The pipeline supports the company's highly aggressive buy-and-build business model
MIAMI, FL / ACCESSWIRE / July 1, 2024 / Cyber AI Group, Inc., a fast-growing global cybersecurity, AI and IT services company, today announced a significant expansion of the company's acquisition pipeline. The announcement was made jointly by AJ Cervantes, Jr., Chairman and Founder of Cyber AI Group, and Mike Harvath, CEO and Founder of Revenue Rocket Consulting, LLC.
“Cyber AI is committed to rapid growth in the IT services sector through the acquisition of profitable IT services companies,” said Cervantes. “Revenue Rocket is the sector's premier M&A advisory group and we are pleased to partner with them to execute an aggressive M&A program. In partnership with the firm, we have currently identified over 100 potential acquisitions. While there is no assurance that these acquisitions will be completed, the size of the pipeline in itself creates significant future opportunities for the company.”
Currently under development and gaining momentum for decades, artificial intelligence is emerging as the most powerful and disruptive force of the information age. The rapid adoption of AI is creating new capabilities as well as new dangers and security concerns. To capitalize on these opportunities and challenges, Cyber AI plans to integrate AI services into all aspects of its expanding cybersecurity business.
“Having worked with many acquirers over our 20-plus years in business, it is clear to us that the Cyber AI team of experienced capital markets and technology executives is highly professional, proactive and equipped to execute efficient acquisition transactions,” said Harvath.
“As previously stated, our goal is to achieve $100 million in revenue within the next 12 to 18 months through driving IT acquisitions and organic growth with the goal of offering IT customers a suite of next-generation AI technologies purpose-built for their cybersecurity efforts,” said Cyber AI CEO Walt Hughes.
Cyber AI seeks to acquire profitable technology services and cybersecurity companies with annual revenues between $5 million and $15 million throughout the U.S. Target companies should have a strong commitment to innovation, provide a high level of customer service and a desire to be part of a larger organization seeking to go public.
About Revenue Rocket Consulting
Based in Minneapolis, Minnesota, Revenue Rocket provides mergers & acquisitions advisory and growth strategy consulting services to clients in the IT services market. With over 24 years of experience, Revenue Rocket has helped hundreds of companies grow through acquisitions, divestitures and improved growth through a rigorous strategy consulting process. By helping companies navigate the treacherous waters of deal-making while providing strategic go-to-market consulting services, Revenue Rocket has grown with a long list of successful companies and transactions. Completing deals earned Revenue Rocket a spot on the 2023 Inc. 5000 list of Fastest-Growing Companies. For more information, visit revenuerocket.com.
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, Trilogy Capital Partners, Inc., are financial services groups engaged in private equity, venture capital, merchant banking and financial advisory since 2002. Trilogy Capital incorporated Cyber AI as a Florida C Corporation on April 20, 2023. For more information, visit trilogy-capital.com.
About Cyber AI Group
Cyber AI Group, Inc. is an emerging growth global company engaged in the acquisition and management of domestic and international cybersecurity and IT services companies. Cyber AI's founders and management team are pursuing a “buy-and-build” strategy to rapidly expand the business by acquiring a broad range of IT services companies and repositioning them to serve the fast-growing market needs of the cybersecurity and artificial intelligence (AI) markets. The company's initial goal is to acquire multiple companies approaching $100 million in total revenue. The company targets acquisitions with the most favorable terms and where integration would be profitable. Cyber AI's business model is focused on acquiring and integrating IT services companies with a proven track record in a broad range of traditional technology services. The focus on traditional companies with ample revenue and cash flow distinguishes Cyber AI from the proliferation of AI startups that are pinning their future on a single technological innovation that may never materialize. This “buy-and-build” strategy allows Cyber AI maximum flexibility to diversify and manage risk to expand into new areas and respond to rapidly changing market opportunities. For more information, visit cyberaigroup.io.
contact
Cyber AI Group Inc.
990 Biscayne Boulevard, Suite 503
Miami, FL 33132
[email protected]
Revenue Rocket Consulting Group
8300 Norman Center Drive, Suite 530
Bloomington, MN 55437
[email protected]
sauce: Cyber AI Group Inc.
