GlobeNewswire Inc | Feb 16, 2021 09:06AM EST

February 16, 2021

ASHBURN, Va., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the worlds most security-conscious organizations, today announced that the Social Security Administration (SSA) has exercised the first option year on the contract, including options, for its Xacta solution. SSA contracted Telos in September 2019 for a security assessment and authorization (SA&A) software solution to enhance the ongoing assessment and authorization of systems, and continuous monitor cybersecurity processes for the agency. The base year contract concluded in September 2020, leaving four option years, the first of which is now underway.

Xacta enhances effectiveness of the collection and analysis of real-time data regarding SSA information systems, including vulnerabilities, configuration standards and audit logs, as well as hardware and software inventories, thereby supporting organizational risk management decisions. The solution also enables more frequent and comprehensive enterprise- and system-level assessments of cybersecurity risk, empowering SSA to transition from static three-year security authorizations to ongoing authorization processes. Xacta offers FISMA reporting capabilities, a configurable approval process for tracking and managing remediation plans, and a customizable process template interface for creation and workflow management.

Were pleased to serve the hardworking men and women at SSA and look forward to the opportunity to enhance the cyber risk management processes for the agency, said John B. Wood, CEO and chairman, Telos.

The Xacta enterprise cyber risk management and compliance automation solution helps organizations meet the complex challenges of managing IT risk with continuous compliance monitoring, security assessment and ongoing authorization. For more information about Xacta, including various use cases, visit www.telos.com/xacta.

About Telos CorporationTelos Corporation (NASDAQ: TLS) empowers and protects the worlds most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions for identity and access management, secure mobility, organizational messaging, and network management and defense. The company serves military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world.

Media:Mia WilcoxMerritt Group on behalf of Telos CorporationEmail: wilcox@merrittgrp.com Phone: (610) 564-6773

Investors:Brinlea JohnsonThe Blueshirt Group on behalf of Telos Corporationbrinlea@blueshirtgroup.com