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CyberSecurity Announces Root9B Technologies, Inc. for Q1 2016

January 15, 2016


The Definitive List of the World’s Hottest and Most Innovative Cybersecurity Companies

Menlo Park, Calif. – Jan. 15, 2016

Cybersecurity Ventures announces the Q1 2016 edition of the Cybersecurity 500, a global compilation of leading companies who provide cybersecurity solutions and services.

The Cybersecurity 500 is online at

The Cybersecurity industry is growing from $75 Billion in 2015 to $170+ Billion in 2020, according to consolidated estimates by IT research firms and analysts cited in the Cybersecurity Market Report, published quarterly by Cybersecurity Ventures. There are many new entrants as well as M&A, investment and IPO activity, that is constantly changing the vendor and service provider landscape.

The Cybersecurity 500 creates awareness and recognition for the most innovative cybersecurity companies – ranging from the largest and most recognizable brands, to VC backed start-ups and emerging players, to small firms with potentially game-changing technologies, to solution providers poised for growth around productized or vertically focused services.

root9B Tops the List

root9B, a cybersecurity consulting and operational support firm with corporate headquarters in Colorado Springs, Colo., and regional offices in San Antonio, Texas, New York City, N.Y., and Charlotte, N.C., plus local cyber staff in other regions, is the No. 1 listed company on the Cybersecurity 500 for Q1 2016.

“In 2016, we are placing a greater emphasis on ‘pure play’ cybersecurity firms that focus mainly on advisory, consulting, specialized staffing, and support services” says Steve Morgan, Founder and CEO at Cybersecurity Ventures and Editor-In-Chief of the Cybersecurity 500. “root9B brings a rare combination of extensive real-world cyber defense experience, senior level cyber experts with backgrounds protecting U.S. federal agencies and commercial enterprises, deep subject matter expertise in the most important cybersecurity disciplines, a local presence in key U.S. regions with plans and the financial ability to expand into other regions, international exposure, and their own state-of-the-art adversary pursuit center. They have a very well thought out model for proactively hunting down and stopping network intruders for their clients” adds Morgan.

The cybersecurity workforce shortage has resulted in one million job openings in 2016. Pure play cybersecurity firms are providing essential cyber defense talent to small-to-mid sized companies, Fortune 500, and Global 2000 corporations that are struggling to staff up to the cyber threats they are facing.

“We are honored to be recognized as the Cybersecurity 500’s top cyber firm” says Eric Hipkins, CEO at root9B. “This shift of pure play cyber companies clearly documents the requirement for innovative, security-for-a-service companies.” adds Hipkins.

Moving up the List

Companies already on the list who have moved up within the top 25 for Q1 2016 include:

  • IBM Security (Waltham, Mass.) at No. 5
  • Forcepoint (Austin, Texas) at No. 8
  • BT (London, United Kingdom) at No. 10
  • Sophos (Abingdon, United Kingdom) at No. 17
  • IKANOW (Reston, Va.) at No. 19
  • Dell SecureWorks (Atlanta, Ga.) at No. 22
  • Thycotic (Washington, D.C.) at No. 25

Selection Criteria For The Cybersecurity 500

“We continuously look at thousands of companies for inclusion in the Cybersecurity 500, by soliciting feedback from CISOs, IT security practitioners and service providers, and researching hundreds of cybersecurity events and news sources that we follow” says Steve Morgan, founder and CEO at Cybersecurity Ventures, and Editor-In-Chief of the Cybersecurity 500.

