Telos Corporation reports developments in cyber, cloud and enterprise security solutions for government agencies, regulated industries and global enterprises. Its updates commonly cover financial results, investor events, the Xacta® cyber governance, risk and compliance platform, identity and biometric solutions, secure networks and communications, and TSA PreCheck® enrollment services.
Company news also includes authorization and compliance milestones for Xacta modules, expansion of TSA PreCheck enrollment access, and business outlook commentary tied to recurring earnings releases.
ST Engineering has partnered with Telos Corporation to enhance cybersecurity solutions in the Asia-Pacific region. This alliance will integrate Telos' Ghost and Xacta technologies into ST Engineering's cloud governance offerings, aiding organizations in regulated sectors to boost their security compliance. The collaboration is aimed at addressing increasing cyber threats by streamlining compliance processes. ST Engineering, known for its technology and defense solutions, reported $7.9 billion in revenue in FY2019.
Telos Corporation has launched Xacta.io 1.5, enhancing its cyber risk and compliance platform to support AWS cloud resources. This update aims to address concerns raised by 86% of organizations regarding compliance when transitioning to the cloud. Users can now scan AWS resources, integrating results with on-premises data for comprehensive vulnerability analysis. New integrations with tools like Splunk and Amazon Inspector provide deeper insights into security vulnerabilities. This release emphasizes the importance of continuous monitoring and compliance across diverse environments.
Telos (Nasdaq: TLS) announced that CEO John B. Wood and CFO Michele Nakazawa will present at the 23rd Annual Needham Virtual Growth Conference on January 14, 2021. The presentation is set for 2:00pm E.T. and will include one-on-one investor meetings. Attendees can register through Needham & Company. The live audio webcast will be accessible on Telos’ investor relations website for subsequent viewing. Telos is recognized for its cybersecurity and cloud security solutions, serving various government and commercial sectors.
Telos Corporation has partnered with AWS to launch professional services in AWS Marketplace, enhancing its cloud service offerings. Customers can now easily purchase Telos professional services alongside software solutions in a single procurement experience. This integration aims to streamline the process for AWS users seeking to implement and manage workloads in the cloud. Telos introduces six service offerings, including Xacta training and assessments, to assist customers in their cloud migration journey.
Telos Corporation has successfully closed an additional 2,245,328 shares of its common stock, following the full exercise of the underwriters’ over-allotment option during its initial public offering. The shares were priced at $17.00 each, yielding gross proceeds of approximately $38.17 million. In total, Telos sold 17,214,187 shares, generating $292.64 million in gross proceeds. The company’s shares began trading on the Nasdaq Global Market under ticker symbol TLS on November 19, 2020.
Telos Corporation has successfully closed its upsized initial public offering, selling 17,214,187 shares at $17.00 each, raising gross proceeds of approximately $292.64 million. The shares began trading on Nasdaq under the symbol TLS on November 19, 2020. The offering's joint bookrunners include B. Riley Securities, BMO Capital Markets, and Needham & Company. An additional 2,245,328 shares were purchased through an over-allotment option exercised by underwriters. The transaction is subject to customary closing conditions.
Telos Corporation announced the pricing of its initial public offering (IPO) with 14,968,859 shares at $17.00 per share, set to begin trading on Nasdaq under the ticker symbol TLS from November 19, 2020. The IPO is expected to close on November 23, 2020. Proceeds will be used for general corporate purposes, purchasing a non-controlling interest in Telos Identity Management Solutions LLC, and retiring debt. The underwriters have a 30-day option to purchase an additional 2,245,328 shares at the IPO price.