Press Releases

September 26, 2018 CSPi’s ARIA SDS Solution Wins 2018 CyberSecurity Breakthrough Award
Selected as “Enterprise Encryption Solution of the Year” in CyberSecurity Breakthrough’s Annual Awards Program BOSTON, Sept. 26, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ: CSPi), a leading provider of security solutions , packet-capture products and IT managed services, today announced that its ARIA™ Software-Defined Security (SDS) solution has been named the winner of the “Enterprise Encryption Solution of the Year” award from CyberSecurity Breakthrough , an independent organization that recognizes the top companies, technologies and products in the global information security market today.
The ARIA SDS solution takes a radically different approach to enterprise-wide data security with a focus on enhancing network security and application data impenetrability. For example, the ARIA microHSM application securely caches encryption keys away from the host CPU, ensuring that the encryption of critical application data or transactions involving PII/PHI data are protected in the event of...
August 28, 2018 CSPi Announces New Approach to Solve for Intel x86 Chip Flaw and SGX Encryption Vulnerability
TrustZone-Capable PCIe Adapter Replaces SGX BOSTON, Aug. 28, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ: CSPi), a leading provider of security solutions , packet-capture products and IT managed services, announces today the release of the ARIA™ SDS micro Hardware Security Module (HSM) solution at VMworld2018 . The ARIA microHSM is a bundled solution consisting of a virtualized HSM application and the PCIe-based Myrcom® Secure Intelligent Adapter (SIA).
With the ability to offload the storage of keys to ARIA microHSM, this solves for one of the most alarming and difficult to solve security challenges: how to address the vulnerabilities in the Intel® x86 chip design, and more important, the SGX vulnerability targeted by Foreshadow. The innovative and elegant approach of the ARIA microHSM not only establishes a fully secured TrustZone, but it also requires zero footprint as it can be deployed in any cloud or on-premises server. “Intel’s SGX was trusted to be the secure enclave to store...
August 23, 2018 CSPi Announces the Release of ARIA SDS KMS: Delivering Encryption Key Management Capabilities for HCI and vSAN Environments
The Industry’s Easiest to Deploy, Most Scalable KMIP-Based Solution BOSTON, Aug. 23, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ: CSPi), a leading provider of security solutions , packet capture products and IT managed services, announced today the release of the ARIA™ SDS KMS application . This virtualized key management application serves and manages encryption keys associated with HCI deployments, including VMware ® vSPHERE 6.5, enabling both VMware and vSAN encryption. Based on the KMIP 1.4 standard, ARIA KMS is the only solution that deploys in minutes, is highly available and is FIPS 140-2 level 1 compliant.
The ARIA KMS application is installed on, and orchestrated by the ARIA SDS platform, and simplifies the serving of encryption keys and certificates required to properly encrypt data. The ARIA Orchestrator allows the automated deployment of all features including high availability, where at least three KMS instances will act as one – providing back up to the primary key server...
August 13, 2018 CSPi Reports Third-Quarter Fiscal 2018 Financial Results
LOWELL, Mass., Aug. 13, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ: CSPI), a provider of managed IT services, security solutions and packet capture products, today reported financial results for the third quarter ended June 30, 2018. The Company also announced that its board of directors has voted to increase the quarterly dividend to $0.15 per share to be paid to shareholders of record on August 31, 2018, payable on September 14, 2018.                                                                                                                                                       Management Comments “We closed an eventful third quarter in which we announced the sale of our Germany operations and continued to execute on our transformation toward capitalizing on the demand for cybersecurity products and the proliferation of wireless,” said Chief Executive Officer Victor Dellovo. “Revenues declined about 24%, primarily due to significant product purchases by one of our major customers last...
August 7, 2018 CSP Inc. to Announce Third-Quarter Fiscal 2018 Financial Results on August 13
Company to Webcast Conference Call Live LOWELL, Mass., Aug. 07, 2018 (GLOBE NEWSWIRE) - 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 fiscal 2018 financial results before the open of the market on Monday, August 13, 2018.
CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call at 10:00 a.m. ET that day 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 877‑876‑9174 or 785‑424‑1672. A 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 7, 2018 CSPi Recognized on CRN 2018 Emerging Vendors List
Cybersecurity Company Receives Top Award for Innovation in Security BOSTON, Aug. 07, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ: CSPI), a provider of IT hardware, professional and managed IT services, security solutions and packet capture solutions, announced today that CRN® , a brand of The Channel Company , has named CSPi to its 2018 Emerging Vendors List in the Security category. This list recognizes recently founded, up-and-coming technology suppliers who are shaping the future of the IT channel through unique technological innovations. The list is divided into seven categories: Cloud, Data Center, Security, Big Data, Unified Communications, Internet of Things (IoT) and Storage. In addition to celebrating these notable companies, the Emerging Vendors list serves as a valuable resource for solution providers looking to expand their portfolios with cutting-edge technology.