Selection Criteria

The selection criteria for the Cybersecurity 500 is subjective and includes some or all of the following when evaluating each company:

  • Cybersecurity Sector (market category)
  • Problem(s) Solved
  • Customer Base
  • Feedback from CISOs and Decision Makers
  • Feedback from IT Security Evaluators & Recommenders
  • Feedback from VARs, SIs and Consultants
  • VC Funding
  • Company Growth
  • Published Product Reviews
  • Demos and Presentations at Conferences
  • Corporate Marketing and Branding
  • Media Coverage
  • Notable Implementations
  • Founder and Management Pedigree
  • Interviews with Senior Management

The Cybersecurity 500 does not rank companies by revenues, employees, or annual growth. “We do not think a list of the largest cybersecurity companies is useful to our target audience of cyber and IT security decision makers, evaluators, and recommenders” says Morgan. “They already know who the biggest vendors are. Instead, we give a nod to the hottest and most innovative companies”.

Searchable Directory

The Cybersecurity 500 is both a list and a keyword-searchable directory. Users can type in a cybersecurity term or acronym i.e. ‘malware’, ‘incident response’, ‘threat management’, ‘encryption’, ‘mobile security’ etc., and then view a list of companies who provide solutions in that category. A link to the corporate website is displayed next to each company that is listed.

“The driving force behind the Cybersecurity 500 was providing something useful to the CISOs and security decision makers, evaluators, and recommenders” said Morgan. “Our compilation lets them search and find specific types of solutions from the most innovative Cybersecurity companies in the industry.”

Quarterly Editions & Monthly Updates

Cybersecurity Ventures publishes a new edition of the Cybersecurity 500 each quarter. The revised quarterly editions have new companies coming on the list, others dropping off, and changes to the listing order, to accurately reflect the current hottest and most innovative companies. There are also monthly updates to the list, with specific market sectors and geographies being reviewed by Cybersecurity Ventures’ editors.

Premium Listings

The Cybersecurity 500 is not a ‘pay-to-play’ list. There is no cost for a company to be listed, and every company on the list has been selected based on merit according to the selection criteria. After a company is selected and listed, there are paid premium listings and advertising opportunities – but that should not be confused with paying to get on the list which is against Cybersecurity Ventures policy. Premium listings are limited to specific positions for each company on a case-by-case basis, based on a range where they qualify to be listed.

Payment Data Systems (Nasdaq Listed)

January 15, 2016

mark & nasdaq

Joshua Scheinfeld, Chairman/CEO Lincoln Park at LD Micro Conference 2015

June 3, 2015

Josh Scheinfeld

Mike Pruitt, CEO of Chanticleer Holdings, presenting at LD Micro Conference 2015

June 2, 2015


At the LD Micro Conference 2015 in LA with our Chairman Aaron Dobrinsky, CEO of Signal Systems and Advisor to Wellfleet.

June 2, 2015


General Employment Enterprises to Acquire Scribe Solutions, Inc.; Former CEO of MPS Group to be Appointed Chairman & CEO

December 16, 2014

General Employment Enterprises to Acquire Scribe Solutions, Inc.; Former CEO of MPS Group to be Appointed Chairman and CEO


NAPERVILLE, Ill., Dec. 12, 2014 /PRNewswire/ – General Employment Enterprises, Inc. (NYSE MKT: JOB) (“the Company” or

