Cycurion, Inc. · NASDAQ:CYCU
Cycurion — SPAC Merger (November 2022)
20 slides from Cycurion's SPAC merger presentation, Nov 23, 2022
Slide 1: Company Overview November 2022
Company Overview November 2022
Slide 2: Important Information and Where to Find it
Important Information and Where to Find it In connection with the proposed business combination, Western will file a registration statement on Form S - 4 with the SEC. The Form S - 4 will include a proxy statement/prospectus of Western. Additionally, Western will file other relevant materials with t
Slide 3: Forward Looking Statements
Forward Looking Statements The information in this press release includes “forward - looking statements” within the meaning of “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward - looking statements can be identified by words such as: “target,” “believe,” “expe
Slide 4: Transaction Structure
Transaction Structure • Cycurion, Inc. (“ Cycurion ”) to combine with Western Acquisition Ventures Corp. (“ Western ”), a publicly - listed Special Purpose Acquisition Company (“ SPAC ”), with approximately $116.77 MM cash currently held in trust 1 Valuation • Transaction implies a pro forma enterpr
Slide 5: Transaction Overview: Sources, Uses and Pro Forma Valuation
NOTE: 1. Assumes no redemptions by the public shareholders of Western 2. Reflects the conversion of Cycurion’s outstanding convertible notes and/or preferred stock, which will convert into common stock of the combined company 3. As of September 30, 2022 4. Up to $5.00M PIPE Investment 5. Estimate of
Slide 6: The Cycurion Team
The Cycurion Team C E O Alvin McCoy CFO Emmit McHenry • Founded NetCom Solutions International and grew to nearly a $300MM company in six years with operations in US, UK and South Africa • Founded Network Solutions and led its sale to SAIC • Held senior executive position at Connecticut General, Uni
Slide 7: Western Management and Directors
• CEO of Range Ventures, LLC • BOD and CFO for XS Financial, Inc. (CSE: XSF) • Former CFO of KushCo Holdings Inc. (OTCQX:KSHB) • Former VP of Investment Strategist for Comerica Asset Management • Managing Partner, OKA Holdings, LLC • Chief Operating Officer, Techni - Tool Inc. • Former Investment Pr
Slide 8: Cyber Attacks are Existential Threats
The total cost of cybercrime attacks could reach $10.5 trillion by 2025, representing a CAGR of 15% over the next five years. Source: Cybersecurity Ventures • “As the world is increasing interconnected, everyone shares the responsibility of securing cyberspace.” - Newton Lee • “Cyberattacks are beco
Slide 9: Cybersecurity market growth and spending
Cybersecurity products and services could reach $174 billion in 2024, representing a CAGR 8.1% for the period 2020 - 2024. Source: IDC • US is estimated to be the largest market, followed by China and the UK. Gartner projects the global cybersecurity spend to reach $207 billion by 2024. • Gartner pr
Slide 10: Company Snapshot
In the age of Digital Transformation, the growing risk of cyber - piracy requires unique solutions to protect sensitive data and prevent data breaches for the privacy of patients, clients, partners, and organizations. Cycurion is committed to delivering cybersecurity solutions that protect our clien
Slide 11: Key Clients and Partners
Government Commercial Key Clients and Partners
Slide 12: Business Description
Our Vision is to be the leading provider of cybersecurity solutions and services Managed IT Services Managed Security Solutions Cycurion Cybersecurity Platform Consulting and Advisory Services Our Mission is to protect our clients’ digital assets by partnering the right tools and data with the right
Slide 13: Services and Solutions
Services and Solutions Managed IT Services □ Project Management and IV&V □ Microsoft 365 Support □ Voice and Data Infrastructure Engineering and Management □ IT Help Desk Support □ HW/SW License Management □ Systems Engineering and Administration □ Application D ev el op m e n t □ Staff Augmentation
Slide 14: The Cycurion Security Platform Technology
The Technology Layer 1: Geo - Gating Layer 3: Bot Mitigation Talent Seasoned and certified cybersecurity professionals focused on protecting our clients’ digital assets. Techniques Well - versed in the leading cybersecurity frameworks, allowing us to deliver services efficiently. Tools Experience wi
Slide 15: Cycurion ARx Dashboard
Cycurion ARx Dashboar @ vest ucor
Slide 16: Value Proposition
• Customer Cost Savings • Reduce False Positive Alerts • Reduction of Monitoring Staff • Reduction of Technology Cost • Real - time Integrated Management and C - Suite Dashboard • Product can be placed in front of or behind existing security products • The Cycurion Advantage • Experienced Leadership
Slide 17: Growth Strategy
• Build Capacity to Generate Organic Growth and Profit • Add C - Suite Executive Talent to Team • Build Internal Sales and Marketing Team • Increase Capacity of Security Operations Team • Increase Resources allocated to R&D and Product Development • Growth through Acquisitions • Target Commercial MS
Slide 18: Appendix
WW sm Cycurion Appendix
Slide 19: Board of Directors
Derek J Penn Director Leela J Gray Director • Independent Trustee Charles Schwab Corporation - Board of Trustees Mutual Funds and ETFs • Former Managing Director - Head of Equity Sales and Trading BNY Mellon// Pershing Capital Markets • Former Head of Equity Trading Fidelity Investments, Head Trader
Slide 20: Security Platform Competitive Analysis
ww cycurion 7) Security Platform Competitive Analysis Cycurion Security Akamai Imperva F5 CloudFlare Radware Platform Managed Security Services G WAF G G (C) G (C) ©) Operate on Detect Mode G Bot Mitigation G G G () (C) (2) Proprietary Algorithm G : Geo-Gate Out the Box G Pure Software Solution G =