Cycurion Inc., a prominent figure in the IT cybersecurity and AI domain, has recently announced the securing of $89 million in total contracts. Among these, a significant $20 million deal with the National Association of County and City Health Officials (NACCHO) stands out. This collaboration is set to equip NACCHO members with Cycurion's Managed Security Services Platform (MSSP), Cyber Shield, aiming to mitigate the acute shortage of cybersecurity professionals and combat the escalating threat of data breaches within the healthcare sector.
The company's financial achievements further highlight its growth trajectory, with first-quarter revenue hitting $3.9 million and gross profits witnessing a 95.4% increase year-over-year. Cycurion attributes this success to its strategic emphasis on capturing and retaining profitable business, alongside its expansion into new markets. Notably, the launch of Cycurion Crypto marks its foray into acquiring Bitcoin (BTC) and Ethereum (ETH) as long-term holdings, thereby diversifying its cash reserves and embedding itself within the blockchain economy.
Kevin Kelly, CEO of Cycurion, underscored the strategic significance of the Cycurion Crypto unit, aligning it with the company's overarching mission to develop secure digital infrastructure while engaging with the blockchain landscape. This initiative not only aims to augment shareholder value but also to uncover new revenue streams in blockchain-based cybersecurity solutions.
With a portfolio of contracts spanning public higher education institutions, state police agencies, and major municipal transportation agencies, Cycurion is reinforcing its status as a pivotal entity in the cybersecurity arena. Its innovative strategies, from addressing healthcare cybersecurity challenges to exploring cryptocurrency ventures, underscore its dedication to meeting the dynamic demands of the digital economy. For further details on Cycurion's cybersecurity offerings, visit https://www.cycurion.com. Information regarding the NACCHO partnership is available at https://www.naccho.org.
