Colorado Springs, CO (March 1, 2017) - In response to remaining #1 on the Cybersecurity 500 for Q1 2017, root9B's Chief Executive Officer Eric Hipkins issued the following statement:
"root9B is extremely proud to remain as the #1 company on the Cybersecurity 500 for the fifth consecutive quarter. Our team continues to set the standard in the Manned Information Security and Adversary Pursuit Operations (HUNT) market. This consistent ranking adds further confidence that our approach is the critical model needed to defend our current and future clients.
"As Cybersecurity Ventures Founder and Editor-in-Chief Steve Morgan said in his company's press release, human capital has moved ahead of technology when companies are considered for the Cybersecurity 500. There is a prolonged labor shortage in the cybersecurity industry, with more than 1 million job openings in 2017, and that is only growing. We believe root9B has the greatest collection of cyber veterans who know how to deal with diverse types of sophisticated cyber adversaries and technical vulnerabilities.
"As the organization that first introduced proactive HUNT operations to the commercial community, we have developed and refined our proprietary capabilities and methodologies to facilitate the necessary shift from automated passive technologies. We are very pleased with the response and traction we continue to gain. As we continue to witness the adversary target the commercial community, this alternative approach has proven to be the future of cyber. We are also very excited to see many organizations within the cyber community embrace the future that HUNT provides.
"According to the Cybersecurity Market Report, cybercrime continues to fuel an expanding cyber market. Cybersecurity Ventures recently predicted that cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion last year and worldwide spending on cybersecurity products and services is forecast to eclipse $1 trillion for the five-year period from 2017 to 2021. As the global spotlight continues to shine on this vital space, we are once again both honored and humbled to be the top global cybersecurity company on the Cybersecurity 500."
root9B is a wholly-owned subsidiary of root9B Holdings (NASDAQ: RTNB), a leading provider of cybersecurity and regulatory risk mitigation services.
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.
root9B Holdings is a leading provider of Cybersecurity and Regulatory Risk Mitigation Services. Through its wholly owned subsidiaries root9B and IPSA International, 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 http://www.root9bholdings.com/.
Certain statements contained in this press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of the Company's business. These risks, uncertainties and contingencies are indicated from time to time in the Company's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that the Company's financial results in any particular period may not be indicative of future results. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
The Equity Group, Inc. Devin Sullivan
Senior Vice President