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Goldman Small Cap Research Publishes New Research Update on Infinite Group, Inc.
Goldman Small Cap Research Publishes New Research Update on Infinite Group, Inc..
About this update from Infinite Group, Inc.
[{"type":"text","content":"BALTIMORE, MD / ACCESSWIRE / April 6, 2022 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research update on Infinite Group, Inc. (OTCQB:IMCI), an emerging cybersecurity and information security firm. The update carries a price target. To view the new research update, previous IMCI reports and updates, along with disclosures and disclaimers, or to download the update in its entirety, please visit https://bit.ly/3NNQjSq.Headquartered in Pittsford, NY with a workforce spanning across the United States, IGI works with organizations on all levels of Information Security and Cybersecurity. IGI is also the OEM of the Nodeware® vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. Through the Company's evolution from 1986 to today, IGI has continued to build on its strong foundation of securing data, systems, and technologies to become a leader in the cybersecurity field. IMCI is set to close on the acquisition of cybersecurity competitor Pratum, Inc. during 2Q22.In the Opportunity Research report, analyst Rob Goldman reviews the pending IMCI acquisition of Pratum, a recently filed equity offering, and the potential future impact of these milestones on the Company and its valuation.Near Term Events to Drive Enhanced Valuation, PositioningGoldman commented, "A recent IMCI filing provides greater insight into IMCI's pending equity offering and the upcoming closing of the Pratum acquisition. We believe this deal leads to an enhanced valuation and positioning for IMCI. In Iowa-based Pratum, a $4.4M in sales cyber services player, IMCI is acquiring a complementary services suite provided to a large client base that represents a diverse set of industry clients, ripe for cross-sale opportunities. Pratum brings a Security Operations Center and monitoring software that enhances IGI's portfolio of offerings. We believe this deal could evolve into a Midwest hub for IMCI as it strengthens IMCI's Midwest sales exposure. "Favorable Deal Terms"IMCI is set to raise up to $15M in an equity offering with $8.5M in proceeds to be paid to Pratum, representing a 1.9x price/sales valuation," noted Goldman. The $15M equity offering is expected to ...