CISO Global Receives $49 Million Valuation for Argo Edge Cloud Security Platform

CISO Global Receives $49 Million Valuation for Argo Edge Cloud Security Platform

Scottsdale, Ariz. August 3, 2023 – CISO Global (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, has strengthened its security management platform Argo to increase the effectiveness of security teams who now can access real-time data across tool sets to make better informed decisions. The platform is able to aggregate data in real time from a client’s entire environment, including network asset information, currently deployed cyber tools, security operations center (SOC) services, vulnerability management, secure managed IT and penetration testing data. Using information from across all cyber tools and services, enterprises can build individual risk profiles for each network asset to better prioritize cybersecurity threats based on asset value.

Argo seeks to address multiple concerns of today’s enterprises. CISO Global experts have found many organizations complain of a lack of time, understaffing, overwhelming task lists, too many tools and ongoing security incidents. Rates of attack supported their concerns of ineffectiveness in what they were doing. One of the major contributors to the problem, observed CISO’s consultants, was the fact that IT directors and security managers are often forced to make somewhat blind decisions, due to system, operational, and data silos.

Argo was designed to provide relief for enterprises experiencing cybersecurity overload that can lead to cyber ineffectiveness. The platform helps clients better understand their entire cybersecurity program through dynamic visualizations.

 “With ongoing increases to cyberattack frequency, impact, and costs of an average breach, it’s very clear that the cybersecurity industry is suffering from a widespread ineffectiveness problem,” said Chief Technology Officer Jerald Dawkins, Ph.D., CISO Global. “Argo seeks to address that issue by aggregating and curating security data from across the enterprise to not only provide context for metrics, but pull the right information, making it actionable for our clients’ internal decision makers.”

Argo Security Management is currently in use with many CISO clients and supports CISO Global’s end-to-end portfolio of solutions, incorporating both proprietary IP and data from a host of trusted partners. The platform currently integrates with and visualizes data from Azure Sentinel, AlienVault, Chronicle SOAR (formerly Siemplify), SentinelOne, Microsoft Defender, Stellar Cyber, Nucleus, Nessus, SecPod Technologies, Datto, Veeam, KnowB4, ZenGRC, and Autotask.

While Argo is extremely powerful in its existing state, the company is heavily focused on expanding data ingestion capabilities, applying data science to cybersecurity data, as well as research and development of AI in the cybersecurity space. The Intellectual Property for Argo Security Management is an essential part of the company’s growing portfolio.

“To be effective, security leaders and IT directors need actionable information,” said CISO Global CEO David Jemmett. “You would never make expensive decisions in any other part of your business without evidence. Yet, CISOs all over the world have to base decisions on limited data visibility, and it’s making their jobs much more challenging than they need to be. The average enterprise has over 75 security toolsets, meaning they’re toggling between dozens of reports, dashboards, and portals. And all those visualizations were designed by vendors to promote use of their own tools. We are changing that, to empower our clients to significantly increase their effectiveness in protecting their critical data assets, which is a huge issue for today’s enterprise.”

About CISO Global

CISO Global (NASDAQ: CISO), based in Scottsdale, Arizona, is an industry leader as a managed cybersecurity and compliance provider. The company is rapidly expanding by acquiring world-class cybersecurity, secured managed services and compliance companies with top-tier talent that utilize the latest technology to create innovative solutions to protect the most demanding businesses and government organizations against continuing and emerging security threats and compliance obligations. For more information about the company, visit us on LinkedInTwitter or at

Safe Harbor Statement

This news release contains certain statements that may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, our belief that our Argo Edge tool stack is an easy-to-implement combined solution; our belief that the independent valuation of Argo Edge solidifies CISO Global as a growing leader in the cybersecurity industry, and that the solutions capabilities validate our journey to cyber resilience; our belief that Argo Edge protects corporate assets from ever having to touch the internet, as well as from direct user access; our belief that by aggregating and potentially replacing numerous tools, this solution empowers internal teams to manage technologies well, while reducing the daily time and specialized skillsets required to do so; our belief that this means that security teams that may lack enough specialized cybersecurity workers can still manage extremely powerful technologies effectively; and our design for Argo Edge to address widespread struggles of enterprises to achieve true resiliency across modern, distributed networks due to a combination of vendor sprawl, tool overload, remote and hybrid workforces, and cybersecurity expertise gaps. These statements are often, but not always, made through the use of words or phrases such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “predict,” “plan,” “project,” “continuing,” “ongoing,” “potential,” “opportunity,” “will,” “may,” “look forward,” “intend,” “guidance,” “future” or similar words or phrases. These statements reflect our current views, expectations, and beliefs concerning future events and are subject to substantial risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, risks related to our ability to raise capital; our ability to increase revenue and cash flow and become profitable; our ability to recruit and retain key talent; our ability to identify and consummate acquisitions; our ability to acquire, attract, and retain clients; and other risks detailed from time to time in the reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2022. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, we assume no obligation and do not intend to update any forward-looking statements, whether as a result of new information, future developments, or otherwise.

Public Relations Contact:
Janet Brumfield
IdealPR+ for CISO Global