Nerds On Site Inc (CSENERD) (QTCMKTS:NOSUF), a Toronto-based mobile IT solutions company, updated investors on the expansion of its US operations.
"In continuing to build a strong market presence, NERDS has several key growth initiatives that are building momentum in new US markets," CEO Charles Regan said in a statement. "Our team has put in place an innovative cybersecurity channel pilot partnership in the insurance sector, we have added to our NERDS team in Nevada and North Carolina and this week we are launching a marketing program to various chambers of commerce members in key regions where we now have the teams and infrastructure to serve."
The channel marketing pilot partnership is designed to educate hundreds of protective small and medium enterprise (SME) clients on the cybersecurity risks they face and what Nerds On Site can do to help.
READ: Nerds On Site’s record $2.9M fiscal 1Q revenue driven by growth in cybersecurity and US markets
"This is an innovative approach that is solution oriented and streamlined at time when cybersecurity insurance claims are forecasted by MarketWatch to increase from $2.92 billion in 2019 to $16.7 billion by 2024," Regan said. "This model is totally aligned with our philosophy, to inform and empower our clients and establish long term relationships on the ground with our NERDS. We see this as a model that can grow from the pilot into a dedicated program we can package and promote to other insurance brokers with SME clients."
The company said it added three new members to its teams in Nevada and North Carolina, with two prospective members in training expected to come online in the next 6 to 8 weeks.
Additionally, Nerds On Site has developed a cybersecurity and IT support package to be marketed through select chambers of commerce in Florida, North Carolina and Ontario.
"This is an exciting period,” Regan concluded. “The work we have done to lay the foundation, build the brand and train NERDS in key regions is providing the springboard for us to launch specific marketing programs to grow our client base."
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