek, Inc. (NYSE:CTEK) (the "Company" or "CynergisTek"), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three and nine months ended September 30, 2021. Q3 2021 Operational Highlights Bookings for the quarter up 16% from prior year and 24% year to date. 17 new customers added during the quarter. After a Q3 raise of $1.4 million Company suspended and is in the process of terminating the ATM equity distribution agreement in light of progress with recent post-pandemic growth initiatives. "It has been a busy few months since my return with the roll out of our Resilience Partner Program that added six new multiyear clients, including
CynergisTek, Inc. (NYSE:CTEK), a leader in healthcare cybersecurity, privacy, and compliance, today announced that management will host a conference call on Thursday, November 11, 2021 at 4:30 pm Eastern Time to discuss third-quarter 2021 financial results. The results will be released prior to the call. Date: Thursday November 11, 2021 Time: 4:30 pm ET / 1:30 pm PT U.S.: 1-866-269-4260 International: 786-204-3977 Conference ID: 8966580 Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1510488&tp_key=2205529a4d A replay of the call will be available from Thursday November 11, 2021, 7:30 PM ET to Thursday November 18, 2021, 11:59 PM ET. To access the replay, please dial 1-844-512-2921
CynergisTek, Inc. (NYSE:CTEK), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three and six months ended June 30, 2021. Q2 2021 Operational Highlights First Authorized Certified Third-Party Assessor Organization approved to provide CMMC assessments. CynergisTek also recently certified as a Licensed Training Provider. CynergisTek's revenue pipeline strengthened with bookings increasing 70% over prior year and 24% sequentially Gross margin improved to 33% from cost reduction initiatives (46% including benefit of the Employee Retention Tax Credit). Net loss improved year over year to $0.1 million ($0.00 per share) from $2.5 million ($0.23
CynergisTek, Inc. (NYSE:CTEK), a leader in cybersecurity, privacy, and compliance, today announced financial results for the three months ended March 31, 2021. Recent Operational Highlights Recently announced a $1.4 million renewal and expansion of services at a large regional hospital system. Recently announced the first CMMC project with Pacific Medical Centers. Gross margin improved to 39% from cost reduction initiatives, excluding the benefit of the Employee Retention Credit. Net loss improved year over year to $0.9 million ($0.08 per share) from $1.9 million ($0.18 per share). Adjusted EBITDA improved to a loss of $0.6 million from $1.4 million. "Budgets are returning, pri