TheHedgeMeister
4月前
Given that this IGI is now back to the markets, I think it's worth looking at Nodeware's results. Effectively, Nodeware *is* the investment thesis at IGI. They've had a long-term MM$ enterprise contract, which enabled them to fund the development of a cybersecurity consulting organization and a cybersecurity SaaS product. Over the medium and long-term, that SaaS product (Nodeware), is what we want to see driving growth. Here are its results:
Pre-2020: Negligible
2021: $172,402
2022: $431,824
2023: $705,562
2024: $869,378
Q1 2025: $360,517
Q2 2025: $366,240
Q3 2025: $366,823
That means that, since its release, Nodeware has grown at a high double digit rate YoY, every year. At the current apparent run-rate, it looks like 2025 will end up at around $1.4-1.5M once Q4 is factored in. That would be about approximately 70% growth YoY.
For perspective, this is not a blue-chip, enterprise-grade company or stock. There are flaws, and they don't have real scale yet. But: these are good numbers. Whatever our critiques of the company may be, this team did in fact develop a strong cybersecurity software product, forge dozens of channel partnerships, and grow product revenues from 0 to 1.5M$ in 5 years. That much is undeniable.
The open question now is, how do you value a cybersecurity company with a profitable consulting arm and a 1.5M$ security product growing at 70% YoY? If they maintain this pace of growth for Nodeware, I really don't see how the stock can stay at current levels (current market cap is $312,705).
frenchboy
1年前
On March 12, 2025, Infinite Group, Inc. (the “Company”) entered into an Asset Purchase Agreement (this “Agreement”) with Opti9 Technologies LLC, a Delaware limited liability company (“Buyer”) for the sale of assets related to a division of its business known as the Ace Server Management division. Under this division the Company provides IT managed infrastructure services, to a US government agency as a subcontractor to Peraton Enterprise Solutions LLC (f/k/a Perspecta Enterprise Solutions LLC (“Peraton”))
The purchase price is $7,500,000 plus the assumption of liabilities under the contract with Peraton going forward, and subject to customary adjustments prior to closing. The purchase price will be funded by immediately available funds at the closing. The Agreement contemplates payment of a number of third party creditors which proceeds will be applied at the closing.
The closing is expected to take place in June 2025. The closing of the transaction is subject to customary conditions, including, among other things, (i) approval by the Company’s stockholders; (ii) consent of Peraton; (iii) consent of a number of the Company’s debtholders; (iv) no temporary or permanent judgment issued by any governmental entity of competent jurisdiction or law or other legal restraint or prohibition preventing or prohibiting the consummation shall be in effect; (v) that no event or circumstance with a material adverse effect on the Ace server management business division shall have occurred; and, (vi) other customary conditions for a transaction of this nature.
The Agreement contains representations, warranties and covenants of the parties customary for a transaction of this type, including a 4 year non-competition covenant from competing with the Buyer in providing services to the U.S. government agency that was subject of the Peraton subcontract, and providing 24x7x365 Windows and/or Linux operating system and hardware support and monitoring services to other parties.
Concurrently with the execution of the Agreement, certain stockholders entered into voting agreements (the “Voting Agreements”) with Buyer. Pursuant to the terms of the Voting Agreements, these stockholders agreed to vote their shares in favor of the transaction and the Company’s upcoming stockholders meeting, to not solicit any other acquisition proposals and to vote their shares against any competing acquisition proposals. The shares subject to the Voting Agreements comprise approximately [28]% of all outstanding shares. The Voting Agreements will terminate in certain circumstances, including upon termination of the Agreement.
The Company plans to present the transaction for the sale of these assets for approval at its upcoming annual meeting of stockholders tentatively scheduled for June 4, 2025.
https://www.otcmarkets.com/filing/html?id=18295071&guid=LyB-kH8vEAGQpch
frenchboy
2年前
Nodeware(R) Adds Patch Management for Windows, Enhancing its Vulnerability Management Platform
Tuesday, 04 June 2024 10:00 AM
https://www.accesswire.com/871312/nodewarer-adds-patch-management-for-windows-enhancing-its-vulnerability-management-platform
PITTSFORD, NY / ACCESSWIRE / June 4, 2024 / Infinite Group, Inc. (IGI)- Nodeware, an AI-driven, patented vulnerability management solution, today announced the release of its latest feature: Patch Management for Windows. This powerful addition to the platform enables centralized patch deployment directly from the dashboard, providing managed service providers (MSPs) with enhanced visibility and control over patch rollouts for their clients' Windows systems.
