Telos Wins US Commerce Department Cybersecurity Contract; Shares Rise
MT Newswires Live
5 hours ago
Telos (TLS) said Thursday it was awarded a new 12-month contract with the US Department of Commerce's Office of Inspector General for its Xacta software-as-a-service platform.
Under the contract, Commerce OIG will use Xacta 360, Xacta.io, and Xacta.ai to automate cyber governance, risk and compliance activities and support its Federal Information Security Modernization Act requirements.
The company added that it will also provide implementation, integration, configuration, and training.
Shares of Telos were up 6% in Thursday trading.
Price: 4.32, Change: +0.25, Percent Change: +6.02
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