CynergisTek Announces Diversification into Adjacent Markets

CynergisTek (NYSE AMERICAN: CTEK), a leading cybersecurity firm helping organizations in highly regulated industries, including healthcare navigate emerging security and privacy issues, today announced that a large Department of Public Health located in the western half of the U.S. has joined CTEK’s expanding managed services client base as part of the company’s strategy to expand its expertise outside of the healthcare provider space.

CynergisTek’s cybersecurity managed services program is gaining demand from non-traditional providers as organizations such as Departments of Public Health are playing an active role in the midst of a pandemic by collecting more PHI and PII than ever before. CynergisTek’s cybersecurity managed services program offers complementary capabilities that any organization who has a requirement to protect its data and the data of the consumer can benefit from and supports the company’s strategy to diversify into adjacent markets. The cybersecurity managed service program helps articulate and develop the strategy for the organization’s risk management program by advancing their security practices to prevent attacks and breaches.

“Our client’s decision to choose CynergisTek was a meticulous and arduous process, and a testament for the need for companies to find a partner with expertise both in and outside of healthcare to deliver a well-rounded program,” says Shane Whitlatch, SVP of Sales at CynergisTek. Mr. Whitlatch goes on to say, “This is another example where we are starting to see momentum from outside our traditional healthcare provider customer base requesting our cybersecurity managed service support because of the increase in regulations, ransomware attacks, and data breaches due to the sophistication of the threat attackers and the expansion of the threat landscape in a time when the world is dealing with the COVID-19 pandemic.”

About CynergisTek, Inc.

CynergisTek is a top-ranked cybersecurity firm dedicated to serving the information assurance needs of the healthcare industry. CynergisTek offers specialized services and solutions to help organizations achieve privacy, security, and compliance goals. Since 2004, the company has served as a partner to hundreds of healthcare organizations and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been recognized by KLAS as a top performing firm in healthcare cybersecurity and was awarded the 2019 Top Healthcare Cybersecurity Consultants in Black Book IT Advisory Outcomes Survey.

Forward-Looking Statements

This release contains certain forward-looking statements relating to the business of CynergisTek that can be identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “may” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/service development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. CynergisTek is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

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