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Cyber A.I. Group Announces the Engagement of Walter L. Hughes as Chief Executive Officer
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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
A.J. Cervantes Jr
info@cyberaigroup.io
Cybersecurity refers to the practice of protecting systems, networks, and programs from digital attacks. It involves implementing technologies, processes, and controls to safeguard sensitive data from unauthorized access.
Artificial intelligence (AI) is the simulation of human intelligence in machines programmed to think and learn like humans. AI technologies include machine learning, natural language processing, and robotics.
Venture capital is a form of private equity financing that provides funding to startups and small businesses with long-term growth potential. Investors receive equity in exchange for their investment.
IT services encompass a range of services related to information technology, including software development, network management, and technical support, aimed at helping organizations manage their IT infrastructure.
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