Miami, United States, June 20th, 2024,
FinanceWire
Highly Successful Technology Executive to Drive Growth
in the Cybersecurity and IT Services Sectors
Cyber A.I. Group, Inc., an early-stage
cybersecurity, A.I. and IT services company, announced today the
engagement of Walter L. Hughes as Chief Executive Officer. The
announcement was made by A.J. Cervantes, Jr., Executive Chairman of
Cyber A.I. Group and Chairman of Trilogy Capital Group, LLC, Cyber
A.I.’s founding shareholder.
Walter Hughes has had an expansive 15+
year executive career across eight distinct industries, including
transformative roles at Meta and Elevance Health (formerly Anthem),
with impactful contributions to innovative startups and government
sectors. Mr. Hughes’ deep experience spans nearly two decades in
pioneering technology enterprises with a specific emphasis on the
intricacies and applications of Artificial Intelligence.
“Walter's career has been a testament to the art of
driving business transformation,” noted Mr. Cervantes. “Rooted in a
solid foundation in finance and technology, his expertise has
evolved, embracing and mastering the intricate processes of
fostering business success. This mastery is underpinned by a
profound application of Six Sigma methodologies and strategic
venture capital endeavors, positioning him as a pioneering
force.”
Mr. Hughes stated, “I’m absolutely thrilled to be
joining CyberAI Group as CEO. With its cutting edge approach and
incredible potential, it's a chance to leverage everything I've
learned across multiple technology-driven industries and put it to
work generating transformative change. Building on CyberAI’s strong
foundation and seasoned management team, I'm excited to be a force
at the forefront of this burgeoning business, shaping the future of
this dynamic company.”
“The cybersecurity and IT services industries are
highly fragmented and lend themselves to a proactive consolidation
strategy,” continued Mr. Hughes. “We believe a large pool of
prospective acquisitions exists offering substantial opportunity
for an emerging growth private company on a path to public
ownership. The cybersecurity market alone has witnessed remarkable
growth and reached a value of $202 billion in 2022. We are
confident that an IT/cybersecurity services company with advanced
A.I. capabilities can provide clients with numerous proactive and
customized cybersecurity services to optimize technology security
and improve business operations and
performance.”
“The IT services industry has grown into one of the
fastest growing sectors in the United States and around the world,
with forecasts of continued double-digit growth over the next
decade,” noted Mr. Cervantes. “This is compounded by the massive
proliferation of highly publicized data breaches and ransomware
attacks that are further propelling demand for cybersecurity
expertise. Cyber A.I. Group is leveraging this skyrocketing demand,
combined with a core focus on fundamentals, by pursuing a
“Buy-and-Build” strategy of acquiring a broad spectrum of IT
services companies and positioning them to address the fast-growing
needs for the cybersecurity and A.I. markets.”
Artificial intelligence, under
development and building momentum for decades, is emerging as one
of the most potentially powerful and disruptive forces in the
Information Age. Recent moves have seen remarkable advances, such
as the launches of OpenAI‘s ChatGPT A.I. chatbot and Google‘s Bard
A.I. chatbot. This rapid proliferation of A.I. is introducing not
just new capabilities, however, but also new dangers and security
concerns. To capitalize on these opportunities and challenges,
Cyber A.I. intends to integrate A.I. services in all aspects of its
business as it expands.
Reg 506(c)
Offering
The Company is conducting a private
placement offering (the “Offering”) pursuant to Regulation 506(c)
as promulgated by the Securities and Exchange Commission. The terms
of the Offering are up to Two Million Dollars ($2,000,000) of
seventeen and one-half percent (17.5%) Promissory Notes with Equity
Consideration in the form of Founders’ Stock (each a “Note,” and
collectively the “Notes”). The minimum investment amount is
$50,000. The Company reserves the right to accept lesser amounts in
its sole discretion. The term sheet for the Offering can be found
here.
About Trilogy Capital
Group
Trilogy Capital Group, LLC is a
Delaware limited liability company and private equity firm based in
Miami, Florida. Trilogy Capital Group and its predecessor company,
Trilogy Capital Partners, Inc., are a financial services group
which has been engaged in Private Equity, Venture Capital, Merchant
Banking and Financial Advisory since 2002. For additional
information, please visit: trilogy-capital.com.
About Cyber A.I.
Group
Cyber A.I. Group, Inc. is a newly
formed Florida corporation that will engage in the acquisition and
management of domestic and international cybersecurity and IT
services firms. The founders and management of Cyber A.I. are
pursuing a “Buy-and-Build” strategy to rapidly expand operations by
acquiring a broad spectrum of IT services companies and
repositioning them to address fast-growing market needs for
cybersecurity and artificial intelligence (A.I.) markets. The
Company’s initial target is to acquire multiple companies
representing aggregate revenues approaching $100 million. The
Company is focusing its acquisition targets as those with the most
favorable terms and lend themselves to certain benefits through
integration including horizontal and vertical marketing and
economies of scale. Cyber A.I.’s business model is focused on the
acquisition and consolidation of IT services companies with proven
ability in broad conventional technology services. This emphasis on
conventional companies with strong revenues and cash flow
distinguishes Cyber A.I. from the explosion of A.I. startups that
may be pinning their future on a single technological breakthrough
which may never materialize. This “Buy-and-Build” strategy provides
Cyber A.I. with the maximum flexibility for diversification and
risk management for moving into new fields and addressing fast
moving market opportunities. For additional information, please
visit: cyberaigroup.io.
Contact
Cyber A.I. Group, Inc.
990 Biscayne Blvd., Suite 503
Miami, FL 33132
info@cyberaigroup.io
Contact
A.J. Cervantes
Jr
info@cyberaigroup.io