"With our ecosystem of supported assets being over eighty percent Windows, adding support for Microsoft security updates represents the best one-to-many remediation path for our partners," said Brian Drake, Director of Technology Development. "We are centralizing visibility for system patching, something that has become increasingly difficult given the trend towards remote and hybrid workforces."
The Patch Management for Windows feature empowers MSPs to proactively mitigate the risks posed by unpatched systems by streamlining the patch management lifecycle, while reducing operational overhead typically associated with manual patching efforts. This approach not only enhances the security posture of Windows environments but also optimizes operational efficiency through key capabilities that include:
Streamlined Patching: Enables centralized patch deployment to address multiple vulnerabilities simultaneously, minimizing the time and effort required while maximizing protection.
Patch Status Visibility: Provides continuous monitoring of Windows assets for missing patches, including post-update verification scans, providing visibility into an asset's current patch status.
Automated Update Workflows: Enables creation and automation of tasks needed to install and apply updates, reducing the operational burden on IT staff.
Reboot Scheduling: Allows scheduling of required reboots for patch installation based on operational needs, minimizing downtime and disruptions.
This release marks a significant milestone as Nodeware continues to enhance its platform not only around its patch management capabilities but other developments that continue to keep Nodeware at the forefront of focused, AI-driven vulnerability management. Future updates will include enhancements to assist customers in managing the attack surface more efficiently and effectively.
Patch Management for Windows is now available for all existing and new Nodeware users as part of the continuous vulnerability management solution. For more information about Nodeware, please visit nodeware.com.
About Nodeware
Nodeware® is an AI-driven, in-demand continuous vulnerability management solution that helps businesses reduce their cyber risk-all with breakthrough simplicity and affordability. Tailored for MSPs, Nodeware features a multitenant dashboard, streamlined deployment, and the ability to scan both internal and external IPs. It provides a comprehensive asset inventory and deep scan information with actionable remediation guidance for identified vulnerabilities. Nodeware is available globally and is supported and developed by US-based support and development teams. Learn more at nodeware.com.
About IGI
Headquartered in Pittsford, NY, with a remote workforce spanning the United States, Infinite Group, Inc. (IGI) delivers technology and people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnership. Nodeware, a subsidiary of IGI, is an award-winning vulnerability management solution and SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at igicybersecurity.com.
Safe-Harbor Statement
This release may contain forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at https://www.sec.gov/, as well as IMCI's website located at http://www.igicybersecurity.com.
MEDIA CONTACT
Nour Dandan
Digital Marketing Manager
585-485-5785 | ndandan@igius.com
For investment inquiries, contact IR@igius.com.
SOURCE: Infinite Group, Inc.
frenchboy
3年前
Nodeware(R) by IGI CyberLabs and vCIOToolbox Forge Strategic Partnership for Enhanced Cybersecurity Solution for MSPs
https://www.accesswire.com/790044/nodewarer-by-igi-cyberlabs-and-vciotoolbox-forge-strategic-partnership-for-enhanced-cybersecurity-solution-for-msps
Thursday, 05 October 2023 10:00
PITTSFORD, NY / ACCESSWIRE / October 5, 2023 / Infinite Group, Inc. (IGI) (OTC PINK:IMCI) - Nodeware, an AI-driven continuous vulnerability management solution by IGI CyberLabs, and vCIOToolbox, a leading provider of management solutions supporting account management and client advisory, are pleased to announce a strategic partnership. This partnership integrates Nodeware's enhanced vulnerability data into the vCIOToolbox platform, providing valuable insights to managed service providers (MSPs) for use in compliance and business reviews.
"Vulnerability management is a critical component of any cybersecurity or compliance program, and we are excited to have Nodeware as a strategic partner," said Brian Doyle, CEO of vCIOToolbox. "The Nodeware integration helps our partner MSPs quickly and continuously identify vulnerabilities in their critical assets. This simplifies assessment prep, evidence collection, and reporting."
