Cyber AI Group Appoints Walter L Hughes as Chief Executive Officer
Miami, United States, June 20th, 2024, FinanceWire
Accomplished Tech Executive to Lead Growth in Cybersecurity and IT Services
Cyber A.I. Group, Inc., an early-stage cybersecurity, A.I., and IT services company, revealed today that Walter L. Hughes will be joining as Chief Executive Officer. A.J. Cervantes, Jr., Executive Chairman of Cyber A.I. Group and Chairman of Trilogy Capital Group, LLC, the founding shareholder of Cyber A.I., made the announcement.
Walter Hughes has had a successful 15+ year career as an executive in eight different industries, including key roles at Meta and Elevance Health (formerly Anthem), with significant contributions to innovative startups and government sectors. Mr. Hughes has nearly two decades of experience in pioneering technology companies with a focus on Artificial Intelligence.
“Walter’s career is a testament to driving business transformation,” noted Mr. Cervantes. “His expertise in finance and technology has evolved to embrace and master 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 thrilled to be joining Cyber AI Group as CEO. With its cutting-edge approach and incredible potential, it’s an opportunity to leverage everything I’ve learned across multiple technology-driven industries and put it to work generating transformative change. Building on Cyber AI’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
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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
[email protected]
Contact
A.J. Cervantes Jr
[email protected]