Cyber A.I. Group Announces LOI to Acquire Prominent North American Cyber Security Company
Miami, United States, August 3rd, 2024, Chainwire
Strategic Acquisition Expected to Propel Growth as the Company
Embarks on Pre-IPO M&A Initiatives
Cyber A.I. Group, Inc., an emerging growth global cybersecurity, A.I. and IT services company, announced today that it has executed a Letter of Intent (LOI) to acquire a prominent North American-based cybersecurity firm. The announcement was made by Walter Hughes, CEO of Cyber A.I. Group alongside A.J. Cervantes, Jr., Executive Chairman of Cyber A.I. Group and Chairman of Trilogy Capital Group, LLC, Cyber A.I.’s founding shareholder.
“This marks a pivotal inflection point as Cyber A.I. Group embarks on our first acquisition as part of our global M&A strategy,” stated Walter Hughes, Cyber A.I.’s CEO. “The target company has demonstrated exceptional growth and innovation in the cybersecurity industry, and we believe this will result in a highly synergistic driver for our overall Buy-and-Build model. This transaction aligns with our vision to expand our market presence and enhance our service offerings, which we believe will ultimately drive value for our stakeholders. We are confident that the integration of the company’s operations and capabilities will accelerate Cyber A.I. Group’s path toward achieving our ambitious Pre-IPO initiatives.”
The North American-based cybersecurity company is recognized as a leading player in the cybersecurity industry with a strong track record of profitability and is expected to bring valuable expertise and an established client base to Cyber A.I. Group. The acquisition aligns with the company’s strategic objectives to enhance its cybersecurity offerings and expand its reach across key international markets.
“Our publicly stated objective at Cyber A.I. is to reach $100 million in revenue within the next twelve to eighteen months,” added A.J. Cervantes, Jr., Executive Chairman. “We aim to achieve this goal, through both accretive acquisitions and organic growth, while simultaneously laying the groundwork for providing our clients with a suite of next generation A.I. technologies dedicated to cybersecurity initiatives.”
With this acquisition, Cyber A.I. Group reinforces its commitment to innovation and growth, driving forward its mission to provide cutting-edge cybersecurity and IT solutions powered by A.I. technology. The integration of this new acquisition is expected to contribute significantly to Cyber A.I. Group’s operational scale and competitive edge in the rapidly evolving cybersecurity landscape.
The transaction is anticipated to be completed in the coming months, pending regulatory approvals and other customary closing conditions. Further details of the acquisition will be disclosed as the transaction progresses.
About Trilogy Capital Group
Trilogy Capital Group, LLC is a Delaware limited liability company and private equity firm based in Miami, Florida. Trilogy Capital Group and its predecessor company, Trilogy Capital Partners, Inc., are a financial services group which has been engaged in Private Equity, Venture Capital, Merchant Banking and Financial Advisory since 2002. For additional information, please visit: trilogy-capital.com.
About Cyber A.I. Group
Cyber A.I. Group, Inc. is an emerging growth global company engage in the acquisition and management of domestic and international cybersecurity and IT services firms. The founders and management of Cyber A.I. are pursuing a “Buy-and-Build” strategy to rapidly expand operations by acquiring a broad spectrum of IT services companies and repositioning them to address fast-growing market needs for cybersecurity and artificial intelligence (A.I.) markets. The Company’s initial target is to acquire multiple companies representing aggregate revenues approaching $100 million. The Company is focusing its acquisition targets on those with the most favorable terms and that lend themselves to certain benefits through integration through consolidation. Cyber A.I.’s business model is focused on the acquisition and consolidation of IT services companies with proven ability in broad conventional technology services. This emphasis on conventional companies with strong revenues and cash flow distinguishes Cyber A.I. from the explosion of A.I. startups that may be pinning their future on a single technological breakthrough which may never materialize. This “Buy-and-Build” strategy provides Cyber A.I. with the maximum flexibility for diversification and risk management for moving into new fields and addressing fast moving market opportunities. For additional information, please visit: cyberaigroup.io