The integration seamlessly incorporates Nodeware's asset vulnerability scoring into vCIOToolbox, enhancing the platform's asset reports, and introduces a dedicated vulnerability report dashboard, which can be leveraged for reviews and presentations. It empowers MSPs to adopt a proactive approach to cybersecurity, cementing their role as trusted advisors to their clients. Moreover, the integration equips MSPs with the valuable capability to provide evidence of continuous scanning, aligning with compliance requirements. This strategic partnership not only elevates MSPs' security posture, but also fortifies their capacity to deliver added value in the ever-evolving threat landscape.
"Delivering continuous vulnerability and risk information into vCIOToolbox's platform is a significant value-add to MSPs, MSSPs, and, most importantly, their customers," said Andrew Hoyen, President of Nodeware by IGI CyberLabs. "We are proud and excited to be part of the vCIOToolbox ecosystem and look forward to the benefits our partnership will bring to the market."
About Nodeware
Nodeware is an AI driven, in-demand continuous vulnerability management solution that helps businesses reduce their cyber risk-all with breakthrough simplicity and affordability. Tailored for MSPs, Nodeware features a multitenant dashboard, streamlined deployment (under 30 minutes), and the ability to scan both internal and external IPs. It provides a comprehensive asset inventory and deep scan information with actionable remediation guidance for identified vulnerabilities. Nodeware is available globally and is supported and developed by US-based support and development teams. Learn more at nodeware.com.
About vCIOToolbox
vCIOToolbox is a leading provider of Account Management and Client Advisory tools dedicated to helping MSPs and MSSPs safeguard their businesses through strategic technology planning. By streamlining the process of technology management, vCIOToolbox empowers businesses to focus on their core operations while ensuring optimal cybersecurity. Learn more at vciotoolbox.com.
About IGI
Headquartered in Rochester, NY, with a remote workforce spanning the United States, Infinite Group, Inc. (IGI) (OTC PINK:IMCI) delivers technology and people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnership. IGI CyberLabs, a wholly-owned subsidiary of IGI, is the OEM of the Nodeware® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at igicybersecurity.com.
Safe-Harbor Statement
This release may contain forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at https://www.sec.gov/, as well as IMCI's website located at http://www.igicybersecurity.com.
MEDIA CONTACT
Nour Dandan
Digital Marketing Manager
585-485-5785 | ndandan@igius.com
For investment inquiries, contact IR@igius.com.
SOURCE: Infinite Group, Inc.
frenchboy
3年前
Nodeware(R) by IGI CyberLabs Continues to Make Waves in the Channel and Empower MSPs
https://www.accesswire.com/773601/NodewareR-by-IGI-CyberLabs-Continues-to-Make-Waves-in-the-Channel-and-Empower-MSPs
Thursday, August 10, 2023 10:10 AM
PITTSFORD, NY / ACCESSWIRE / August 10, 2023 / Infinite Group, Inc. (IGI) (OTC:IMCI) - Nodeware, a patented vulnerability management solution developed by IGI CyberLabs, has been making impressive strides in the channel, demonstrating its unwavering support for managed service providers (MSPs). This commitment is clearly reflected in recent achievements, including earning a coveted spot in ConnectWise's PitchIT program, being recognized as a Top Trending Company on Channel Program, and receiving an invitation into ConnectWise's Invent program.
"I am extremely proud of this team and what they have accomplished over the last 6 months," said Andrew Hoyen, President of IGI and IGI CyberLabs. "It is exciting to see this kind of recognition for the product we have developed, along with the continued acceptance and growth we have witnessed. It has established Nodeware as the go-to vulnerability management solution for our MSP partners and a key component of their cybersecurity stack."
Developed by IGI's own cybersecurity practitioners, Nodeware is a purpose-built solution for MSPs, offering efficient, cost-effective, and lightweight vulnerability management to address the critical need for accurate asset inventory and continuous vulnerability scanning. With real-time, actionable information, MSPs can leverage the user-friendly multitenant dashboard or API to provide their clients with a proactive and layered security approach, enabling them to effectively reduce their clients' risk by identifying and addressing security gaps before they can be exploited.
Nodeware's selection for ConnectWise's PitchIT program exemplifies its innovation and ability to deliver a cutting-edge solution that resonates with MSPs. This exclusive program allows Nodeware to present its unique offering to a wider audience of industry leaders, fostering growth opportunities and stronger relationships within the MSP community.