In today's world of unending data breaches and strict data privacy regulations, like GDPR, companies need...
July 31, 2018 CSPi Closes on Sale of Germany Operations
Company to Focus Increased Time and Resources on Higher-Margin Managed Services Opportunities LOWELL, Mass., July 31, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI), a provider of IT managed services, security solutions and packet capture products, today announced that it has closed on the sale of its Germany operations (CSPi GmbH, Technology Solutions) to European IT service provider and media conglomerate Reply (MTA, STAR: REY) for €10.0 million in cash (approximately $11.7 million at current exchange rates). In addition, CSPi has received from Reply €2.3 million (approximately $2.8 million) in cash from the CSPi GmbH’s balance sheet at the time of the closing. Reply has acquired all of the outstanding stock of CSPi GmbH, along with all of its assets and liabilities, including its pension obligation. CSPi will continue to operate its United Kingdom location to serve certain multinational clients. About CSP Inc.  CSPi (NASDAQ:CSPI) maintains two distinct and dynamic divisions – the High...
July 23, 2018 CSPi Makes Top 100 Best Companies List
BOSTON, July 23, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI) a provider of IT solutions, IT professional services, managed IT services, security services and packet capture solutions, today announces that its Technology Solutions division, based in Deerfield Beach, Florida, was recently named one of Florida’s Best Companies To Work For.
The annual Best Companies list is featured in the August issue of Florida Trend magazine. One-hundred companies are ranked in small, medium and large employer categories. To participate, companies or government entities had to employ at least 15 workers in Florida and have been in operation at least one year. Companies that chose to participate underwent an evaluation of their workplace policies, practices, philosophy, systems and demographics. The process also included a survey to measure employee satisfaction. The combined scores determined the top companies and the final ranking. "Employers we speak with talk a lot about how workplaces are...
June 27, 2018 UPDATE - CSPi Announces Sale of Germany Operations to Reply a European IT Service Provider Conglomerate
Company to Focus Increased Time and Resources on Higher-Margin Managed Services Opportunities LOWELL, Mass., June 27, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI), a provider of IT managed services, security solutions and packet capture products, today announced it has agreed to sell its Germany operations (CSPi GmbH, Technology Solutions) to European IT service provider and media conglomerate Reply (MTA, STAR: REY) for €10.0 million in cash, which is approximately $11.6 million at current exchange rates. Reply will acquire all of the outstanding stock of CSPi’s German subsidiary, which includes all of the assets and liabilities, including the pension obligation. The sale, which is expected to close during the fourth quarter of Fiscal Year 2018, is subject to various closing conditions, including, among others, the approval of the German Federal Cartel Office. CSPi will continue to operate its United Kingdom location to serve certain multinational clients. “The divestiture of CSPi’s...
June 27, 2018 CSPi Announces Sale of Germany Operations to European IT Service Provider Conglomerate Reply
Company to Focus Increased Time and Resources on Higher-Margin Managed Services Opportunities LOWELL, Mass., June 27, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI), a provider of IT managed services, security solutions and packet capture products, today announced it has agreed to sell its Germany operations (CSPi GmbH, Technology Solutions) to European IT service provider and media conglomerate Reply (MTA, STAR: REY) for €10.0 million in cash, which is approximately $11.6 million at current exchange rates. Reply will acquire all of the outstanding stock of CSP’s German subsidiary, which includes all of the assets and liabilities, including the pension obligation. The sale, which is expected to close during the fourth quarter of fiscal 2018, is subject to various closing conditions, including, among others, the approval of the German Federal Cartel Office. CSP will continue to operate its United Kingdom location to serve certain multinational clients.
“The divestiture of CSP’s...
June 6, 2018 CSPi Techonology Solutions Named to CRN’s 2018 Solution Provider 500 List
BOSTON, June 06, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI) a provider of IT hardware, professional and managed IT services, security services and packet capture solutions, announced today that CRN® , a brand of The Channel Company , has named, CSPi’s Technology Solutions division, based in Deerfield Beach, FL to its 2018 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. 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 2018 Solution Provider 500: Newcomers list, recognizing 26 companies making their debut in the Solution Provider 500...
May 23, 2018 CSPi Expands Partner Network With Addition of Netanium
Leading security providers join forces to offer superior security solutions and services BOSTON, May 23, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI) a provider of security services and packet capture solutions, IT hardware, as well as professional and managed services, today announces that Netanium has joined CSPi’s global network of resellers and distributors of its security products. A logical partner for CSPi, Netanium is a premier provider of information security consulting and integration services.  Both CSPi and Netanium place a strong focus on securing and protecting an organization's most critical assets in order to meet strict data privacy regulations. As a trusted, cybersecurity consultant and solution provider, Netanium excels at helping organizations to overcome resource constraints and streamline their evolving security programs. Netanium works with organizations to assess their security strategies to form processes that best fit current infrastructure, resources, and...
