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Infinite Group Inc. Stock Jumps 31% After Announcing Strategic Integrations For Its Nodeware® SaaS Platform ($IMCI)

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Infinite Group Inc. Stock Jumps 31% After Announcing Strategic Integrations For Its Nodeware® SaaS Platform ($IMCI)

September 14
07:19 2022
Infinite Group Inc. Stock Jumps 31% After Announcing Strategic Integrations For Its Nodeware® SaaS Platform ($IMCI)

Infinite Group, Inc. (IGI) (OTCQB: IMCI), shares surged by over 30% on Monday after an announcement from its wholly-owned subsidiary, IGI CyberLabs, that its patented award-winning Nodeware® technology made further progress supporting vital integrations in the MSP ecosystem through key strategic partnerships. These most recent integrations are expected to be more than just near-term value drivers for IMCI and its investors. They also accelerate IMCI’s long-term mission to provide powerful and robust solutions, which enable their partners and clients to simplify business processes, increase revenue, and deliver added value to their own customers.

And the better news is that the momentum behind the move may be strengthening. IMCI certainly believes so. Stuart Cohen, President of IGI CyberLabs, said, “Leveraging the continuous scanning output into our partners’ platforms provides the MSPs a new level of productivity and efficiency that they have never had in the past.”

Keep in mind that it’s just one part of IGI CyberLabs’ focus on delivering vulnerability management solutions through Nodeware. Still, that “one part” is vital and best-in-class, expected to drive numerous integrations and add value to other tools in the market that further the mission of better cyber hygiene for IMCI’s MSP partners and customers. 

Industry And Client Accolades

Both sides of that equation are excellent for IMCI. These integrations, at their core, drive greater exposure and growth for Nodeware and increase the number of mid-market customers’ awareness of the benefits of lightweight, continuous scanning. That, of course, is excellent news for IMCI and its investors.

And they aren’t alone in that thinking. Janet Schijns, CEO of The JS Group and a CIO Look Top 10 Woman in Tech, said, “The approach of Nodeware to integrate with other MSP-friendly software and solutions providers is impressive and extremely relevant for MSPs of all shapes and sizes as they continue to innovate to provide the services their MSP customers need to protect their data and businesses,” She added, “Integrating what they do best with what other providers do best, is a winning combination and I applaud them.”

And IMCI is earning more than industry accolades; they are scoring impressive deals. Among them are strategic integration partnerships with SecurityStudio, Cysurance, and Gradient MSP. All are valuable and, more importantly, value drivers.

Making Deals, Penetrate Markets

Its deal with SecurityStudio, a nationally recognized risk management company, incorporates the vulnerability scanning data from Nodeware into its S2 risk management platform to provide an enhanced risk picture to MSP customers that are continuous, defensible, and insurable. This integration is further enhanced by the partnership with Cysurance, a specialized cyber insurance provider that allows their products to be included in a security stack, protecting MSPs and their clients.

Speaking about its value, Ryan Cloutier, President of SecurityStudio, said“By leveraging our integration partners and the S2 WISE approach to cybersecurity, we are able to put risk into a business context, empowering the MSPs we serve to connect better with the business, do more with less effort and more accuracy, and keep the businesses they serve focused on what they do best.” Here’s where it gets better from an IMCI investor’s perspective.

“The data from the Nodeware and SecurityStudio solutions gives us the ability to provide best-in-class cyber insurance to MSPs and their clients,” added Kirsten Bay, CEO of Cysurance.” It dramatically improves underwriting outcomes and reduces risk for everyone.” In other words, Nodeware makes already excellent companies better. And that service enables accelerating growth, which could be why investors are bidding higher shares.

But more than taking advantage of an undervalued share price, they are timely. Keep in mind that more value will come from Nodeware being integrated into Gradient MSP’s Synthesize platform, allowing them to automate billing reconciliation for MSPs. The integration of Nodeware now supports eight of the top PSAs in the IT channel, enabling MSPs to reconcile their Nodeware licenses in a single mouse click. That’s a big deal.

A Big Addition To MSP Clients

Further, MSP solution providers are leveraging Nodeware’s integration capabilities as well. ThreatAdvice, a company focused on cybersecurity management solutions for the MSP space, has integrated Nodeware and Cysurance as the engines behind the Detect IT and Protect IT modules, respectively, of its Breach Protection Platform. Notably, in addition to being the first continuous vulnerability scanner that is platform agnostic, Nodeware provides comprehensive, easy-to-digest data for MSPs to use for the management and remediation of their clients.

It’s technical jargon, but make no mistake, IMCI is ushering in parts of a technological revolution. That makes its roughly $0.10 share more than an attractive proposition; it makes it a compelling one.

And despite its small-cap price, Infinite Group, Inc. is no small player in the sector. This Rochester, NY business leverages strength from a remote workforce across the United States, delivering technology and people-driven cybersecurity for personalized, resilient cyber defense focused on individualized business strategy, enterprise-wide expertise, and unshakeable partnerships.

As discussed above, the shining star of the IGI CyberLabs product lineup is the OEM of the Nodeware vulnerability management solution, an award-winning SaaS platform that continuously scans networks to identify critical vulnerabilities. It’s more than a value driver for IMCI; it’s a technology game-changer for businesses in multiple sectors with different needs.

But at its core, it’s the right product at the right time, with Nodeware, an in-demand cybersecurity solution helping businesses reduce their risk of ransomware or other cyber-attacks with breakthrough simplicity and affordability. It’s not only a breakthrough; it’s easy to use. Better still, the SaaS solution can be integral in helping businesses meet compliance requirements and, even better, can be effectively and efficiently bundled with other IT or security offerings to upsell managed services.

Opportunity Is In Play

From a market opportunity perspective, IMCI is targeting a huge one. Not only because Nodeware is an excellent product but because IMCI is doing more than just filling a security gap for clients and clients’ customers; they’re also filling a need in the channel cybersecurity market by creating a powerful opportunity for MSPs and resellers. And that need puts a multi-billion dollar market opportunity into play. Thus, while IMCI was referred to as a win-win proposition earlier, a more accurate description may be that they’re a win-win-win provider, with IMCI investors a part of that group.

If the 30% spike in share price didn’t attract attention yesterday, consider it an opportunity today. IMCI may be under the radar, but that’s a changing scenario. And not only because its stock is moving higher but because investors recognize IMCI is entering a period of hypergrowth. And as always, those recognizing investment opportunities early typically get the most bang for the investment buck. 

Indeed, the news yesterday was impressive. And so was the spike in price. But, chances are, there’s plenty more in the queue to support a more appreciable move. And with expectations that those headlines will come sooner rather than later, trading ahead of them may be a wise and timely consideration.

 

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