Moreover, Nodeware was recently recognized as a Top Trending Company on Channel Program, a testament to its unwavering commitment to empowering MSPs in protecting their clients' digital assets. This recognition also reflects the growing demand among MSPs for vulnerability management solutions, driven by the need to safeguard these assets more effectively in the ever-changing threat landscape.
Nodeware was also invited to be part of ConnectWise's Invent Program, which enables Nodeware to collaborate with ConnectWise to create seamless integrations that enhance MSP workflows and overall efficiency.
Adding to the list of achievements, the Nodeware team has been recognized at numerous industry trade shows and conferences this year, receiving attendee-voted awards including Best Security Product at SMB TechFest in Q1, the ROI Lightning Round Award at ChannelPro SMB Forum in DC, and the XCellence in Solutions Track Presentation at XChange Security.
These notable achievements validate Nodeware's mission to provide MSPs with the most advanced and comprehensive vulnerability management solution on the market, while also driving greater exposure and growth for the platform. Visit nodeware.com to learn more.
About Nodeware
Nodeware is an in-demand cybersecurity solution that helps businesses reduce their risk of ransomware or other cyber-attacks-all with breakthrough simplicity and affordability. The easy-to-use SaaS solution helps businesses meet compliance requirements and can be bundled and easily integrated with other IT or security offerings or used to upsell managed services. And it's not just filling a security gap for customers, it's also filling a void in the channel cybersecurity market-creating a powerful opportunity for MSPs and resellers. Nodeware is available globally and is supported and developed by IGI's US-based support and development teams. Learn more at nodeware.com and igicyberlabs.com. Follow Nodeware on Twitter, LinkedIn and Facebook.
About IGI
Headquartered in Rochester, NY, with a remote workforce spanning the United States, Infinite Group, Inc. (IGI) (OTC:IMCI) delivers technology and people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnership. IGI CyberLabs, a wholly-owned subsidiary of IGI, is the OEM of the Nodeware® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at igicybersecurity.com.
Safe-Harbor Statement
This release may contain forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at https://www.sec.gov/, as well as IMCI's website located at http://www.igicybersecurity.com.
MEDIA CONTACT
Nour Dandan
Digital Marketing Manager
585-485-5785 | ndandan@igius.com
For investment inquiries, contact IR@igius.com.
SOURCE: Infinite Group, Inc.
frenchboy
3年前
Nodeware(R) Among Participants Selected for ConnectWise's PitchIT Class of 2023
https://www.accesswire.com/757016/NodewareR-Among-Participants-Selected-for-ConnectWises-PitchIT-Class-of-2023
PITTSFORD, NY / ACCESSWIRE / May 24, 2023 / Infinite Group, Inc. (IGI) (OTCQB:IMCI) - Nodeware, a patented vulnerability management solution developed by IGI CyberLabs, has been selected as a member of ConnectWise's esteemed PitchIT class of 2023. This exclusive 16-week program includes a rigorous business assessment, coaching from industry experts, placement on the ConnectWise marketplace, co-marketing opportunities, and more. Nodeware was announced as one of 27 organizations admitted into this year's cohort.
"We are thrilled to be picked for this year's PitchIT Class of 2023. Having spoken with other vendors who have been through the program, I cannot stress how excited and honored we are to have been chosen and to work with ConnectWise, a company that embodies the level of achievement and success we aspire to," said Matthew K. Koenig, VP of Channel Sales. "The guidance we will receive, and the relationships we form with other members of our class will be invaluable, offering benefits not only in the present, but also for years to come."
Nodeware is a continuous vulnerability scanning and management solution designed for managed service providers (MSPs). It provides comprehensive monitoring and identification of on-site, cloud and remote network assets. Whether leveraging the user-friendly multitenant dashboard or API, MSPs can easily offer their clients a more proactive and layered security approach, reducing their clients' risks by identifying security gaps before they can be exploited. Nodeware equips MSPs with a high-value automated service that actively helps safeguard their clients' network operations, delivering critical and actionable information in real-time.
"Nodeware's selection for this year's PitchIT program highlights our dedication to supporting MSPs in a rapidly changing landscape," said Stuart Cohen, President of IGI CyberLabs. "We are honored to be recognized among top solution providers. This reaffirms our commitment to empowering MSPs as a key piece of their trusted security offering, helping them protect their clients' critical data from the increasingly sophisticated threat environment."
