Miami, FL – August 3, 2024 – Cyber A.I. Group, Inc., a leading global cybersecurity, AI, and IT services company, announced the signing of a Letter of Intent (LOI) to acquire a prominent North American cybersecurity firm. This strategic move marks a significant step forward for Cyber A.I. Group’s pre-IPO growth initiatives.
Powering Growth Through Strategic Acquisitions
“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. “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.”
Target Company Strengthens Cybersecurity Leadership
The unnamed North American cybersecurity firm boasts a strong reputation and proven profitability. It is expected to bring valuable expertise and a loyal customer base to Cyber A.I. Group. This acquisition directly supports Cyber A.I. Group’s strategic objectives of enhancing cybersecurity solutions and expanding into 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. “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 AI technologies dedicated to cybersecurity initiatives.”
Innovation and Growth Remain Core Focus
This acquisition underscores Cyber A.I. Group’s unwavering dedication to innovation and growth. By integrating this new entity, the company strengthens its operational scale and competitive edge in the ever-evolving cybersecurity landscape. The transaction is expected to close in the coming months, following regulatory approvals.
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., have 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 engaged 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 (AI). The company’s initial target is to acquire multiple companies representing aggregate revenues approaching $100 million.
Cyber A.I.’s business model focuses on the acquisition and consolidation of IT services companies with proven ability in broad conventional technology services, distinguishing it from the explosion of AI 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 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.
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