Mission Viejo, CA -AUXILIO, Inc. (AUXO:OTCQB), the nation’s leading Managed Print Services (MPS) company for the healthcare industry, announced today that it 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.”
Mike Gentile, Founder and CTO, of Delphiis stated, “The similarities between the Delphiis and AUXILIO business models, from both offering solutions that impact every aspect of an organization, to common decision makers and types of customers we serve, are extensive. Further, and most importantly, our core mission is to solve complex security challenges with simple, fast and collaborative solutions delivered with the highest quality of customer service. In the realm of print management, AUXILIO has taken this same approach and in doing so has won the respect and business of an impressive roster of clients. The similarities in our business models make us very excited about the opportunity and believe the combination of the two businesses accelerate customer adoption and provides Delphiis with an opportunity for national expansion.”
