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Auxilio Business Operations to Assume CynergisTek Name

Managed Document Solutions and Cybersecurity Segments to Operate Under the Common CynergisTek Brand

Mission Viejo, CA, August 29, 2017 — Auxilio Inc. (NYSE MKT: AUXO), a leading provider in healthcare document services and cybersecurity solutions, today announced that it has officially assumed the CynergisTek name and the NYSE MKT ticker symbol will become “CTEK”, effective September 8, 2017.

CynergisTek was acquired by Auxilio in January of 2017 and has a proven track record of delivering unmatched healthcare expertise and value to its growing client base which includes hundreds of the largest and most prestigious health systems and hospitals in the country.

Joe Flynn, CEO of Auxilio commented, “Operating under a common name was a logical next step as we see continued crossover between managed document solutions and cybersecurity demands with our healthcare customers.  This move will allow us to fully leverage our customer relationships and build upon the exceptional brand that CynergisTek has created over the years.”

Mac McMillan, President and Chief Strategy Officer added, “The integration of print and digital security is critical to building and maintaining a secure infrastructure today.  With the marriage of these components under one brand, we are unified in our mission to offer healthcare organizations the most comprehensive information management solutions to effectively mitigate risk, optimize productivity and drive savings.”

About Auxilio, Inc.

Auxilio (www.auxilioinc.com) is a leading provider bundling best of breed IT security and workflow solutions into its managed document services program designed exclusively for the healthcare industry. Since 2004, the company has saved more than $80 million for its clients by providing a vendor neutral program that enhances security of printed, stored data and digital documents while driving out costs and inefficiencies within the patient information logistical chain. The company’s document management best practices and intelligent workflow automation suite transforms printed documents to digital workflows, reducing waste and improving end-user satisfaction.

About CynergisTek

CynergisTek, an Auxilio company, (www.cynergistek.com) is a top-ranked cybersecurity, privacy and compliance consulting firm. The company offers solutions to help organizations measure privacy, security and compliance programs against regulatory requirements and assists in developing risk management best practices. Since 2004 the company has served as a partner to hundreds in the healthcare industry and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been named in numerous research reports as one of the top firms that provider organizations turn to for privacy and security, and won the 2017 Best in KLAS award for Cyber Security Advisory Services.

 

August 29, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Auxilio has Acquired Healthcare IT Security Solutions Leader, CynergisTek for up to $34.3 Million

Deal Will Expand CynergisTek Capabilities with Addition of New Services, Tools and Personnel from Redspin, an Auxilio Company

Mission Viejo, CA, January 17, 2017Auxilio, Inc. (OTCQB: AUXOD), a leading provider of complete document workflow solutions and IT security services for the healthcare industry, announced today that it acquired Austin, TX based CynergisTek, an industry leader in health information privacy, compliance and cybersecurity consulting, for initial consideration of approximately $26.8 million in combined cash, stock, and seller debt.  Additional “earn outs” may be paid of up to $7.5 million over the next five years based on certain financial criteria being met.  The acquisition will enable the Company to meet growing demand from healthcare customers for comprehensive IT security solutions that reduce risk and deliver long-term value.

CynergisTek generated approximately $15 million in revenues and $5.0 million of  EBITDA in 2016.  The transaction is expected to be substantially accretive to 2017 EPS.  CynergisTek will continue to operate independently as a wholly-owned subsidiary of Auxilio, offering end-to-end IT security solutions to a diverse and growing customer base, including some of the largest and most prestigious health systems in the country. As part of the deal, Auxilio’s Redspin division will become part of CynergisTek, to complement existing offerings such as penetration testing, security assessment and risk management solutions, and to bolster technical resources and capabilities.  CynergisTek has provided services to hundreds of hospitals and healthcare organizations since its inception in 2004 and was recently recognized by KLAS, a provider of unbiased vendor performance data for the healthcare IT security sector, as the highest-rated firm that healthcare provider organizations rely on for security consulting and services.

The initial consideration paid to CynergisTek of approximately $26.8 million consists of $15 million in cash, approximately 1.17 million shares of Auxilio common stock and a seller’s note in the amount of $9 million.  Auxilio will enter into a 5 year term loan from Avid Bank in the amount of $14 million to fund the cash portion.

