CLEVELAND, June 5, 2023
/PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading
provider of financial, insurance and advisory services, announced
today that it has acquired information security consulting firm,
Pivot Point Security ("PPS"), of Hamilton, NJ, effective June 1, 2023.
Founded in 2001, PPS helps small and middle market businesses
navigate the complex challenges of information security and
compliance. These services include certification and compliance
preparation work for the most important U.S. and international
regulatory frameworks, gap analyses, such as vulnerability
assessments, penetration testing, and vendor risk management, and
other consulting services such as outsourced virtual Chief
Information Security Officer. PPS has 30 employees and recorded
$6.6 million in revenue in 2022.
Jerry Grisko, President and CEO
of CBIZ, said, "The acquisition of Pivot Point significantly
increases the depth of expertise and scope of the cyber and
security services that we provide to our clients. We have long been
searching for the right firm to enhance our services in this
area. In Pivot Point, I am confident that we found the right
team and we are very pleased to welcome them to CBIZ."
John Verry, of PPS, stated, "We
are very excited to join CBIZ. Being a part of a premier national
advisory services provider will expand our ability to provide
clients with best-in-class service and solutions to help them
secure and grow their businesses. Our mutual goal of establishing
enduring partnerships with clients and achieving outstanding
outcomes makes this an ideal match and provides our team
significant growth and professional development
opportunities."
About CBIZ
CBIZ, Inc. is a leading provider of financial, insurance, and
advisory services to businesses throughout the United States. Financial services include
accounting, tax, government health care consulting, transaction
advisory, risk advisory, and valuation services. Insurance services
include employee benefits consulting, retirement plan consulting,
property and casualty insurance, payroll, and human capital
consulting. With more than 120 Company offices in 33 states, CBIZ
is one of the largest accounting and insurance brokerage providers
in the U.S. For more information, visit www.cbiz.com.
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those projected. Such risks and
uncertainties include, but are not limited to, the risk that the
anticipated benefits and perceived advantages of an acquisition may
not be achieved; the impact of COVID-19 or governmental rules
related to public health issues on the Company's business,
operations and clients; the Company's ability to adequately manage
and sustain its growth; the Company's dependence on the trend of
outsourcing business services; the Company's dependence on the
services of its CEO, other key employees, producers and service
personnel; the effects of any potential cyber-attacks; competitive
pricing pressures; general business and economic conditions; and
changes in governmental laws or regulation affecting the Company's
clients, business, business services operations, or business
models. A more detailed description of such risks and uncertainties
may be found in the Company's filings with the Securities and
Exchange Commission at www.sec.gov.
View original
content:https://www.prnewswire.com/news-releases/cbiz-acquires-information-security-firm-pivot-point-security-301842706.html
SOURCE CBIZ, Inc.