Auxilio, Inc. (NYSE MKT: AUXO) is a leading provider of complete document workflow solutions and IT security services for the healthcare industry.
Client Goals
555 was originally engaged by Auxilio to assist with corporate and strategic advisory services to increase shareholder value. A component of 555’s work included expansion of the Company’s IT security offering.
Solution
Strategic advisory; Buy-side M&A advisory
555 developed and presented the Board of Directors with a strategic alternatives analysis, plan, and recommendations. As part of the overall services provided, 555 also assisted Auxilio with the development of acquisition criteria and provided buy-side advisory in its acquisition of CynergisTek, as well as in the Company’s earlier acquisition of Redspin, Inc. Both acquisitions greatly enhance Auxilio’s ability to meet the growing demand from healthcare customers for comprehensive IT security solutions that reduce risk and deliver long-term value.
“555’s presentation to the Board included clearly stated options and a well-defined strategy. Andre’s guidance was instrumental in the execution of Auxilio’s plan to enhance shareholder value through expansion of our IT security offering.”
- Joe Flynn, CEO of Auxilio