Press Releases

August 17, 2017 CSP Inc. Promotes Two Senior Executives
Appointments Strengthen CSPi’s Position as Security Solutions Provider and Demonstrates Continued Commitment to Operational Excellence CSP Inc. (NASDAQ:CSPI), a provider of advanced security products and security services, as well as IT technology managed services for diverse applications, today announced the promotion of two senior executives. Mike Newbanks has been appointed as Vice President of Finance and Chief Accounting Officer and Gary Southwell has been promoted to Vice President and General Manager of CSPi’s High Performance Products (HPP) segment, which includes cybersecurity products. “Gary’s wealth of data privacy and compliance knowledge and demonstrated track record is a key asset to our HPP division,” said Chief Executive Officer Victor Dellovo. “Under his continued leadership, we will advance our efforts to reposition CSPi as a market-leading security solutions provider and deliver on our mission to provide customers with solutions that will secure data no matter where...
August 17, 2017 CSPi Adds Technology Heavy Weights to Drive Growth of Cybersecurity Products
Innovator in Automated Data Breach Detection and Response Solutions Recruits Best-of-Breed Talent CSPi (NASDAQ:CSPI), a provider of advanced security products and security services, as well as IT technology managed services, today announced the addition of key players to continue the company’s growth trajectory within the cybersecurity market and channel community. Joining CSPi is Joe D’Agostino, Director of Worldwide Sales, Tim Ober , Chief Technology Architect and Gary Southwell , General Manager, High Performance Products Division which includes cybersecurity products, has been newly appointed as a CSPi corporate officer.
Leading the charge on worldwide security sales, Joe D’Agostino joins CSPi from an extensive background in working with high growth cybersecurity companies, including Invincea (Sophos), Core Security (Corion) and Application Security (Trustwave). With a tenacity for building direct sales pipeline, as well as global channel communities, D’Agostino’s expansive...
August 14, 2017 CSPi Reports Third-Quarter Fiscal 2017 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of advanced security products and security services, as well as IT technology managed services for diverse applications, today reported financial results for the third quarter of fiscal 2017 ended June 30, 2017 .
The Company also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record August 21, 2017 payable September 5, 2017. Management Comments
“We had a solid third quarter as we executed on our growth strategy across our High Performance Products (HPP) and Technology Solutions (TS) divisions,” said Chief Executive Officer Victor Dellovo . “Our cross-selling efforts are gaining traction, our managed services pipeline is growing, and we are advancing the development of our HPP products to capitalize on the rapidly growing security space. From a financial perspective, third-quarter sales were up 13% year over year, primarily due to strong demand at our U.S. business in the...
August 9, 2017 CSP Inc. to Announce Third-Quarter Fiscal 2017 Financial Results on August 14
Company to Webcast Conference Call Live CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its third-quarter 2017 financial results on Monday, August 14, 2017 .
CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call on Monday, August 14 at 10:00 a.m. ET to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at http://www.cspi.com/.  Individuals also may listen to the call via telephone, by dialing (888) 632-3382 or (785) 424-1677. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s website. About CSP Inc. CSPi (NASDAQ:CSPI) maintains two distinct and dynamic divisions – High Performance...
August 1, 2017 CSPi Stands Up Cybersecurity Division to Address Need for Rapid Breach Response and Critical Asset Protection
Expands Massachusetts Presence to Include Research and Development Center CSPi (NASDAQ:CSPI), a provider of advanced security products and security services, as well as IT technology managed services, today announces the formation of the company’s Cybersecurity Products Division, including a Research and Development (R&D) Center in Lowell, MA. With a strong heritage in networking, CSPi is increasing the organization’s commitment to the security market by expanding beyond its already well established success in network monitoring with solutions for rapid data breach response, enterprise-wide breach prevention and critical asset protection. This new division will be led by Gary Southwell , a 25 year veteran in the security market and a thought leader in PII data privacy and regulatory compliance.
“CSPi’s cybersecurity focus is a logical extension of fulfilling our strategic mission to capitalize on the growing global security market. The addition of security products, coupled...