May 9, 2018 CSPi Recognized as a Top 10 Fortinet Solution Provider by Leading Security Publication
Enterprise Security Technology Cites Unique Approach to Data Breach Identification and Response as a Critical Component BOSTON, May 09, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI) a provider of IT hardware, professional and managed services, security services and packet capture solutions, today announced that it has been named a Top 10 Fortinet Solution provider by Enterprise Security Technology (EST) publication.  EST assembled a panel of leading cybersecurity and C-Suite executives to form a top ten list of the most innovating solution providers of Fortinet’s high-performance network security offerings.  CSPi was selected for its unique approach to identifying and verifying data breaches with its Myricom ® nVoy Series. CSPi’s Myricom nVoy Series leverages the Fortinet Security Fabric API to ingest intrusion alerts from FortiGates and automatically compare them against identified critical assets.  On identifying a breach, the nVoy solution triggers the extraction of a detailed file...
May 9, 2018 CSPi Reports Second-Quarter Fiscal 2018 Financial Results
LOWELL, Mass., May 09, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI), a provider of IT managed services, security solutions and packet capture products, today reported financial results for the second quarter ended March 31, 2018. The Company also announced that its board of directors has voted to pay a quarterly dividend of $0.11 per share to shareholders of record on May 31, 2018, payable on June 15, 2018.                                                         Management Comments “During the second quarter, we made good progress toward our strategy of transforming CSPi into a provider of innovative technology solutions and cybersecurity products. Our pipeline of managed services has grown, as we continue to focus on the development of new security products which expand market opportunities” said Chief Executive Officer, Victor Dellovo. “Revenues were down 13% due primarily to softness in our European Technology Solutions businesses, as well as the timing of E-2D multicomputer orders...
May 7, 2018 CSP Inc. to Announce Second-Quarter Fiscal 2018 Financial Results on May 9
Company to Webcast Conference Call Live LOWELL, Mass., May 07, 2018 (GLOBE NEWSWIRE) - CSP Inc. (NASDAQ:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, announced that it will issue its second-quarter 2018 financial results before the open of the market on Wednesday, May 9, 2018.
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 that day 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 785‑424‑1669. A 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 Products and Technology...
May 1, 2018 The Sun Sentinel Names CSPI a Winner of the South Florida 2018 Top Workplaces Award
DEERFIELD, Fla., May 01, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI) a provider of IT hardware, professional and managed services, security services and packet capture solutions, today announces that its Technology Solutions division, based in Deerfield Beach, Florida has been awarded a 2018 Top Workplaces honor by The Sun Sentinel. The list is based solely on employee feedback gathered through a third-party survey administered by research partner Energage , LLC (formerly WorkplaceDynamics), a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects of workplace culture, including alignment, execution, and connection, just to name a few.

“Top Workplaces is more than just recognition,” said Doug Claffey , CEO of Energage. “Our research shows organizations that earn the award attract better talent, experience lower turnover, and are better equipped to deliver bottom-line results. Their leaders prioritize and carefully craft...
April 16, 2018 CSPi Announces ARIA microHSM: A Highly Scalable and Cost-Effective, NIC-based Encryption and Key Management Reference Design
This new capability leverages industry-leading technology from KeyNexus and P6R BOSTON, April 16, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPi), a provider of security solutions, packet capture products and IT managed services, announced today the release of microHSM,  at the 2018 RSA Conference, a new capability of the ARIA™ SDS platform – microHSM – providing full encryption and key management onto a CSPi Myricom ARC Secure Intelligent Adapter (SIA) FIPs-protected NIC.
By offloading this advanced security capability onto the Myricom SIA, microHSM not only replaces the need for a standalone HSM appliance, but it also improves application performance, decreases network latency and is deployable within any server. This approach saves customers 50 percent cost and delivers performance gains of up to ten times more than a traditional hardware security module (HSM). Additionally, the ARIA microHSM capability leverages industry leading key management technology from KeyNexus, combined...
April 12, 2018 CSPi ARIA Software Defined Security Platform Wins 2018 Fortress Cyber Security Award
BOSTON, April 12, 2018 (GLOBE NEWSWIRE) - The Business Intelligence Group today announced that CSPi’s ARIA Software Defined Security (SDS) platform has won the 2018 Fortress Cyber Security Awards for the Innovative Security Product category. The inaugural program sought to identify and reward the world’s leading companies and products that are working to keep our data and electronic assets safe among a growing threat from hackers. CSPi’s ARIA Software Defined Security (SDS) platform takes a radically different approach to enterprise-wide data security as it places the focus on data impenetrability vs data breach prevention.  This shift in mindset, along with ARIA’s fully automated capabilities, enables organizations to address Secure DevOps challenges, including application security, uniform application of security policies and implementing advanced security features without impacting application performance. Secure DevOps: For organizations leveraging a DevOps model ARIA does not...