“We have long stated our desire to expand our reach in healthcare IT security and this acquisition puts us in an immediate leadership position in the category.  We have come to know the founders and employees of CynergisTek quite well over the last couple of years and from the earliest conversations it was obvious we shared a vision of what the future of healthcare IT security and document workflow looked like and how the two will become increasingly intertwined,” stated Joe Flynn, CEO of Auxilio.  “While CynergisTek will continue to operate independently, there are numerous opportunities for mutually assisted growth over the near term and we foresee the ability to offer services under a combined umbrella over time.  This is a truly unique fit and we could not be more excited to complete this transaction.”

CynergisTek founders, Mac McMillan and Dr. Michael Mathews, will take Board positions in the combined entity and assume a significant ownership stake to ensure the continued leadership and integrity of the CynergisTek brand. The companies plan to align their service offerings to provide comprehensive information management solutions designed to mitigate risk, optimize productivity and drive savings for healthcare organizations.

“With assets from Auxilio, we’ll have what we need to extend our offerings and to keep pace with market demand while simultaneously maintaining the superior level of client support we’ve become known for,” said Mac McMillan, CynergisTek CEO.  “Our clients recognize that document and device security are important components of their overall security risk profile and the ability to deliver an integrated approach to managing those aspects of their infrastructure along with the digital pieces we’ve traditionally focused on is something we are laying the foundation for now.”

About CynergisTek

CynergisTek (www.cynergistek.com) is a top-ranked cybersecurity and privacy consulting firm. The company offers solutions to help organizations measure privacy and security programs against regulatory requirements and assists in developing risk management best practices. Since 2004 the company has served as a partner to hundreds in the healthcare industry. CynergisTek is also dedicated to supporting and educating the industry by contributing to relevant associations such as HIMSS, AHIMA, HFMA, HCCA, AHIA, AHLA, IAPP and CHIME. The company has been named in numerous research reports as one of the top firms that provider organizations turn to for privacy and security, including the 2016 KLAS Security Advisory Services report, which rated CynergisTek for having the highest overall client satisfaction, performance and impact on security preparedness.

About Auxilio

Auxilio (www.auxilioinc.com) provides complete document workflow solutions and IT security services to healthcare organizations across the United States. Auxilio has helped its clients save more than $80 million since 2004 by providing solutions which lower costs, improve operational efficiency and enhance security. Auxilio’s iPLATFORM, an intelligent workflow automation suite delivers a customer driven, vendor neutral approach to secure patient health information, reduce waste and drive additional savings opportunities. Auxilio serves a national portfolio of nearly 220 hospital campuses and manages over 1.5 billion documents annually from over 90,000 devices supporting over 280,000 caregivers.

January 17, 2017 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Aria Marketing Named Agency of the Year at HITMC 2016

Healthcare-Focused PR Agency Recognized for Achieving Outstanding Results for Clients

Boston, MA – April 14, 2016 – Aria Marketing, a leading healthcare public relations and marketing communications agency, today announced it was named Agency of the Year at the third annual Healthcare IT Marketing and PR Conference (HITMC). Aria was nominated for the award by longtime client, CynergisTek™, an authority in health information security, privacy and compliance.

CynergisTek, Aria’s partner since 2010, nominated the company for its consistent and impressive results, such as securing coverage in high-profile outlets including: Forbes, POLITICO Pro, Bloomberg BNA, The Hill and CIO.com. Additionally, Aria has been able to drive alignment and continuity between marketing and PR efforts, which has helped increase CynergisTek’s foothold in the healthcare data security and privacy space. Since engaging with Aria, CynergisTek has been featured in approximately 1,000 articles across healthcare and general business outlets, and its senior executives have been selected to speak at over 200 industry events.

“When we saw that HITMC was looking to honor a PR firm, we immediately wanted to nominate Aria based on the team’s many years of stellar work and phenomenal results for CynergisTek,” said Jana Langhorne, Director of Marketing and Sales Support at CynergisTek. “We saw record sales numbers in 2015, which we know were achieved in large-part thanks to Aria’s efforts to position us as a subject matter expert of healthcare privacy, security and compliance. We view Aria as a trusted partner and a true extension of our internal team.”

HITMC is the first-of-its kind healthcare IT marketing and PR conference focused on B2B marketing to doctors, practice managers, and hospital executives. The annual HITMC Agency of the Year award is presented to an agency that offers the best campaigns, creatives, and people that have been doing amazing work in healthcare IT PR or Marketing.