July 19, 2017 CSPi joins the Cisco Security Technology Alliance Ecosystem
Offers security teams an innovative solution for automated cyber event data capture for rapid post breach investigative response CSPi (NASDAQ:CSPi), a provider of advanced security products and security services, as well as IT technology managed services, today announced that it is now part of the Cisco Technology Alliance Ecosystem. As a member of this Cisco partner community, CSPi has created an integrated cost-effective solution that automates breach detection. CSPi has harnessed the strengths of Cisco’s FirePOWER firewalls and CSPI’s Myricom nVoy security products to automate two critical elements of the breach investigative response process: cyber threat verification and full forensic data extraction. By having this data on hand, automatically, at the earliest stages of a breach the investigative response activities can typically be wrapped up within a few hours of total duration instead of the tens to hundreds of hours that is normal today.
CSPI’s Myricom® Automated...
July 19, 2017 CSPi Enhances Myricom nVoy Series with Automated Investigative Response Capabilities
New Application Enables Enterprises to Automate Key Elements of Cyber Breach Investigation and Dramatically Reduce Incident Response Time CSPi (NASDAQ:CSPI), a provider of advanced security products and services, as well as IT technology services, today announced the addition of an Automated Investigative Response (AIR) application to the company’s Myricom ® nVoy Series Packet Recorder.  Across the industry, security teams are struggling to keep up with incident alerts flagged by their firewalls or IDS. With the pairing of nVoy AIR to the nVoy Packet Recorder, CSPi enables the automation of two critical components of breach investigative response: cyber-threat verification and complete forensic data extraction. Now security incident response teams will have a powerful, quick and cost-effective means to determine the scope of a potential breach including what type of data was involved and which data records were exposed. Using the nVoy solution, investigative response analysis can be...
July 13, 2017 CSPi Achieves Titanium Tier Status in Exclusive Dell EMC Partner Program
CSPi (NASDAQ:CSPI), a provider of Ethernet-based security products, advanced managed security, and IT technology managed services, today announced CSPi’s Technology Solution division has achieved Titanium Tier status in the prestigious Dell EMC Partner Program.  CSPi’s dedicated Dell EMC practice showcases a unique blend of innovative portfolio of services, comprehensive integration methodology and superior engineering resources.
The Dell EMC Partner Program is based on the best aspects of the former individual Dell and EMC partner programs and is designed to address the needs of its partners today and in the future. Developed in collaboration with global partners, the Dell EMC Partner Program’s primary tenets are to be simple, predictable and profitable. The program provides unprecedented business opportunities for partners and reaffirms Dell EMC’s strong commitment to the channel. “The Dell EMC Partner Program will give CSPi new ways to deliver greater customer value and grow...
June 13, 2017 CSPi Technology Solutions  Named to CRN’s 2017 Solution Provider 500 List
CSPi (NASDAQ:CSPI), announced today that CRN® , a brand of The Channel Company , has named CSPi’s Technology Solutions division to its 2017 Solution Provider 500 list. The Solution Provider 500 is CRN’s annual ranking of the largest technology integrators, solution providers and IT consultants in North America by revenue.
The Solution Provider 500 is CRN’s predominant channel partner award list, serving as the industry standard for recognition of the most successful solution provider companies in the channel since 1995. This year, for the first time since 2010, the complete list will be published on CRN.com, making it readily available to vendors seeking out top solution providers to partner with. CRN has also released its 2017 Solution Provider 500: Newcomers list, recognizing 58 companies making their debut in the Solution Provider 500 ranking this year. “It is an honor to be recognized by CRN as a leading solution provider for the thirteenth year.  To be placed side-by-side...
June 6, 2017 CSPi Joins Forces with RadarServices to Expand Security Services Portfolio
Now Offering Market Leading IT Security Monitoring for SOC Compliance CSPi (NASDAQ:CSPI), a provider of advanced managed security products, Ethernet-based security products, and IT technology security services, today announces the addition of RadarServices solutions and managed security services to its portfolio in the UK market.  The pairing of CSPi’s security services with RadarServices’ IT security monitoring solution offers customers an easy path to Security Operations Center (SOC) compliance.
RadarServices is Europe‘s leading technology company in the field of Detection & Response as a managed service, specializing in the early detection of IT security risks for corporations and public authorities. RadarServices’ cutting-edge, in-house-developed technology platform is the foundation for constructing SOC, or it can be deployed in combination with CSPi’s Managed Security Services including our expert analysts, documented processes, and best practices as SOC as a Service....
