Telos Awarded $13.5M FBI Contract for Enterprise Risk Management
Telos Corporation (NASDAQ: TLS) has secured a contract worth approximately $13.5 million from the FBI.
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Rhea-AI Summary
Telos Corporation (NASDAQ: TLS) has secured a contract worth approximately $13.5 million from the FBI. This contract entails the deployment of Telos' Xacta solution to enhance governance, risk management, and compliance (GRC) within the Bureau's cyber security framework. The base value of the contract is over $4 million and spans a year, with options for four additional years. Xacta's capabilities include real-time risk assessments, customizable interfaces, and integration within various cloud architectures.
Positive
- Secured a $13.5 million contract with the FBI for deploying Xacta.
- Base contract value exceeds $4 million with four optional years.
- Xacta solution addresses FBI's GRC implementation challenges.
Negative
- None.
Details
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Bureau’s Enterprise Information Security Section to leverage Xacta to meet stringent GRC requirements
ASHBURN, Va., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Telos® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced that it was awarded a contract valued at approximately
The base contract is valued at over
“The FBI experienced persistent challenges with their GRC requirements implementation,” said John B. Wood, CEO and chairman, Telos. “With its seamless deployment and automation, Xacta was the logical answer to mitigate the challenges. Xacta has been successfully deployed across the federal government including the Intelligence Community, civilian agencies and the Department of Defense, and we are excited to extend this work to the FBI.”
The Xacta suite of enterprise cyber risk management and compliance automation solutions helps organizations meet the complex challenges of managing IT risk with continuous compliance monitoring, security assessment and ongoing authorization. For more information about Xacta, including various use cases, visit: https://www.telos.com/xacta.
About Telos Corporation
Telos Corporation (NASDAQ: TLS) empowers and protects the world’s most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos’ offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions to ensure that personnel can work and collaborate securely and productively. The company serves military, intelligence and civilian agencies of the federal government, allied nations and commercial organizations around the world.
Media:
Mia Wilcox
Merritt Group on behalf of Telos Corporation
Email: wilcox@merrittgrp.com
Phone: (610) 564-6773
Investors:
Brinlea Johnson
The Blueshirt Group on behalf of Telos Corporation
brinlea@blueshirtgroup.com
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