Benzinga | Dec 31, 2021 09:32AM EST

CynergisTek Closes 2-Year Managed Service Contract; Terms Not Disclosed

CynergisTek (NYSE:CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, today announced that it has signed the largest multi managed service contract of 2021 with a well-known managed care organization that has been a client since 2015. This 7-figure transaction expands on the partnership between CynergisTek and its client to provide the company's flagship tailored multiyear Resilience Partner Program (RPP).

"We are pleased to announce that our company has just expanded our relationship with a client who we have worked with for the last six years, signing the largest multiyear contract of 2021," said Mac McMillan, CEO, and President at CynergisTek. "This agreement represents our focus on our client relationships that build a strong renewal pipeline and represents the value we give our clients as the trusted partner for their cybersecurity, privacy, and compliance needs year in and year out," he says. CynergisTek finishes Q4 by exceeding its goal for sales and posting the best annual bookings performance in the past three years.

CynergisTek's signature Resilience Partner Program is designed to allow CynergisTek to work collaboratively with its clients to build a tailored set of services designed to help protect clients from cyber-related risks by building up their strategic defenses, improving operational efficiencies, and validating their programs work as expected. Under this Resilience Partner Program agreement, CynergisTek will provide annual risk assessments, medical device security, vendor security management, technical testing, and security control validation services. These services help healthcare organizations prioritize risk, maintain a constant eye on vulnerabilities associated with the expanding threat landscape, and ensure they have a strong and effective approach to risk that responds every day.