“General Employment”) a provider of specialty staffing services today announced that it has signed a definitive agreement with Scribe Solutions, Inc. (“Scribe”), whereby General Employment will issue Series A Convertible Preferred Stock of the Company in exchange for one hundred percent of Scribe Solutions’ common stock. Under terms of the agreement, the exchange ratio is based on Scribe having a value between $6.4 and $7.9 million as determined by an independent appraisal firm. The transaction has been unanimously approved by the boards of directors of each Company and a majority of their respective shareholders. Upon completion of this transaction, Scribe Solutions, Inc. will become a wholly owned subsidiary of General Employment Enterprises, Inc. The stock exchange agreement is subject to certain regulatory and other approvals. Closing of the acquisition is expected to occur during the first quarter of 2015. After consummation of the transaction, Andrew Norstrud, current Chief Executive Officer of the Company, will continue as Chief Financial Officer of General Employment. Derek Dewan, current Chairman and Chief Executive Officer of Scribe Solutions, Inc. will become Chairman and CEO of General Employment. Mr. Dewan was previously Chairman and CEO of MPS Group, Inc. In January 1994, Mr. Dewan joined AccuStaff Incorporated, MPS Group’s predecessor, as President and Chief Executive Officer, and took that company public in August 1994. Under Mr. Dewan’s leadership the company became a Fortune 1000 world-class, global multi-billion dollar staffing services provider, through significant organic growth and strategic acquisitions. MPS Group grew to include a vast network of offices in the United States, Canada, the United Kingdom, Continental Europe, Asia and Australia. MPS Group experienced many years of continued success during Mr. Dewan’s tenure and he led successful secondary stock offerings of $110 million and $370 million. The company was on the Wall Street Journal’s “top performing stock list” for three consecutive years. In 2009, Mr. Dewan was instrumental in the sale of MPS Group to the largest staffing company in the world, Adecco Group, for $1.3 billion. Andrew Norstrud commented, “The acquisition of Scribe brings to General Employment sustained profitability, one of the best CEOs in the industry and entry into the growing healthcare staffing market. With the addition of Derek’s expertise, we will accelerate our efforts to build out the Company’s service offerings in the professional and other staffing segments. In particular, I am excited about the Company’s entry into the higher margin and fast growing healthcare staffing market. Additionally, I am looking forward to working with Derek; his extensive experience in the staffing industry will be key in propelling our organic growth and leading a strategic acquisition strategy. We welcome the entire Scribe team to the General Employment family.” Derek Dewan added, “I am thrilled to become a part of General Employment, a pioneer in the staffing industry. Having been in operation since 1893, the Company has a reputation for outstanding customer service and I look forward to continuing that legacy.” Dewan continued, “Andrew and the hardworking employees have achieved much success in building a great staffing company which will serve as the foundation and platform for General Employment to execute its strategy. The Company is well positioned to increase its breadth and depth of service offerings, fuel internal growth, and acquire the best operating companies in the staffing industry. I look forward to assisting General Employment in achieving its strategic goals and increasing shareholder value.” Mary Claire Menze founded Scribe Solutions in 2008, and she will assume her previous role as President of Scribe, following the completion of the acquisition.

About General Employment Enterprises, Inc.

General Employment Enterprises, Inc. (the “Company”) was incorporated in the State of Illinois in 1962 and is the successor to employment offices doing business since 1893. The Company provides staffing services through a network of offices located in the United States. The Company operates in two industry segments, providing professional staffing services and solutions and light industrial staffing services through the names of General Employment, Ashley Ellis, Triad and Omni-One.

About Scribe Solutions, Inc.

Scribe Solutions was formed in 2008 to meet the demands that physicians face with overcrowded waiting rooms, and to overcome the challenges presented by electronic medical records (EMR), and the rising cost of quality patient care. By providing physicians with personal assistants (medical scribes), Scribe offers turnkey programs where it recruits, qualifies, hires, and trains resources to serve as scribes at sites across the United States, and alleviates the burden of documentation and clerical duties. Scribe Solutions has developed a low cost staffing solution that improves productivity by providing scribe programs to emergency departments, physician practices, and outpatient and inpatient facilities.

Forward-Looking Statements

The statements made in this press release that are not historical facts are forward-looking statements. Such forward-looking statements often contain or are prefaced by words such as “will” and “expect”. As a result of a number of factors, the Company’s actual results could differ materially from those set forth in the forward-looking statements. Certain factors that might cause the Company’s actual results to differ materially from those in the forward-looking statements include, without limitation, those factors set forth under the heading “Forward-Looking Statements” in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2013, and in the Company’s other filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaims any such obligation to) and does not intend to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.


