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Cycurion adds Panoptic platform with Secuvant acquisition
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Cycurion Inc (NASDAQ:CYCU) has completed its acquisition of Secuvant LLC, the developer of the Panoptic cybersecurity platform, through a merger that closed on June 2, the company said. The McLean, Virginia-based company, which sells AI-driven cybersecurity, IT security and managed services, said the purchase of Secuvant accelerates its growth strategy and brings the Panoptic platform into its product line. The transaction is valued at approximately $2.875 million, comprising $875,000 in cash and 888,888 shares of preferred stock representing roughly $2.0 million in value. Secuvant equityholders are also eligible for contingent earn-out payments over three years from 2026 through 2028, including guaranteed annual payments of $100,000 and additional amounts tied to gross profit from certain revenue streams. Any performance-based earn-out will be settled half in cash and half in shares of Cycurion common stock. Bringing Secuvant in-house adds an established threat-detection platform to a portfolio that Cycurion has built around managed security services. The company positioned Panoptic as a core asset of the combined business, though it did not provide customer counts, revenue contribution or integration timelines for the acquired operation. Acquisitions of platform-based security vendors give managed-service providers like Cycurion owned technology to sell alongside their services, reducing reliance on third-party tools. Cycurion has not said how it will fund integration costs or whether Secuvant's staff and contracts carry over, details that will determine how quickly the deal contributes to results. Cycurion describes itself as a provider of AI-driven cybersecurity, IT security solutions and managed services for commercial and government customers. Secuvant is the creator of the Panoptic platform and operated as an independent cybersecurity firm before the merger.
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