May 24, 2017 CSP Inc. Reports Second-Quarter Fiscal 2017 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today reported financial results for the second quarter of fiscal 2017 ended March 31, 2017 .
The Company also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record June 1, 2017 payable June 15, 2017.                                                         Management Comments “We are pleased to say that the second quarter results continue to demonstrate positive progress on our growth strategy,” said Chief Executive Officer Victor Dellovo . “Cross-selling efforts between our Technology Solution geographies, as well as across High Performance Products and Technology Solutions continue to gain traction.  Our managed services pipeline, in the U.S. and Europe , is growing, and we are taking actions to capitalize on the rapidly growing global security market. From a financial perspective,...
May 24, 2017 CSP Inc. to Announce Second-Quarter Fiscal 2017 Financial Results on May 24
Company to Webcast Conference Call Live on May 25 CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, announced that it will issue its second-quarter 2017 financial results after the close of the market, today, Wednesday, May 24, 2017 .
CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call, tomorrow, Thursday, May 25 at 9:00 a.m. ET to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at http://www.cspi.com/.  Individuals also may listen to the call via telephone, by dialing (877) 876-9173 or (785) 424-1670. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s website. About CSP Inc. CSPi (NASDAQ:CSPI) maintains two distinct...
May 16, 2017 CSPi Expands Global Channel Partner Portfolio with Introduction of Myricom nVoy Cyber Threat Visibility and Data Capture Solution
Offers security partners innovative solution for automated cyber event data capture and rapid incident response CSPi (NASDAQ:CSPI), a provider of Ethernet-based security products, advanced managed security, and IT technology security services, today announces the addition of the Myricom ® nVoy Solution to CSPi’s Myricom Global Channel Partner Program. The nVoy Solution includes the Myricom nVoy Series 10Gbit Packet Recorder and Myricom nVoy Series 1-100Gbit Packet Broker.
CSPi is widely known in the security industry for its Myricom ARC Series of adapter cards, which perform network security monitoring, and are used by the worlds leading organizations in the battle against cyber terrorism. With the addition of the nVoy series, CSPi is further assisting security resources in fast, accurate event driven automated incident response by quickly isolating, capturing, recording and providing quick access to all suspicious activity against their most critical data such as PII or...
May 15, 2017 CSP Inc. Announces Filing Extension for Form 10-Q
CSP Inc. (NASDAQ:CSPI) today announced that the Company will file a Form 12b-25 notification of late filing with the Securities and Exchange Commission to receive a five day extension to file its Quarterly Report on Form 10-Q (“Quarterly Report”). The delay in the filing of the Quarterly Report is due to extensive testing by its auditors of revenue transactions for the Company’s European operations in accordance with criteria as required by U.S. Generally Accepted Accounting Principles. As a result, the independent auditors have not completed their review of the Company’s financial statements for the Quarterly Report. CSP Inc. anticipates that it will file the Quarterly Report no later than May 22, 2017. The Company also expects to report positive net income and diluted EPS for the second quarter of fiscal 2017.
About CSP Inc.  CSPi (NASDAQ:CSPI) maintains two distinct and dynamic divisions – High Performance Products and Technology Solutions – with a shared vision for...
April 20, 2017 CSPi Secures $2.5M IT Managed Services Contract with Broward College
Provides Cloud-Enabled Managed Services for the network management, monitoring and protection of their cross-campus infrastructure CSPi (NASDAQ:CSPI), a provider of IT managed services, security services and packet capture solutions, today announces that CSPi’s Technology Solutions division has won a $2.5M , 3-year service contract to provide IT managed services to Broward College , a high quality, higher education institution providing two- and four-year degrees to the community of South Florida . This managed services contract is designed to not only move the IT infrastructure of the College to a cloud environment - better suited to the change in information technology consumption models - but also to provide around-the-clock monitoring and management to ensure the health, security and performance of its multiple campuses.
CSPi Technology Solutions will deploy its Vital Elite Managed Service offering. This comprehensive solution will support the various campus and center...
April 6, 2017 CSPi Technology Solutions Named One of 2017 Tech Elite Solution Providers by CRN®
Tech Elite 250 list recognizes IT solution providers with deep technical expertise and premier certifications CSPi (NASDAQ:CSPI) announced today that CRN ® , a brand of The Channel Company , has named CSPi’s Technology Division to its 2017 Tech Elite 250 list. This annual list honors an exclusive group of North American IT solution providers that have earned the highest number of advanced technical certifications from leading technology vendors, scaled to their company size.
