Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE DATED MAY 24, 2017 - root9B Holdings, Inc. | exhibit991.htm |
| 8-K - CURRENT REPORT - root9B Holdings, Inc. | rtnb_8k.htm |
Exhibit 99.2
root9B Holdings Partners with The Chertoff Group
Retains Chertoff Capital to Raise Growth Capital
General Michael Hayden Joins root9B Advisory Board
Colorado Springs, CO – May 25, 2017 - root9B Holdings,
Inc. (Nasdaq: RTNB) ("RTNB") and The Chertoff Group have formed a
multi-faceted strategic partnership to accelerate root9B's growth
in cybersecurity, the companies announced today. The partnership
includes the addition of General Michael Hayden to root9B's
Advisory Board and the initiation of a process to raise growth
capital, led by investment banking firm Chertoff Capital, a
subsidiary of The Chertoff Group.
root9B
Holdings is a leading provider of Cybersecurity Services. Its
wholly-owned subsidiary, root9B is recognized as a leader and
pioneer in the Manned Information Security and Adversary Pursuit
Operations HUNT market and was recently named the #1 company on the
Cybersecurity
500 for the fifth consecutive quarter.
Founded
in 2009 by former U.S. Department of Homeland Security Secretary
Michael Chertoff, The Chertoff Group is a premier global security
advisory firm that provides risk management, business strategy, and
merchant banking advisory services. Before heading up the
Department of Homeland Security, Mr. Chertoff served as a federal
judge on the U.S. Court of Appeals for the Third Circuit. Earlier,
during more than a decade as a federal prosecutor, he investigated
and prosecuted cases of political corruption, organized crime, and
corporate fraud and terrorism, including the investigation of the
9/11 terrorist attacks.
root9B
is led by Chief Executive Officer Eric Hipkins, Chief Operating
Officer John Harbaugh and Chief Technology Officer Michael Morris.
Mr. Hipkins is an accomplished Cyber, Intelligence and Cryptology
professional with more than 25 years of specialty experience in
advanced cyber and technical intelligence operations. He is a
military veteran with an extensive background across the Department
of Defense, Intelligence and Commercial community and is a member
of the newly formed Homeland Security Advisory Council's
Cybersecurity subcommittee. Mr. Harbaugh is a U.S. military veteran
and former Senior Executive in the federal government. He is a DoD
certified Master-level technician with expert skills in cyber
defense and network security operation. Mr. Morris is also a U.S.
military veteran, specializing in intelligence operations in the
areas of advanced Offensive and Defensive Cyber operations,
tactics, tool development and advanced training
curriculum.
"Michael
Chertoff's experience in Homeland Security, coupled with the
impressive team he has put together, makes this a natural
partnership with the cyber experts we have assembled at root9B,"
said Mr. Hipkins, who is also Chief Executive Officer of root9B
Holdings. "In addition, General Hayden's long history in
intelligence and as a mentor to and leader of many members of our
team in their national defense and security careers makes his
appointment to our advisory board a natural fit."
General
Michael Hayden is a retired four-star general who served as
director of the Central Intelligence Agency (2006-2009) and the
National Security Agency (1999-2005). As head of the country's
premier intelligence agencies, he was on the frontline of global
change, the war on terrorism and the growing cyber challenge. In
addition to leading the CIA and NSA, General Hayden was the
country's first principal deputy director of national intelligence
and the highest-ranking military intelligence officer in the
country. General Hayden is currently a principal at The Chertoff
Group and a distinguished visiting professor at the George Mason
University Schar School of Policy and Government.
"The
team at root9B, starting with Eric Hipkins, John Harbaugh and Mike
Morris, is unparalleled in the industry," said General Hayden.
"Today's cyber warfare needs a unique solution which the team at
root9B is uniquely qualified to offer. I look forward to being a
part of this team moving forward."
root9B
Holdings also announced plans to pursue growth capital to
accelerate its strategic plan.
"With
the progress on the sale of our non-core assets, root9B Holdings is
better positioned as a pure-play provider of leading cybersecurity
solutions," said Mr. Hipkins. "Raising additional funds will
provide the working capital needed to enable us to take full
advantage of our large and growing pipeline. As the organization
that first introduced proactive HUNT operations to the commercial
community, we are very pleased with the response and traction we
continue to gain. Growth capital will enable us to continue
delivering our innovative solutions to a customer base that is
hungry for a differentiated solution."
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy root9B securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be
unlawful.
About root9B
Ranked
as the #1 Cybersecurity company for 2016 by Cybersecurity Ventures, root9B
stands in defiance of the unwanted human presence within our
clients' networks by attacking the root of the problem—the
adversary's ability to gain entry and remain undetected. root9B's
application of advanced technology developed through cutting-edge
R&D and engineering and refined through relevant, hands-on
training is revolutionary. root9B combines next generation
technology, tactics development, specialty tools, and deep mission
experience. root9B personnel leverage their extensive backgrounds
in the U.S. Intelligence Community to conduct advanced
vulnerability analysis, penetration testing, digital forensics,
incident response, Industrial Control System (ICS) security, and
HUNT (Active
Adversary Pursuit) engagements on networks worldwide. For more
information, visit www.root9B.com.
About root9B Holdings, Inc.
root9B
Holdings is a leading provider of Cybersecurity and Regulatory Risk
Mitigation Services. Through its wholly owned subsidiaries root9B,
Business Advisory Services and IPSA International Services, Inc.,
the Company delivers results that improve productivity, mitigate
risk and maximize profits. Its clients range in size from Fortune
100 companies to mid-sized and owner-managed businesses across a
broad range of industries including local, state and government
agencies. For more information, visit www.root9bholdings.com.
About Chertoff Group, LLC
The
Chertoff Group is a premier global advisory firm focused on
security and risk management. The Chertoff Group helps clients grow
and secure their enterprise through risk management, business
strategy, and merchant banking advisory services. The Chertoff
Group, and its investment banking subsidiary Chertoff Capital, have
advised on multiple M&A transactions totaling nearly $7 billion
in deal value. Headquartered in Washington D.C., the Firm maintains
offices in Menlo Park and New York. For more information about The
Chertoff Group, visit www.chertoffgroup.com.
Forward Looking Statements
Certain
statements contained in this press release may include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Because such statements
are subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Forward-looking statements are based upon the Company's
current expectations and involve assumptions that may never
materialize or may prove to be incorrect. Actual results and the
timing of events could differ materially from those anticipated in
such forward-looking statements as a result of various risks and
uncertainties. Certain risks and uncertainties facing the Company
are described more fully in the Company's periodic reports filed
with the SEC available at www.sec.gov. You are cautioned
not to place undue reliance on forward-looking statements, which
speak only as of the date on which they were made. The Company
undertakes no obligation to update such statements to reflect
events that occur or circumstances that exist after the date on
which they were made, except as may be required by
law.
Investors:
The
Equity Group Inc.
Devin
Sullivan
dsullivan@equityny.com
212-836-9608
Media Contact:
Zito
Partners
Andrew
Hoffman
andrew@zitopartners.com
908-546-7447