VISIUM TECHNOLOGIES (OTCPink: VISM) ANNOUNCES CLOSING OF THREAT SURFACE SOLUTIONS GROUP TRANSACTIONPosted on October 16, 2018
Company Announces Launch of Cybersecurity Training Initiative;
Set to Generate Immediate Revenue from IoT Security Testing
Fairfax VA, Oct. 16, 2018 (GLOBE NEWSWIRE) — Visium Technologies, Inc. (“Visium”) (OTCPink: VISM) announced today that it has completed the acquisition of Threat Surface Solutions Group LLC (“TSSG”). The TSSG acquisition means that Visium will provide a leading-edge portfolio of analytic and remediation tools to the expanding Internet of Things (IoT) market.
“Now that we have finalized this acquisition, we will immediately begin delivering solutions to our customers, both here in the US and in Europe. Our initial revenue will come from customers who are looking for both IoT penetration testing services, as well as from network risk assessment services,” said Jamie Holcombe, CEO of Visium.
“In addition, we have an extraordinarily talented team of cybersecurity experts that have developed cybersecurity training curricula that are in high demand world-wide. We will deliver cybersecurity training curricula and services to key international customers beginning this month. We anticipate recognizing as much as $500,000 in revenue in our fiscal 2nd quarter ending December 31, 2018, and an estimated $3 million in revenue for the full fiscal year ending June 30, 2019”.
The cybersecurity sector has extremely favorable long-term growth prospects, and regulatory and technology changes provide an increasingly attractive environment for growth. With the cybersecurity industry projected to grow from $153BB in 2018 to $250BB by 2022, it is safe to say that Visium has positioned itself for accelerated growth in an extremely attractive sector.
TSSG will operate as a subsidiary of Visium under the leadership of President Kevin Anderson, who added “Our recent acquisition by Visium Technologies represents a significant paradigm shift in the cybersecurity ecosystem. The combination of TSSG and their Research & Development (R&D) partners creates a unique approach to cyber solutions. TSSG is the exclusive cyber security partner in North America for the global testing conglomerate SGS-TUV. The merging of Visium/TSSG is ground breaking in the Cyber Physical approach to training, IoT/IIoT penetration testing and Network Risk Assessments.”
About Visium Technologies, Inc.
Visium Technologies, Inc. (OTCPink: VISM) is a Virginia based company focused on providing innovative cybersecurity solutions to businesses which protect and secure the operating landscape of the enterprise and their data assets. Our focus is on test and measurement (T&M), test and evaluation (T&E), and cybersecurity solutions to protect connected devices (Internet of Things, or “IoT” and Industrial Internet of Things “IIoT”). This includes securing industrial systems from penetration. We do this through a proprietary IoT test platform which we call the Cyber Physical Test Bench (“CPTB”), and by visualizing and prioritizing remediation of technology risks.
For more information please visit www.visiumtechnologies.com and tssgsolutions.com
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Contact: Company: Visium Technologies, Inc. Corporate: Mark Lucky, Chief Financial Officer email@example.com