CONTACT: Andrew J. Norstrud, Chief Executive Officer, Phone: (813) 803-8275,;

John Nesbett/Jennifer Belodeau, Institutional Marketing Services (IMS), Phone: 203.972.9200,


Arava Power Update

June 23, 2014

Dear Friends and Founders,

We are pleased to bring you news of a significant event for Arava Power.  The Phoenix Holdings Group in Israel, one of the leading financial institutions with more than 60 billion NIS under management, has signed an agreement to invest $15 million in Arava Power.  The closing is expected to take place over the next several months once government approvals are obtained. This transaction is significant in many ways for Arava Power’s future.  Most significantly, the transaction accomplishes the following:

  • Replaces Siemens as an equity holder with Phoenix (the majority of the investment is going to Siemens for this equity stake);
  • Represents Phoenix’s desire to invest more in infrastructure by using Arava Power as a platform company in photovoltaics; and
  • Provides Arava Power with an in-country partner that is motivated and able to help finance Arava Power’s future pipeline of projects.

Moreover, this transaction is being done without dilution to the Global Sun Partners, LP stake in Arava Power.  In the short-term, the effect is primarily to position Arava Power for our next stage of growth;  while in the long-term, Arava Power is now able to compete more aggressively in whatever regulatory framework is ultimately established by the government for the next chapter of the Israeli solar industry. This transaction is the culmination of more than a year of work and complex and challenging negotiations.  It is a critical achievement to ensure our opportunities in the future.  We will soon send you a notice for our annual limited partners meeting.  We will be happy to discuss this transaction and more at that time. In the meantime, please find below the English language translation of the press advisory issued today in Israel. Shine on, David, Ed, Howie & Yosef

June 22, 2014

Phoenix acquired Siemen’s part and invested $15M in the Solar Energy Company Arava Power    This is the first step of more a extensive plan to invest in Israeli infrastructures   Today, (Sunday) Phoenix signed an agreement to acquire Siemen’s (Siemens Project Ventures GmbH) part in the solar energy company, Arava Power, and to further invest. The scope of the transaction, via Amitim and Nostro funds, stands at 15 million dollars, hence defining Phoenix a substantial partner in the company. Within the transaction framework Phoenix is expected to receive a double digit IRR on its investment.   Roee Yakir, CEO, Phoenix Investments and Finance: “Phoenix’s investment in Arava Power is an additional step of a more extensive plan to invest in infrastructures, which is intended to broaden investment portfolios and generate predictable cash flow, characterized by relatively low correlation for economic turnover. PV solar energy is a unique subdivision in the field of renewable energies which, beyond contributing to the environment by producing clean electricity, benefits from stable cash flows reinforced in long term power sales agreements. Arava Power is a worthy partner with proven abilities in initiating solar projects of the broadest scope among the current players active in the field. This investment opens numerous opportunities for Phoenix for additional partnerships in the field of solar energy alongside the leading player in the industry”.   Ed Hofland, Chairman, Arava Power Company: “We at Arava Power are grateful to Phoenix for its trust throughout the entire process and we are positive that this transaction, together with Phoenix, will enable Arava Power to invest in and develop many more projects in the energy field. Furthermore, we would like to thank Siemens for five years of true partnership during which we built a strong infrastructure of solar projects producing some 100MW of green energy throughout the Negev and the Arava”.     On behalf of the Arava Power Company the transaction was led and managed by: Ed Hofland (a member of Kibbutz Ketura which is a principle investor in the company) and David Rosenblatt (Co-founder and Vice Chairman); Eran Litvak, CFO; Adv. Orit Marom, Shibolet  and Adv. Einat Davidson. Phoenix was accompanied by Mark Phillips and Limor Hudir, HFN; Ziv Haft Accounting and Plenergy Engineering.     Phoenix Insurance is the main branch of Phoenix Holdings Group. The company deals in all branches of insurance: General insurance, health insurance, life insurance and long term savings and financial services.   Arava Power is the leading solar energy company in Israel and pioneer in solar fields. It was the first solar energy company to launch a ground-based solar field in Israel, Ketura Sun,  in 2011. Last month Arava Power launched 6 additional solar fields in the Negev and Arava that together will produce 36MW of clean electricity.  The company has begun construction of a large-sized solar field, also in Kibbutz Ketura, on 600 dunams, which will produce 40 MW.   For additional details: Arad Media – Irit Radia/Michal Hadar – 03-7693333, 054-6699311/02 UNIK – Irit Nachmani – 054-6687006