“It was an honor to be awarded Agency of the Year at HITMC,” said Scott Collins, President of Aria Marketing. “Our mission has always been to achieve non-traditional relationships with our clients and work with them as strategic business partners and friends. Being awarded this title by a group of our peers is a true testament to our hard work and commitment over the years.”

“Having experienced first-hand the work Aria does on behalf of its clients, it was no surprise that they were awarded Agency of the Year,” said John Lynn, conference founder. “This agency continues to bring industry-leading ideas and knowledge to its clients, and based on the results garnered for CynergisTek and a multitude of other healthcare companies, we couldn’t imagine awarding the title to any other company.”

To learn more about Aria Marketing and its services, please contact Scott Collins for more information at scollins@ariamarketing.com.

About Aria Marketing

Founded in 1999, Aria Marketing is an integrated, healthcare communications agency providing unmatched industry and strategy expertise, thought leadership-driven PR, compelling creative and superior client service. Aria earned its reputation as healthcare’s leading thought leadership agency from working with some of the biggest, sharpest and most innovative healthcare organizations, from start-ups to Fortune 500 companies. Its services include: strategic planning, branding and positioning services; public relations; social media; and creative services.

April 14, 2016 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

CynergisTek Expands Leadership Team to Support Company Growth

Adam Hawkins Advances as Vice President of Sales and Marketing to Drive Continued Expansion Amid Increased Demand for Privacy and Security Expertise in Healthcare

Austin, Texas, June 29, 2015CynergisTek™, an authority in health information privacy, security and compliance, today announced it has expanded its leadership team with the addition of Adam Hawkins as Vice President of Sales and Marketing. Effective July 1, 2015, Adam will be responsible for the sales and marketing operations at CynergisTek, as well as the strategic planning, development and implementation of the company’s Managed Services and Vendor Security Management offerings. In addition, Adam will continue to ensure a high-level of support is maintained across the company’s client base of healthcare provider organizations. Adam originally joined CynergisTek as Director of Client Services in 2012, and was an integral part of developing a highly successful sales team as the company restructured its sales and marketing efforts from the ground up.

Adam’s transition to this executive role will be critical in effectively managing unprecedented company growth spurred by increased demand for privacy and security expertise in healthcare. The company has experienced a 70 percent increase in revenue over the last calendar year, and has rapidly expanded its workforce, requiring seasoned leadership in sales, marketing and client services. Adam has more than a decade of experience in healthcare information security and clinical technologies, positioning him well to manage the company’s sales force, marketing department and partner alliances.

“Adam’s commitment to matching providers with the best possible solutions for their privacy and security needs has been instrumental in fostering the trust our clients have come to know and rely on us for,” said Dr. Michael Mathews, CynergisTek Co-Founder and COO. “Adam has a proven track record of ensuring client success, and we are pleased to have him join the executive team where he can exercise his leadership skills and provide strategic direction as we continue to grow.”

Complex regulations, looming enforcement action and prevalent data breaches in the healthcare industry have made data security a top priority for most providers. This increased focus on information security has led many organizations to seek outsourced expertise, driving business for CynergisTek and opening the door to new career opportunities at the company for those with education and experience in information technology.

“It’s been the opportunity of a lifetime to be a part of a company that is leading the healthcare industry at such a critical time,” said Adam. “It has been very rewarding to help CynergisTek clients navigate today’s dynamic threat environment, and I am looking forward to stepping into my new role where I can fully dedicate myself to adding value across the board.”

Prior to joining CynergisTek, Adam was a Regional Sales Executive at Diebold and DrFrist and Director of Sales & Technology at VisionTree. Adam holds a Bachelor’s of Science in Information and Decision Systems and Political Science from California State University, San Diego.

About CynergisTek

CynergisTek is a top-ranked information privacy and security consulting firm. The company offers solutions to help organizations measure privacy and security programs against regulatory requirements and assists in developing risk management best practices. Since 2003 the company has served as a partner to hundreds in the healthcare industry. CynergisTek is also dedicated to supporting and educating the industry by contributing to relevant associations such as HIMSS, AHIMA, HFMA, HCCA, AHIA, AHLA, IAPP and CHIME. CynergisTek was recognized by KLAS®, as one of three firms provider organizations turn to most for privacy and security assistance in its groundbreaking report released in May 2014, entitled “Security and Privacy Perception 2014: High Stakes, Big Challenges.” For more information visitwww.cynergistek.com, call 512.402.8550 or email info@cynergistek.com.

June 29, 2015 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.