CynergisTek’s Second Quarter Renewals and Contract Expansions Exceed Firm’s Expectations
10 Mai 2019 - 2:00PM
Business Wire
Leading Cybersecurity Firm Sees Increased
Market Demand for Managed Service Solutions
CynergisTek, Inc. (NYSE AMERICAN: CTEK), a leader in
healthcare cybersecurity, privacy, and compliance, today announced
that it has experienced a strong start to the second quarter by
experiencing a 100% renewal rate for its Compliance Assist
Partner Program (CAPP) customer contracts, including several
hospitals such as Martin Luther King Jr. Community Hospital in Los
Angeles, CA and Legacy Community Health in Houston, TX.
Additionally, several of CynergisTek’s CAPP customers expanded
their relationship by adding on additional privacy and
cybersecurity services and offerings, including Patient Privacy
Monitoring Services (PPMS) and Virtual Chief Information Security
Officer (vCISO). This 100% renewal rate and service expansion
highlights the value and benefit CynergisTek continues to provide
to healthcare entities on an ongoing basis.
Ransomware and cyberattacks are on the rise, with constantly
expanding attack methods and impact capabilities; healthcare is one
of the top targets. In fact, a recent study showed healthcare
companies currently report one-in-four of all cyberattacks in the
United States. It is for this reason that hospitals and health
systems across the nation—from smaller, private hospitals, to
larger, multi-hospital health systems serving millions of
customers—continue to look to CynergisTek as a trusted partner to
help strengthen and maintain privacy, security, and compliance
programs.
“Cybersecurity threats affect all entities across the healthcare
ecosystem and we do not see any signs of this slowing down—in fact,
this year we have already seen greater demand for our offerings and
strong interest in our newer service offerings like medical device
managed security services,” said Mac McMillan, CEO and President,
CynergisTek. “Provider organizations often don’t have the resources
they need to protect their organization from complex cyberattacks
on their own, requiring them to lean on the assistance of a
reliable security partner. CynergisTek is that trusted partner
organizations are looking for; we have the proven experience and
capabilities to provide our customers with the security,
compliance, and privacy services they truly need so that they can
focus on the core mission of providing superior patient care.”
CynergisTek’s CAPP provides privacy, security, and compliance
expertise to help healthcare organizations mature security programs
through routine assessments, testing, and ongoing advisory
services. Working with CynergisTek, provider organizations can
access the critical support needed to supplement internal resources
in order to deploy and maintain successful cybersecurity and
privacy programs.
About CynergisTek, Inc,.
CynergisTek is a top-ranked cybersecurity, privacy, and
compliance management consulting firm dedicated to serving the
healthcare industry. CynergisTek offers specialized services and
solutions to help organizations achieve privacy, security, and
compliance goals. Since 2004, the company has served as a partner
to hundreds of healthcare organizations and is dedicated to
supporting and educating the industry by contributing to relevant
industry associations. The company has been named in numerous
research reports as one of the top firms that provider
organizations turn to for privacy and security and won the 2017
Best in KLAS award for Cyber Security Advisory Services.
Forward-Looking Statements
This release contains certain forward-looking statements
relating to the business of CynergisTek that can be identified by
the use of forward-looking terminology such as “believes,”
“expects,” “anticipates,” “may” or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including uncertainties relating to product/service
development, long and uncertain sales cycles, the ability to obtain
or maintain patent or other proprietary intellectual property
protection, market acceptance, future capital requirements,
competition from other providers, the ability of our vendors to
continue supplying the company with equipment, parts, supplies and
services at comparable terms and prices and other factors that may
cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
Certain of these risks and uncertainties are or will be described
in greater detail in our Form 10-K and Form 10-Q filings with the
Securities and Exchange Commission, which are available at
http://www.sec.gov. CynergisTek is under no obligation (and
expressly disclaims any such obligation) to update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190510005094/en/
Investor Relations Contact:CynergisTek, Inc.Bryan
Flynn(512) 402-8550 x8InvestorRelations@cynergistek.com
Media Contact:Aria MarketingDanielle Johns(617) 332-9999
x241djohns@ariamarketing.com
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