To compile the annual list, The Channel Company’s research group and CRN editors work together to identify the most customer-beneficial technical certifications in the North American IT channel. Companies who have obtained these elite designations—which enable solution providers to deliver premium products, services and customer support—are then selected from a pool of online applicants. CSPi Technology Solutions employs a team of highly experienced engineering and integration specialists who support clients...
March 28, 2017 CSPi Develops Advanced Forensic Framework for Cyber Threat Identification and Analysis  
Provides security architects a framework to determine the full scope of threats to critical data CSPi Inc. (NASDAQ:CSPi), a provider of managed security and IT technology security services and packet capture solutions, today announces CSPi’s Advanced Forensic Framework,  specifically designed to assist security resources in protecting their most critical data by quickly visualizing, detecting and capturing all suspicious activity.
Enterprises of all sizes often struggle with getting to the bottom of threats, and can easily be overwhelmed with the volume of limited value information being generated from firewalls, and intrusion detection systems (IDS).  Security information and event management systems (SIEMs) were thought to be the answer but only exacerbated the problem by merely aggregating incomplete log and netflow data.  In addition, SIEMs are impractical for most organizations as they are costly to maintain ($100s of thousands annually), as well as require a 24 x 365 team...
February 28, 2017 CSPi Technology Solutions Recognized for Excellence in Managed IT Services
CSPi Inc. (NASDAQ:CSPI), a provider of IT managed services, security services and packet capture solutions today announced that CRN® , a brand of The Channel Company , has named CSPi’s Technology Solutions division to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments.
In today’s fast-paced business environments, MSPs play an important role in helping companies leverage new technologies without straining their budgets or losing focus on their core business. CRN’s MSP 500 list shines a light on the most forward-thinking and innovative of these key organizations. The list is divided into three categories: the MSP Pioneer 250, recognizing companies with business models...
February 23, 2017 CSP Inc. Reports First-Quarter Fiscal 2017 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today reported financial results for the first quarter of fiscal 2017 ended December 31, 2016 . The Company also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record March 3, 2017 payable March 17, 2017.                                                         Management Comments “Our first-quarter performance was affected by a difficult comparison year-over year on the top line, while restructuring actions to improve our long-term operating results had a short-term negative effect on the bottom line,” said Chief Executive Officer Victor Dellovo .  “First-quarter revenues were down 16% mostly due to a difficult comparison in Germany with the first quarter of the prior year, when we recognized revenues from a large product order from one of our major customers. We reported a net loss per share of $0.01...
February 22, 2017 CSP Inc. to Announce First-Quarter Fiscal 2017 Financial Results and Filing of its Form 10-Q after Market Close on February 23
Company to Webcast Conference Call Live at 9:00 a.m. ET on February 24 CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its first-quarter 2017 financial results after the market closes on Thursday, February 23, 2017 and will file its late Quarterly Report on Form 10-Q. CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 9:00 a.m. ET on Friday, February 24, 2017 to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the “ Investor Relations ” section of the Company’s website at http://www.cspi.com/ .  Individuals also may listen to the call via telephone, by dialing (888) 632-3382 or (785) 424-1677. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s...
February 14, 2017 CSP Inc. Announces Filing Extension for Form 10-Q
CSP Inc. (NASDAQ:CSPI) today announced that the Company will file a Form 12b-25 notification of late filing with the Securities and Exchange Commission to receive a 5 day extension to file its Quarterly Report on Form 10-Q (“Quarterly Report”).  The delay in the filing of the Quarterly Report was due to the compressed time period between the delayed filing of its Annual Report for Fiscal 2016 and the deadline for the Quarterly Report for the first quarter of Fiscal 2017 and expanded testing of revenue transactions for our European operations in accordance with the revenue recognition criteria as required by U.S. Generally Accepted Accounting Principles. As a result of the compressed time period and expanded testing, our independent auditors have not completed their review of our financial statements for the Quarterly Report.  We anticipate that we will file the Quarterly Report no later than February 21, 2017 .
About CSP Inc. CSPi (NASDAQ:CSPI) maintains two distinct and dynamic...
