Significant Acquisition Poised to Drive Expansion as Company Accelerates International Pre-IPO M&A StrategyMIAMI, NEW YORK and PARIS, Dec.03, 2024 (GLOBE NEWSWIRE) -- Cyber A.I.Group, Inc.("CyberAI” or the "Company”), an emerging growth Cybersecurity, Artificial Intelligence and IT services company engaged in the proactive acquisition of a broad spectrum of Cybersecurity service providers on an international basis, announced today that it has executed a comprehensive Letter of Intent to acquire an established American cybersecurity firm.
"Generating over $30 million in annual revenue, this very significant prospective acquisition is a major step in our global mergers and acquisitions strategy and underscores our overriding commitment to highly proactive growth. By enhancing our market presence and service capabilities, we aim to deliver exceptional value for stakeholders while fast-tracking progress toward our pre-IPO milestones.” With a reputation as a leading and highly profitable national cybersecurity firm, the prospective acquisition is expected to bring an established client base and critical expertise to CyberAI.
CyberAI is pursuing a highly proactive "Buy & Build” strategy to rapidly expand operations internationally by acquiring a broad spectrum of IT services companies and repositioning them to address fast-growing market needs for Cybersecurity and Artificial Intelligence markets.
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