AUXILIO, a leading managed print services (MPS) company for the healthcare industry, is acquiring California-based Delphiis, a pioneer in the information security, risk management and compliance industry.
Delphiis helps organizations manage their information security through professional services, managed services and licensing of their patented SaaS platform risk assessment and management solution.
AUXILIO is purchasing Delphiis through a combined cash and stock deal valued at approximately $2.7 million dollars plus additional commitments from and incentives to retain the existing management team including Mike Gentile, founder and chief technology officer (CTO) of Delphiis as AUXILIO's executive vice president of Innovation and Security.
Joe Flynn, CEO of AUXILIO, stated: "We are excited to add Delphiis to our existing suite of services focused on helping healthcare customers solve critical information security issues while saving money.
“Delphiis' talented team of information security professionals will enable us to scale this new service offering to AUXILIO's installed customer base while leveraging our existing field staff. This acquisition helps achieve our broader goals of driving incremental revenue growth with margin expansion opportunities."
AUXILIO, Delphiis, US