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SCOTTSDALE, Ariz. - CISO Global, Inc. (NASDAQ: CISO), a company specializing in AI-powered security software, managed cybersecurity, and compliance, has announced the release of its new product, CISO Edge, to its existing customer base and channel partners. This AI-driven cloud security solution is designed to cater to the needs of large enterprises, government agencies, and high-value networks, providing protection against advanced cyber threats such as ransomware, nation-state attacks, and AI-powered exploits. According to InvestingPro data, CISO has demonstrated strong revenue growth of nearly 35% over the last twelve months, though the company currently trades below its Fair Value.
CISO Edge is part of the company’s proprietary cybersecurity suite, which was previously valued at $50 million. The new product itself has an independent valuation of $30 million and is positioned as a significant investment in next-generation threat intelligence, real-time attack mitigation, and proactive security monitoring. With a current market capitalization of approximately $13.4 million, InvestingPro analysis reveals the company maintains a relatively low revenue valuation multiple, suggesting potential upside opportunity for investors seeking exposure to the cybersecurity sector.
David Jemmett, CEO of CISO Global, emphasized the importance of evolving security solutions alongside the rapidly changing threat landscape. "CISO Edge was designed to meet the cybersecurity demands of large-scale enterprises, providing AI-powered, cloud-first protection that stops advanced cyber threats before they can disrupt business operations," he stated.
The product has undergone extensive testing in real-world environments, including a notable demonstration at the 2024 annual Black Hat USA and DEF CON 32 cybersecurity conferences in Las Vegas, where it successfully blocked over 87,000 cyberattacks in a span of six hours without a single breach.
With the launch of CISO Edge, CISO Global aims to strengthen its market presence and drive shareholder value by tapping into the growing AI-driven security market. The company is known for offering tailored services to ensure the security and compliance of its clients’ digital assets, including guidance on CMMC compliance and cybersecurity best practices. Recent financial data shows the stock has surged over 113% in the past six months, though InvestingPro analysts note the company faces challenges with cash burn and debt management. InvestingPro subscribers have access to 14 additional key insights about CISO’s financial health and market position.
This press release contains forward-looking statements that reflect the company’s current views and expectations regarding future events, which are subject to risks, uncertainties, and other factors that could cause actual results to differ materially. These statements are made under the safe harbor provisions of federal securities laws.
In other recent news, CISO Global, Inc. has made significant advancements in AI-powered security by integrating its solutions with Microsoft Azure and Amazon AWS. The company developed a successful Proof of Concept for its Argo Secure platform with Microsoft Security Copilot, showcasing enhanced asset management and threat detection. Additionally, CISO Global’s TIGRIS GRC solution is now available in the Amazon Web Services Marketplace, providing users with essential security tools to improve cloud security posture and compliance. In another development, CISO Global faces a potential delisting from the Nasdaq Stock Market for not holding an annual shareholder meeting within the required timeframe. The company has been given 45 days to submit a compliance plan, with the possibility of an extension until June 2025. To address governance issues, CISO Global has appointed new board members following an agreement with investors, replacing several outgoing directors. The company plans to hold its annual meeting in March 2025 to resolve the Nasdaq compliance issue.
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