Arava Power/Global Sun

June 6, 2014

June 5, 2014- View of Arava Power/Global Sun Solar Field in Mitzpah Ramon, Israel as taken by one of our Investors in our 2010 investment and Advisor to Wellfleet, Dr. Michael Nimaroff.


June 3, 2014


Naperville, IL- New York City, NY– (May 30th, 2014) – General Employment Enterprises, Inc. (“JOB”), a 120 year old Company that provides staffing services in the United States, in its first 2 months since it has engaged Wellfleet Partners to provide ongoing management services, has announced the appointments of three professionals, all of whom have been referred to by Wellfleet: First, the Company announced on April 22, 2014 the formation of an Advisory Committee and named as its first member Harry Newton, a successful entrepreneur, Investor and financial blogger ( Mr. Newton is also a Senior Member of Wellfleet Partner’s Advisory Committee; Second, on May 9th, 2014 the company appointed Francis (Frank) Elenio as its Chief Financial Officer. Mr. Elenio is an experience financial and accounting executive for over 25 years and is a longtime friend and professional associate affiliated with Wellfleet and many of their portfolio companies; and Finally, on May 22nd, 2014, the Company announced that it had appointed Jack Zwick, Certified Public Accountant and Founder of Zwick and Banyai, PLLC to its Board of Directors as Chairman of the Audit Committee.  “We are very pleased to have referred the three aforementioned professionals, advisors and dear friends of Wellfleet to JOB, our first investment through Aracle. We have no doubt that each will serve the Company in great stead” stated Mark I. Lev, Chairman & CEO of Wellfleet Partners, Inc.

About General Employment Enterprises, Inc.

General Employment Enterprises, Inc. (“JOB”) is a 121 year old New York Stock Exchange listed public Company that provides staffing services in the United States. The company offers professional placement services, including placement of information technology, engineering, and accounting professionals on either a regular placement basis or a temporary contract basis. It also provides weekly temporary staffing for light industrial clients. The company markets its services under the General Employment Enterprises, Omni One, Business Management Personnel, Ashley Ellis, Triad Personnel Services, Triad Staffing, Generation Technologies, BMCH, and BMCHPA trade names. General Employment Enterprises, Inc. was founded in 1893 and is headquartered in Naperville, Illinois

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc., a sixteen year old boutique financial services, advisory and consulting firm, was founded by Mark I. Lev, esq. in 1998.  The company engages in a wide variety of consulting, and advisory work such as management consulting, strategic partnership due diligence and corporate advisory activities for a broad range of clients. These include public and private, emerging small to medium-sized, domestic and internationally-based, growth companies.  In addition, Wellfleet looks to make principal investments through its affiliate, Aracle Capital. It has strategic domestic and international partnerships in Florida and California, Dublin, London, Perth, Tel Aviv, Beijing and Tokyo. For more information, please go to A new 2014 electronic brochure, prior quarterly newsletters and/or recent press releases are available upon request.

About Aracle Management, LLC

Aracle Management, LLC is a private investment company formed in 2013 that seeks to maximize total returns by incorporating event driven capital and opportunistic approaches coupled with synergistic management assistance. Investments are made in national and internationally based publically-traded companies with market capitalization of less than $100M. All investments are currently made via Special Purpose Funds. The Company is owned by professionals in New York City, New York, and Dublin, Ireland.


Congratulations Harry. We are very proud of your efforts with the state of Israel.

May 23, 2014

Israel-Firetruck (2)