March 20, 2018 CSPi Recognized for Excellence in Managed IT Services
BOSTON, March 20, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPI) announced today that CRN® , a brand of The Channel Company , has named CSPi’s Technology Solutions division to its 2018 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 weighted toward managed services and largely...
March 12, 2018 CSPi to Showcase Security Portfolio at SecureWorld Conference in Boston
GM to participate in “Stopping the Attacks” panel to discuss CSPi’s role in eliminating compliance fines and strategies for enterprise-wide security BOSTON, March 12, 2018 (GLOBE NEWSWIRE) - CSPi (NASDAQ:CSPi), a provider of security solutions, packet capture products and IT managed services, announced today that it will be participating at this week’s  SecureWorld Cybersecurity Conference in Boston, MA. Showcasing the company’s security portfolio, CSPi’s Gary Southwell will be participating in a panel session “Stopping the Attacks” on Thursday, March 15, where he and other industry experts will speak to challenges modern security teams face and how we can build a better plan for tomorrow.
The SecureWorld Conference will bring together experts across the Cybersecurity industry to discuss the changing threat landscape, newest combative technologies, and opportunities to better protect businesses across all market segments. CSPi will be showcasing the company’s Myricom® nVoy...
February 12, 2018 CSPi Reports First-Quarter Fiscal 2018 Financial Results
CSPi (NASDAQ:CSPI), a provider of IT managed services, security solutions and packet capture products, today reported financial results for the first quarter ended December 31, 2017 .
GAAP to Non-GAAP (Unaudited) To help understand the Company’s financial performance, the Company has supplemented its financial results that it provides in accordance with GAAP with non-GAAP financial measures to show the results without the effects of the recently enacted U.S. Tax legislation of the Tax Cuts and Jobs Act (“Tax Act”). These measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with GAAP. Consolidated Three Months Ended (In thousands) December 31, 2017 December 31, 2016 Net loss (GAAP) (2) $ (1,200 ) $ (43 ) Income tax expense for the Tax Act(1) (2) (1,139 ) - Net loss before income tax from Tax Act (non-GAAP) (1) $ (61 ) $ (43 ) Net loss per share before income tax from the Tax Act –basic (non-GAAP) (2) $ (.02 ) $ (.01) )...
February 8, 2018 CSPi Secures Additional $1.9M Contract with Broward College for IT Managed Services
Provides expanded Managed Services for improved monitoring, scaling and protection of cloud-based network infrastructure/environment CSPi (NASDAQ:CSPI), a provider of IT managed services, security solutions and packet capture products, today announces that CSPi’s Technology Solutions division has won an additional $1.9M 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 . As part of this contract CSPi will design, deploy, integrate and manage a private cloud to support enterprise applications. CSPi will also deploy a new campus WLAN and NAC Solution forming a solid foundation needed for secure high-availability, scalability and growing demand to support IoT devices.
“Our mission is to help students achieve their educational dreams. This demands technology that is not only high-performing but more importantly reliable and readily available. Yet, shrinking...
February 7, 2018 CSP Inc. to Announce First-Quarter Fiscal 2018 Financial Results on February 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 first-quarter 2018 financial results after the close of the market on Monday, February 12, 2018 .
CSP President and Chief Executive Officer Victor Dellovo and Chief Financial Officer Gary W. Levine will host a conference call later that day at 5:00 p.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 (866) 831-8713 or (203) 518-9713. A 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 Products and Technology Solutions – with a shared vision...
January 11, 2018 CSPi honored as Gold winner in the 9th Annual 2017 Golden Bridge Awards® New Products and Services – Security Hardware
CSPi (Nasdaq:CSPI)  has earned the prestigious Gold status in the Golden Bridge Awards ® for CSPi’s ARIA™ Software Defined Security (SDS) platform. The coveted annual Golden Bridge Awards program encompasses the world’s best in organizational performance, innovations, products and services, executives and management teams, women in business and the professions, innovations, best deployments, product management, public relations, marketing, corporate communications, international business, and customer satisfaction programs from every major industry in the world. Organizations from all over the world are eligible to submit nominations including public and private, for-profit and non-profit, largest to smallest and new start-ups.
CSPi’s ARIA SDS platform is the industry's first solution, leveraging patent pending technology, that can make breaches irrelevant by automatically securing applications and the data within.  Containers and/or VMs are automatically secured as they spawn...

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