Cycurion wins $54.6M contract, acquires Digital Ally video unit

Cycurion, Inc. (NASDAQ: CYCU), a McLean, Virginia-based cybersecurity and public safety solutions company, announced a $54.6 million, 10-year contract award and the acquisition of Digital Ally's Video Solutions business, according to a press release statement.

The contract, described as the largest in Cycurion's history, was secured through a global consulting firm and supports the modernization and secure operation of a major state Health and Human Services system. Work is scheduled to begin in November 2026 and is expected to generate more than $5 million in annual revenue.

The acquisition of Digital Ally's Video Solutions business adds approximately $5.5 million in annual revenue, more than $1.2 million in EBITDA, and an installed customer base of more than 800 law enforcement agencies. The company said its pro forma gross revenue run rate stands at approximately $30 million following the closing of the transaction.

"The Digital Ally acquisition is an important step in expanding our public safety ecosystem," said L. Kevin Kelly, Chairman and Chief Executive Officer. "The transaction adds recurring revenue, attractive margins, valuable technology assets, and significant cross-selling opportunities."

Kelly also outlined plans to expand Cycurion's offensive cybersecurity capabilities, targeting vulnerabilities before organizations are compromised. The company said public safety engagements are intended to serve as a foundation for broader expansion into federal government and commercial cybersecurity markets.

"We have made significant progress strengthening the Company's financial foundation, reducing debt, improving margins, securing long-term contract visibility, and expanding our technology portfolio," Kelly said.

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