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Infinite Group, Inc. (OTCQB:IMCI) announced a 75-to-1 reverse stock split to facilitate its planned listing on The Nasdaq Capital Market. The reverse split will take effect on October 19, 2022, with common stock trading under the temporary ticker symbol IMCID. Following the split, approximately 453,149 shares will be outstanding. The move aims to meet the minimum share price requirement for Nasdaq. The company believes it meets other listing criteria and filed an application for the Nasdaq listing.
Infinite Group, Inc. (OTCQB:IMCI) will sponsor three significant events in October 2022 during Cybersecurity Awareness Month, showcasing its advanced vulnerability management solution, Nodeware, and a full suite of cybersecurity services including Virtual CISO and Incident Response. The events include the Rochester Security Summit, C3 Technology Summit, and the Telarus Partner Advisory Council. With a strong market presence, IGI aims to enhance brand recognition and client support through these platforms.
Infinite Group, Inc. (OTCQB:IMCI) has announced its role as a Champion for Cybersecurity Awareness Month 2022, highlighting the importance of cybersecurity for individuals and businesses. The initiative, now in its 19th year, aims to empower organizations to enhance their cybersecurity measures. Key focus areas include basic cyber hygiene, recognizing phishing attempts, and promoting cybersecurity as a career. IGI emphasizes the significance of a combined approach of technology and people in defending against cyber threats and supporting efforts to raise awareness about online safety.
Infinite Group, Inc. (OTCQB:IMCI) announced the integration of its Nodeware technology with strategic partners to enhance vulnerability management for Managed Service Providers (MSPs). The partnerships aim to improve operational efficiency, increase revenue, and deliver added value to clients. Key partners include SecurityStudio, Cysurance, and Gradient MSP. These integrations enable continuous scanning and enhanced risk management, further promoting better cyber hygiene. The firm emphasizes that its solutions help MSPs provide robust cybersecurity services and improve client outcomes.
IGI CyberLabs, a subsidiary of Infinite Group (OTCQB: IMCI), has announced a partnership with Gradient MSP to integrate their vulnerability management solution, Nodeware, into Gradient's Synthesize platform. This integration automates billing reconciliation for Managed Service Providers (MSPs), enhancing profitability and operational efficiency. Notable features include the support for eight leading PSA platforms, allowing MSPs to manage licenses effortlessly. The partnership aims to provide valuable tools that improve customer service and increase operational productivity.
Infinite Group, Inc. (IMCI) will sponsor the 2022 Telarus Partner Summit held from August 2-5 in Salt Lake City. This four-day event aims to educate partners while fostering connections between suppliers and partners. IGI plans to showcase its range of cybersecurity solutions, including the patented Nodeware vulnerability management tool, which enhances network visibility and lowers cyber-attack risks. The company emphasizes its collaboration with Telarus to bolster its market presence and partner engagements.
IGI CyberLabs, a subsidiary of Infinite Group (OTCQB:IMCI), announces a partnership with Xerox Services to market integrated cybersecurity solutions. Utilizing Nodeware's vulnerability management and SecurityStudio's S2 risk management platform, the collaboration aims to enhance cybersecurity for underserved sectors such as K-12 education and small businesses. The partnership emphasizes a cost-effective, continuous risk management approach, promising real-time alerts and comprehensive risk profiles for clients.
IGI CyberLabs, a subsidiary of Infinite Group (OTCQB:IMCI), has announced a partnership with ThreatAdvice to integrate its Nodeware solution into ThreatAdvice's cybersecurity platform. This integration enhances the Breach Prevention Platform utilized by Managed Service Providers (MSPs) by allowing continuous scanning for vulnerabilities across networks and devices. The addition of Nodeware aims to bolster cyber resiliency and protect small to medium-sized businesses against attacks. ThreatAdvice's solution was recently awarded "Best Solution" at a tech conference, highlighting its effectiveness in the cybersecurity landscape.
Goldman Small Cap Research announced a new research update on Infinite Group, Inc. (OTCQB:IMCI), focusing on their upcoming acquisition of Pratum, Inc. and a planned equity offering. The acquisition of Pratum, a cybersecurity firm with $4.4M in sales, is set to enhance IMCI's service offerings and Midwest market presence. IMCI aims to raise up to $15M through the equity offering, with notable future valuation potential as the company transitions from a low price/sales ratio to more competitive levels. The report suggests future uplisting on NASDAQ could further increase stock value.
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