February 14, 2017 CSPi Announces Myricom nVoy Cyber Threat Visibility and Data Capture Solution
Provides security architects an innovative, cost-effective means to protect business’ most critical data CSPi Inc. (NASDAQ:CSPI), a provider of managed security and IT technology security services and packet capture solutions, today announces availability of Myricom nVoy Series 10Gbit Packet Recorder and Myricom nVoy Series 1-100Gbit Packet Broker.  The nVoy Series gives security teams the ability to isolate and closely monitor access to data that most matters to their organizations, such as personally identification information (PII) or intellectual property (IP).
With cyber breaches on the rise and new compliance regulations being instituted, such as NIST, NERC and GDPR, it is crucial for security architects to assemble a security infrastructure that is affordable, scalable and provides timely access to suspicious activity. The nVoy Series is uniquely suited to address these requirements: Lossless data capture indexing and recording Deployable in networks from 1-100GBps...
February 9, 2017 CSPi Secures $6 Million, Three-Year Managed Service Agreement With Global IT Service Provider
Expands Partnership to Include Critical Security Support for Worldwide Client Base CSPi Inc. (NASDAQ:CSPI), a provider of managed security and IT technology security services and packet capture solutions today announced that its German subsidiary, CSPi GmbH , secured a three-year service contract worth $6 million to provide managed security services to an international IT service provider. This contract expands on CSPi's existing business relationship to include security services for its worldwide client base.
CSPi’s team of security experts will provide a comprehensive suite of managed security services: Onsite 24x7 support Helpdesk and online customer support Escalation processes Software Application maintenance Onsite hardware maintenance replacement System recovery "We are pleased to not only have been selected, but also trusted to fulfill our clients’ critical security needs. Over the years we have partnered with our customers to develop a deep understanding of their...
January 12, 2017 CSP Inc. Reports Fourth-Quarter Fiscal 2016 Financial Results
CSP Inc. (NASDAQ:CSPI), a provider of IT solutions and high-performance Ethernet products for diverse applications, today reported financial results for the fourth quarter of fiscal 2016 ended September 30, 2016 .
The Company also announced that its board of directors has voted to pay its quarterly dividend of $0.11 per share to shareholders of record January 27, 2017 payable February 8, 2017. Management Comments “We performed well in fiscal 2016,” said President and Chief Executive Office Victor Dellovo.  “Total revenues increased 16%, with High Performance Products up 17%, and Technology Solutions up 15%. In Technology Solutions, we continue to execute our growth strategy and build upon the positive changes we implemented in 2015.  We enhanced our managed services portfolio and continued to develop new products in the High Performance Products division to take us into new commercial markets.  All while advancing our cross-selling efforts to add more value to our end customer...
January 12, 2017 CSP Inc. to Announce Fourth-Quarter Fiscal 2016 Financial Results on January 12
Company to Webcast Conference Call Live CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its fourth-quarter 2016 financial results after the market closes on Thursday, January 12, 2017 .
CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call on Friday, January 13, 2017 at 10:00 am EST to review the financial results and provide a business update.  To listen to a live webcast of the call, please visit the “Investor Relations” section of the Company’s website at http://www.cspi.com/.  Individuals also may listen to the call via telephone, by dialing (877) 876-9177 or (785) 424-1666. For interested parties unable to participate in the live call, an archived replay of the webcast will be available for approximately one year on CSP’s website. About CSP Inc. CSPi (NASDAQ:CSPI) maintains two distinct and dynamic...
January 5, 2017 CSPi to Attend FloCon 2017
Showcasing Open Source Support for Large-Scale Network Monitoring Applications CSPi Inc. (NASDAQ:CSPI), a technology provider of networking products, IT managed solutions and advanced security services, announced that it will be attending FloCon 2017 in San Diego , January 9, 2017 .
With network intrusions increasing in frequency and sophistication, security teams and IT professionals are now much more focused on identifying and preventing zero-day attacks. This has led to a growing need to pair flow analysis systems and techniques with traditional packet capture solutions. In addition, security analysts are seeking providers who can assist in the creation of leading-edge infrastructures that leverage open source applications such as Bro IDS, Suricata or Wireshark. CSPi’s Myricom ™ ARC Series of network adapters with Sniffer10G implement pure packet processing to provide complete network visibility and meet the needs of enterprise security teams. The ARC Series of network...

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