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CSP Inc. (NASDAQ: CSPI) is at the forefront of tackling some of the most demanding challenges in computing, including performance, availability, and security concerns. As an industry leader, CSPI provides both hardware and service solutions, operating through two main pillars: the High-Performance Products Division and the Technology Solutions Division.
The High-Performance Products Division is known for its Myricom ARC series network adapters, which play a crucial role in financial trading, video and multimedia production, and packet capture. These high-performance products are essential in industries requiring fast and reliable network solutions.
In the Technology Solutions Division, the focus is on IT and cybersecurity services. This division is split into two primary areas:
- IT Professional Services: This segment offers comprehensive IT managed services, including 24/7 monitoring and expert support to help businesses manage and secure their IT infrastructure efficiently.
- Security Services: Known for its advanced
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), announced a new reseller partnership with CED Industrial Solutions Network, a provider of Rockwell Automation software across 19 US states. The partnership focuses on distributing ARIA's AZT PROTECT™, a zero-trust cybersecurity solution that protects critical infrastructure applications from malware, ransomware, and nation-state-backed attacks. The solution uses AI-based countermeasures to lock down critical applications and prevent code-based attacks on production control systems. CED will distribute the solution through its network of 80 branch offices.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), announced that a major independent retail energy producer has selected ARIA AZT PROTECT for deployment across over 30 plants. The solution provides zero-trust protection for critical infrastructure applications, specifically designed to combat zero-day malware, ransomware, and nation-state-backed attacks. The AI-based system offers automated protection for both legacy and modern power plant operations, ensuring regulatory compliance while protecting vulnerable production control systems.
CSP Inc. (NASDAQ:CSPI) reported fiscal third quarter 2024 results, highlighting a 10% growth in services revenue and a 150 basis point improvement in gross margin percentage. The company achieved near-record cash position while continuing infrastructure buildout for AZT PROTECT market penetration. Key highlights include:
- Revenue of $13.1 million, down from $17.7 million in Q3 2023
- Services revenue increased to $5.3 million, up 10% year-over-year
- Gross profit of $4.6 million, or 35.0% of sales
- Net loss of $0.2 million, or $0.02 per diluted share
- Cash and cash equivalents of $28.9 million
The company expanded its AZT PROTECT customer base, entered new reseller partnerships, and hired a new VP of Global Sales to accelerate adoption. CSPi also declared a quarterly dividend of $0.03 per share.
CSPi (NASDAQ:CSPI), a provider of security and packet capture products, managed IT and professional services, and technology solutions, has announced the release date for its fiscal 2024 third quarter financial results. The company will issue the results before the market opens on Tuesday, August 13, 2024.
Following the release, CSPi will host a conference call at 10:00 a.m. ET on the same day. President and CEO Victor Dellovo and CFO Gary W. Levine will lead the call, reviewing financial results and providing a business update. Investors and interested parties can access the live webcast through the provided link or join via telephone using the specified dial-in numbers and participant access code.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), has been selected by Worldwide Technology (WWT) to supply its AZT PROTECT™ solution to customers. This partnership gives ARIA access to WWT's large customer base, particularly in operational technology (OT) environments and critical infrastructure. The AZT PROTECT™ solution, launched in July 2023, is designed to stop sophisticated cyberattacks without relying on frequent updates or patching. ARIA's CEO, Gary Southwell, highlighted the increasing prevalence of attacks on critical infrastructure and the need for effective defense solutions. The partnership aims to address the growing cybersecurity challenges faced by critical infrastructure providers worldwide.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), has been selected to present at the Rockwell Automation Fair in Anaheim, California, from November 18th to 21st. The event will focus on industrial automation challenges, particularly the rise in cybersecurity attacks on critical infrastructure. ARIA will showcase its AZT PROTECT™ solution and present on measuring cybersecurity risks in industrial operations.
ARIA CEO Gary Southwell will discuss attack techniques, their financial impact, and how companies can comply with new insurance and regulatory requirements. Since 2021, ARIA has detected over 700 attacks similar to the Colonial Pipeline incident. The company is collaborating with Rockwell to bring new solutions to manufacturing environments, complementing existing defenses and addressing gaps in security.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), offers AZT PROTECT to prevent outages caused by flawed cloud-based updates, like the recent CrowdStrike-induced Windows outage on July 19, 2024. This lightweight agent can be deployed alongside existing protection systems to:
- Stop untested updates from automatically implementing on critical systems
- Catch sophisticated attacks missed by other vendors
- Allow time for proper testing of software updates
- Protect critical infrastructure without requiring frequent updates
AZT PROTECT uses a different approach that doesn't rely on constant updates, enabling companies to apply best practices in testing cybersecurity updates before deployment while maintaining protection against attacks.
ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI), has announced a strategic partnership with Forescout Technologies to enhance the protection of production applications from sophisticated cyberattacks. The integration involves ARIA's AZT PROTECT zero trust solution and the Forescout Platform, providing unprecedented visibility and security for critical operational technology (OT) environments.
The AZT PROTECT solution focuses on stopping malware, ransomware, and nation-state-backed attacks, ensuring enhanced protection through detailed analytics and real-time neutralization of threats. This collaboration aims to offer comprehensive monitoring, control, and compliance reporting, reducing vulnerability exploits to near zero by utilizing a patented AI-driven technique.
The partnership promises to benefit Forescout's customers by delivering detailed application and device-level monitoring, automated attack halting, and enforced protection policies. ARIA CEO Gary Southwell highlighted the advantages of this integration, emphasizing its effectiveness against zero-day and supply chain attacks without the need for constant security patching.
ARIA Cybersecurity, a business unit of CSPi (NASDAQ:CSPI), announced that its AZT PROTECT application has won its ninth major industry award within nine months of its launch. The latest recognition comes from the 2024 Fortress Cybersecurity Awards in the 'Application Security' category. AZT PROTECT is designed to protect operational technology (OT) environments from sophisticated cyberattacks, including nation-state and supply-chain threats, without relying on constant cloud updates and patching. It has been deployed in various sectors, such as manufacturing, healthcare, government, and financial services. The solution has gained previous accolades from the Cybersecurity Excellence Awards, Global InfoSec Awards, and Globee Awards for Cybersecurity.
ARIA Cybersecurity Solutions announced a partnership with Ebryx, recognizing Ebryx as a premier Managed Security Service Provider (MSSP).
Ebryx will deploy ARIA's AZT PROTECT™ as a managed service, targeting high-value critical infrastructure customers in North America, EMEA, and APAC regions.
The collaboration follows an extensive in-house red-team evaluation by Ebryx, confirming the effectiveness of AZT PROTECT™.
ARIA's Vice President, Gary Southwell, expressed enthusiasm about the partnership, highlighting its potential to enhance cybersecurity solutions in key markets.
Ebryx's CEO, Ahrar Naqvi, emphasized the significant role of AZT PROTECT™ in augmenting their Zero Trust solutions, aiding organizations in countering cyber threats efficiently.
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