Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Cyderes Announces First Half Growth Rate of Over 63%


News provided by

Cyderes

07 Sep, 2022, 12:57 GMT

Share this article

Share toX

Share this article

Share toX

TORONTO and KANSAS CITY, Mo., Sept. 7, 2022 /PRNewswire/ -- Robert Herjavec, CEO of Cyderes and co-star of the hit Emmy award-winning show Shark Tank, today announced half year financial performance for the newly formed cyber defense and response powerhouse that resulted from the award-winning merger of managed services providers Herjavec Group and Fishtech Group.  

Continue Reading
This image opens in the lightbox
New executive leadership at Cyderes includes Tim MalcomVetter, SVP Managed Services; Sarah Redford, Chief People Officer; Carrie Kelly, Chief Marketing Officer; and Anthony Aurigemma, Chief Revenue Officer.

"Merging two great security companies was a big task unto itself, but I am thrilled to say we have met the challenge and then some," said Herjavec. "Not only is our merger well ahead of schedule but we have added an additional 270 people since we announced the deal. And most importantly, we have exceeded our financial performance and our technology integration for the benefit of our clients."

Key growth statistics for Cyderes for the first half of 2022:

  • 63% growth in managed services, MDR and XDR revenues
  • Continued profitability
  • EBITDA results that exceeded target by over 100%

"I am also happy for the recognition given to us by SC Media in announcing our recent merger as the 'Deal of the Year,'" added Herjavec. "I truly believe this is one of those rare cases where the merged entity is greater than the sum of its pieces."

Never happy to rest on its results, and laurels, Cyderes is also announcing new executive leadership to continue its growth:

  • Anthony Aurigemma, appointed Chief Revenue Officer, is a senior executive with more than 20 years' experience in technology sales, business development, strategic alliance, and services. As former Vice President of Security Sales at IBM, Anthony managed a large global sales organization, responsible for more than $2 billion in annual revenue.
  • Sarah Redford, appointed Chief People Officer, is a human resources executive with 20+ years' experience across technology and consulting. Her areas of expertise include talent strategy, mergers & acquisitions, executive coaching, performance management and organizational effectiveness. Sarah oversees the company's People strategy.
  • Carrie Kelly, appointed Chief Marketing Officer, brings 20+ years' experience building brands and developing category leadership for billion-dollar businesses and startups. Carrie was most recently CMO at Critical Start where she oversaw global marketing strategy and operations. Previously she has held leadership roles at Cisco Systems and CA Technologies.

The company has merged two world-class managed services organizations in over six locations across the globe – from Toronto to Kansas City, Bangalore and London. Cyderes, which stands for "cyber defense and response," uses its proprietary, cloud-first technology platform called CNAP (Cloud Native Analytics Platform) to help enterprises tackle complex cyber attacks, offering comprehensive solutions in managed security, identity and access management, and professional services.

"I am incredibly proud of our team and the work that has taken place in the past six months – from combining multiple ticket systems to one platform, to integrated dashboards, centralized threat reports that benefit our clients tremendously, and all our background work in automation and operations – built on our proprietary CNAP intelligence platform and industry leading SOAR platform (Siemplify)," said Herjavec. "Our team is now well over 800 people, serving our global client base and making it safer to do business online."

In order to continue this work and build out the company's future roadmap, Herjavec also announced the promotion of a new, senior leader for Cyderes' global Managed Services team:

  • Tim MalcomVetter, promoted to Senior Vice President, Managed Services, ran the engineering teams that built the Cyderes CNAP platform into an industry-leading tool. He well understands complex, global environments from his many years at Walmart where he worked to assess the company's security across five continents with more than two million associates and 200 million unique weekly customers.

As enterprises acquire ever-increasing security platforms (ex. Google, Microsoft, Splunk, Crowdstrike, CyberArk, SailPoint, Okta), the need for focused companies, such as Cyderes, to manage those disparate technologies and provide assurance becomes even greater. Security as a Service (SECaaS) is quickly becoming the desired outcome as cyber threats grow at unprecedented rates. Cyderes is in fact a market leader when it comes to the rapidly growing identity & access management (IAM) space, combining managed services around SIEM and identity platforms in addition to a full suite of IAM solutions.

About Cyderes

As the #1 MSSP in the world (Cyber Defense Magazine's 2021 Top MSSPs List), Cyderes is a global cybersecurity powerhouse offering comprehensive solutions in managed security, identity and access management, and professional services for the modern enterprise. Cyderes provides the people, processes, and technology to manage risk, and detect and respond to any threats – in ways that are better, faster, more cost-effective, and more scalable than traditional in-house solutions. Cyderes has six security operations centers across the United States, Canada, the United Kingdom, and India.

Media Contact: Justine Teplycky, justine.teplycky@cyderes.com

Photo - https://mma.prnewswire.com/media/1893123/Cyderes_Cyderes_Announces_First_Half_Growth_Rate_of_Over_63_.jpg 

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.