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SCOTTSDALE, AZ - CISO Global Inc. (NASDAQ:CISO), a $41 million market cap cybersecurity company currently trading at $1.15, announced Thursday an alliance with Financial Independence Group (FIG) through its partnership with Cyber Assurance Group Incorporated (CAGI) to distribute its CHECKLIGHT cybersecurity product. According to InvestingPro analysis, CISO appears undervalued at current levels, though investors should note the company’s weak financial health score.
The alliance will integrate "CyberSimple powered by CHECKLIGHT" into FIG’s advisor portal, which serves thousands of wealth advisors. According to the company’s press release statement, this opens an estimated $2 billion market opportunity in the PEO and Financial Management sector. This potential market expansion is particularly significant given CISO’s current annual revenue of $29.89 million and modest gross profit margin of 18.68%.
The cybersecurity solution will include a $1.5 million warranty and will be incorporated into FIG’s platform that currently supports stock trading, wealth management tracking, and insurance solutions.
"Cyber protection for financial services firms and their retail clients is the most important planning needed today," said Nicholas Ross, Chief Strategy Officer at FIG.
CISO Global will provide instructional video tutorials to help FIG’s advisors and clients with installing CHECKLIGHT and managing cybersecurity alerts.
David R. Bechtel, CEO of CAGI, described CyberSimple as "the most cost-effective and user-friendly route to cyber financial protection available on the market today."
This announcement builds on CISO Global’s previously announced strategic partnership with Cyber Assurance Group.
FIG manages over 1.5 million clients across the United States, offering wealth management solutions, insurance, and business acceleration tools to financial advisors.
CISO Global, headquartered in Scottsdale, Arizona, provides AI-powered cybersecurity software, managed cybersecurity, and compliance services. The company’s stock has shown significant volatility, with InvestingPro data revealing over 12 key investment factors, including detailed financial health metrics and growth indicators, available to subscribers.
In other recent news, CISO Global has reiterated its financial guidance for the current fiscal year, projecting $35 million in cybersecurity service revenues and $5 million in software bookings. The company has also achieved a significant milestone by fully satisfying convertible notes held by Target Capital 14, LLC and Secure Net Capital, LLC, bolstering its balance sheet. Additionally, CISO Global forecasts $34 million in adjusted EBITDA profitable revenue for 2025, reflecting its shift to a software-centered business model. The firm has managed to integrate 13 acquired service businesses, enhancing operational efficiencies and improving financial margins. In terms of compliance, CISO Global has met all NASDAQ listing standards, although it recently received a notification about not meeting the minimum bid price requirement, with a deadline set for October 27, 2025, to regain compliance. Shareholders have approved the election of directors and ratified Semple, Marchal & Cooper, LLP as the company’s independent accountants for the fiscal year ending December 31, 2024. These developments underscore CISO Global’s strategic initiatives and financial discipline as it continues to navigate the cybersecurity landscape.
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