CyberAI Targets Growth with $100M Revenue Goal
Deal News | Dec 04, 2024 | EIN
CyberAI Group, an emerging entity in cybersecurity, artificial intelligence, and IT services, has unveiled a strategic initiative to acquire a leading American cybersecurity firm. This move aligns with CyberAI's goal of bolstering its international cybersecurity presence and expanding its market footprint globally. The acquisition is facilitated by a Letter of Intent and supported by financing arrangements with ThinkEquity LLC, a New York-based investment bank. Announced on October 18, 2024, the acquisition is a pivotal part of CyberAI's mergers and acquisitions strategy, aiming to enhance the company's market presence, service capabilities, and stakeholder value. The target firm, known for its significant $30 million annual revenue, is expected to contribute to CyberAI's ambitious target of achieving $100 million in annualized revenue within 12 to 18 months. This will be achieved through a strategic mix of acquisitions and organic growth. Finalization of the transaction is projected in the subsequent months, contingent upon regulatory approvals and standard conditions.
Sectors
- Cybersecurity
- Information Technology (IT) Services
- Investment Banking
Geography
- United States – The acquisition involves an American cybersecurity firm, emphasizing the U.S. as a geographical focus.
- International – CyberAI's strategy includes expanding its global footprint, indicating an international geographical relevance.
Industry
- Cybersecurity – The article focuses on a strategic acquisition by CyberAI involving a cybersecurity firm, indicating this is a core industry involved.
- Information Technology (IT) Services – CyberAI engages in IT services, which is relevant to the acquisition strategy as it looks to enhance service capabilities.
- Investment Banking – The involvement of ThinkEquity LLC in financing the acquisition highlights the role of investment banking in M&A activities.
Financials
- $30 million – Annual revenue generated by the targeted American cybersecurity firm.
- $100 million – CyberAI's targeted annualized revenue goal over the next 12 to 18 months.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CyberAI Group | Acquiring Company | Company | An emerging growth company in cybersecurity, AI, and IT services focusing on strategic acquisitions. |
| Trilogy Capital Group | Founding Shareholder | Company | CyberAI's founding shareholder with a role in strategic oversight. |
| ThinkEquity LLC | Financing Advisor | Company | A New York-based investment bank specializing in capital raises, involved in financing CyberAI's acquisition. |
| American Cybersecurity Firm | Target Company | Company | An established U.S. cybersecurity firm generating over $30 million annually, targeted by CyberAI for acquisition. |
| A.J. Cervantes, Jr. | Chairman, CyberAI & Trilogy Capital Group | Person | Announced CyberAI's strategic acquisition of the American cybersecurity firm. |