The PitchIT program culminates in an exciting pitch competition among three finalists, scheduled to take place at IT Nation Connect on November 8-10, 2023.
About Nodeware
Nodeware is an in-demand cybersecurity solution that helps businesses reduce their risk of ransomware or other cyber-attacks-all with breakthrough simplicity and affordability. The easy-to-use SaaS solution helps businesses meet compliance requirements and can be bundled and easily integrated with other IT or security offerings or used to upsell managed services. And it's not just filling a security gap for customers, it's also filling a void in the channel cybersecurity market-creating a powerful opportunity for MSPs and resellers. Nodeware is available globally and is supported and developed by IGI's US-based support and development teams. Learn more at nodeware.com and igicyberlabs.com. Follow Nodeware on Twitter, LinkedIn, and Facebook.
About IGI
Headquartered in Rochester, NY, with a remote workforce spanning the United States, Infinite Group, Inc. (IGI) (OTCQB:IMCI) delivers technology and people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnership. IGI CyberLabs, a wholly-owned subsidiary of IGI, is the OEM of the Nodeware® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at igicybersecurity.com.
Safe-Harbor Statement
This release may contain forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at https://www.sec.gov/, as well as IMCI's website located at http://www.igicybersecurity.com.
MEDIA CONTACT
Nour Dandan
Digital Marketing Manager
585-485-5785 | ndandan@igius.com
For investment inquiries, contact IR@igius.com.
SOURCE: Infinite Group, Inc.
frenchboy
3年前
Nodeware(R) Wins ROI Lightning Round Award at ChannelPro’s SMB Forum
https://www.accesswire.com/744929/NodewareR-Wins-ROI-Lightning-Round-Award-at-ChannelPros-SMB-Forum
PITTSFORD, NY / ACCESSWIRE / March 21, 2023 / Infinite Group, Inc. (IGI) (OTCQB:IMCI) - For the second time in as many weeks, managed services providers (MSPs) recognized Nodeware, a solution from IGI CyberLabs, as a go-to security provider. Attendees of the ChannelPro SMB Forum in DC this month voted Nodeware the "ROI Lightning Round" winner for the value of its always-on, always-aware vulnerability management program. Last month, MSPs also selected Nodeware as Best Security Product during SMB TechFest.
The back-to-back wins underscore the importance of detecting activity, addressing vulnerabilities, avoiding potential incidents, and recovering and learning from threat actors. A recent study by Canalys found that MSPs who are focused on finding anomalies and mitigating events are better positioned to capitalize on the shift to cyber-risk detection, a market Canalys expects to grow 34% each year, reaching $112 billion by 2026.
Nodeware's robust vulnerability scanning and management software allows businesses to monitor and identify network assets, both on-site and remote, locating security gaps and delivering detailed analytics reports for security compliance purposes. The cloud-based platform simplifies and automates the vulnerability scanning process, delivering full visibility into the potential risks associated with each of its business processes.
Nodeware is dedicated to helping MSPs and MSSPs create a more compelling, preemptive, and layered security offering for their end-customers, reducing their risks by detecting anomalies before a breach can occur. The platform allows these managed services providers to deliver a high-value, automated service that proactively helps protect their clients' network operations, delivering critical and actionable information in real-time.
"Cybersecurity has always been a rapidly evolving space. The advent of sophisticated language generation models like ChatGPT now make it that much easier for nefarious actors to fabricate effective malware that preys on network vulnerabilities. This catalyst could bring on a watershed of compromises for companies that aren't diligent enough," said Matthew K. Koenig, Nodeware's Vice President of Channel Sales.
"Businesses that don't maintain granular visibility over their networks aren't doing everything they can to combat this potential onslaught," Koenig continued. "Nodeware feels honored to have our solution recognized by multiple industry authorities as a key tool in this initiative, underscoring the essential need for a deep-scanning strategy."
About Nodeware
Nodeware is an in-demand cybersecurity solution that helps businesses reduce their risk of ransomware or other cyber-attacks-all with breakthrough simplicity and affordability. The easy-to-use SaaS solution helps businesses meet compliance requirements and can be bundled with other IT or security offerings or used to upsell managed services. And it's not just filling a security gap for customers, it's also filling a void in the channel cybersecurity market-creating a powerful opportunity for MSPs and resellers. Nodeware is available globally and is supported and developed by IGI's US-based support and development teams. Learn more at nodeware.com and igicyberlabs.com. Follow Nodeware on Twitter,LinkedIn and Facebook.
