TalaTek Announces Merger Agreement with Cerberus
FedRAMP-authorized risk management provider now a wholly owned subsidiary of Cerberus Sentinel
TYSONS CORNER, Va., July 21, 2020 – TalaTek, an integrated risk management firm, announced a definitive merger agreement with Cerberus Cyber Sentinel Corporation (OTC: CISO), a cybersecurity consulting and managed services company.
Under the terms of the transaction, TalaTek is now a wholly-owned subsidiary of Cerberus Sentinel and will continue to focus on providing integrated risk management services to the federal government and private sector, including delivering risk assessments, IT audits, cybersecurity services and managed compliance services through its software-as-a-service TiGRIS platform, the first FedRAMP-authorized GRC solution.
With the new organizational structure, TalaTek president and founder, Baan Alsinawi is also a Managing Director for Cerberus Sentinel.
“With our strong growth trajectory, we expect the combination of TalaTek and Cerberus Sentinel to accelerate our progression of becoming a leading provider of risk management services for the federal government and small to mid-sized businesses,” said Alsinawi. “Our people, processes and technology offer clients an unmatched option for delivering risk management services that are tied to business outcomes. Our holistic approach continues to set us apart from other firms; in fact, this is what attracted Cerberus to us.”
“TalaTek is an excellent fit for the Cerberus portfolio of companies,” said David Jemmett, CEO and founder of Cerberus Sentinel. “TalaTek’s attractive model for managed security services and consulting services with a focus on the federal government and related security standards provides a clear and synergistic fit with our culture and business. Their technology, people and processes are second to none, and we look forward to growing our business through this valuable combination.”
TalaTek continues to be based in northern Virginia and has plans to grow its staff of 25.
As part of its focus on serving both the federal government and the small to mid-size business (SMBs) market, TalaTek recently announced that it plans to add the necessary credentials to offer Cybersecurity Maturity Model Certification (CMMC) assessment and certification services to help SMBs in their bid to become compliant with the Department of Defense’s newly evolving standard.
TalaTek is a member of Authorized To Operate (ATO) on AWS, providing consulting services to organizations seeking to achieve FedRAMP and FISMA compliance. In addition, TalaTek’s flagship managed compliance solution, the TalaTek intelligent Governance and Risk Integrated Solution (TiGRIS), is available as a managed service on the AWS Marketplace.
“TalaTek will further enable our differentiation in the marketplace. We stand apart from our competition in that we offer unmatched expertise and experience developing strategies and implementing programs that best secure and protect client data,” Jemmett added.
Alsinawi, co-managing director of the Girls in Tech, D.C. chapter, will continue to serve in this capacity as she looks to mentor local women who are interested in STEM careers and in providing leadership to grow the local chapter.
About TalaTek
TalaTek delivers governance, risk management, and compliance (GRC) solutions with a focus on people, processes and technology. By defining governance through risk and compliance goals that are tied to business outcomes, the cybersecurity firm provides a secure foundation to strategically protect an organization’s data and meet ever-expanding regulatory compliance and audit requirements. Through TiGRIS, a FedRAMP-authorized software as a service, TalaTek simplifies GRC for business and government. Visit www.talatek.com for more information or follow the company on Twitter and LinkedIn.
About Cerberus Sentinel
Cerberus Sentinel is a provider of consulting and managed services, focused solely on cybersecurity. Based in Scottsdale, Arizona, the company seeks to expand by acquiring world-class cybersecurity talent and utilizes the latest technology to create innovative solutions that protect the most demanding businesses and government organizations against continuing and emerging security threats. Visit www.cerberussentinel.com for more information or follow the company on Twitter and LinkedIn.
Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements involve substantial uncertainties and risks and are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including, but not limited to, our reliance on, and our ability to grow our client base, Cerberus’ ability to continue to acquire and integrate synergistic companies, Cerberus’ ability to achieve and maintain overall profitability, the sufficiency of working capital to realize our business plans, our ability to retain key employees, competition in the cybersecurity services space and the risks and uncertainties discussed under the heading “RISK FACTORS” in Item 1A of Cerberus’ Annual Report on Form 10-K for the fiscal year ended December 31 2019, and in Cerberus’ other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
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