About IGI
Headquartered in Rochester, NY, with a remote workforce spanning the United States, Infinite Group, Inc. (IGI) (OTCQB:IMCI) delivers technology and people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnership. IGI CyberLabs, a wholly-owned subsidiary of IGI, is the OEM of the Nodeware® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at igicybersecurity.com.
Safe-Harbor Statement
This release may contain forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at https://www.sec.gov/, as well as IMCI's website located at http://www.igicybersecurity.com.
MEDIA CONTACT
Taylor Gaines
CommCentric Solutions (on behalf of Nodeware by IGI CyberLabs)
813-727-6871 | tgaines@commcentric.com
Nour Dandan
Digital Marketing Manager - Infinite Group, Inc. (IGI)
585-485-5785 | ndandan@igius.com
For investment inquiries, contact IR@igius.com.
SOURCE: Infinite Group, Inc.
frenchboy
3年前
Nodeware® Named “Best Security Product” at SMB TechFest
https://www.accesswire.com/741201/NodewareR-Named-Best-Security-Product-at-SMB-TechFest
PITTSFORD, NY / February 28, 2023 Infinite Group, Inc. (IGI) (OTCQB: IMCI)— According to new research from Canalys, protecting business networks against cybercrime is destined to fail. Rather, the study claims “detecting activity, responding to incidents and recovering and learning” from threat actors is vital – and attendees at this month’s SMB TechFest couldn’t agree more, voting Nodeware’s always-on, always-aware vulnerability management program “Best Security Product.” Nodeware was developed by IGI CyberLabs, a wholly-owned software subsidiary of IGI.
“Keeping up with the fast-changing cybersecurity landscape can be a full-time job that most managed service providers (MSPs) simply can’t sustain,” said Matthew Koenig, Vice President of Channel Sales. “That’s why deploying deep-scanning detection tools that work from the inside out offers the greatest potential for truly ensuring data security. It’s rewarding to learn that our channel partners recognize and appreciate the effort we take to help them more efficiently manage their customers’ cyber risk.”
The Canalys study revealed that 72% of cybersecurity spending is focused on “building and managing defenses to protect data, infrastructure, people, and other assets,” but also emphasized that it is exactly those potential threat actors that have already breached defenses. Managed service providers who are focused on finding anomalies and mitigating events are better positioned to capitalize on the shift to cyber-risk detection, a market Canalys expects to grow 34% each year, reaching $112 billion by 2026. Complete and continuous visibility of the network – that’s running silently in the background without impacting network performance – is the new reality and the only true measure of potential cyber warfare.
“Traditional vulnerability scanning systems that work on-demand miss everything that is not powered on, out of the office or missing during the time of a scan,” said Jack Taugher, Chief Visionary Officer and Vice President, AIR Technology Services. “The Nodeware solution enables vulnerability management for devices anywhere.”
SMB TechFest brings together Solution Providers, MSPs, VARs, Cloud Partners, Security, Telecom, IT Pros, and Application Partners with industry expert speakers and related content. The two-day event includes networking, sessions, and presentations. This award category is unique in that the recipient is the top vote getter by attendees of the conference and introduces Nodeware as a stand-out product/solution by its peers.
Safe Harbor Statement
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at https://www.sec.gov/, as well as IMCI's website located at http://www.igicybersecurity.com.
About IGI
Headquartered in Rochester, NY with a remote workforce spanning across the United States, Infinite Group, Inc. (IGI) (OTCQB:IMCI) delivers technology and people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnership. IGI CyberLabs, a subsidiary of IGI, is the OEM of the Nodeware® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Learn more at igicybersecurity.com.
Nodeware is an in-demand cybersecurity solution that helps businesses reduce their risk of ransomware or other cyber-attacks—all with breakthrough simplicity and affordability. The easy-to-use SaaS solution helps businesses meet compliance requirements and can be bundled with other IT or security offerings or used to upsell managed services. And it’s not just filling a security gap for customers, it's also filling a void in the channel cybersecurity market—creating a powerful opportunity for MSPs and resellers. Nodeware is available globally and is supported and developed by IGI’s US-based support and development teams. Learn more at nodeware.com and igicyberlabs.com.
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