Cerner downplays Q2 acquisition of cybersecurity company for $35M

Later during the call, Cerner President Don Trigg pointed out cybersecurity as it associates with the shift toward telemedicine during the pandemic.
” [Telemedicine] will produce interesting chances for us to think about locations like cybersecurity, where weve made huge investments contextual for strategies like tele, as we see increased level of sensitivity to what the go-forward methods need to look like in a various regulative and administrative environment.” More posts on EHRs: Cerners income drops 7% for Q2: 5 things to knowShuttered North Carolina clinics medical records found in dumpster: 3 detailsEpic data center to get almost $4M upgrade: 3 things to understand

He offered no more information about the acquisition on the call.
” Its not truly something that we can speak about a lot, however its improving our abilities inside the security space,” he said.

Cerner bought an unnamed cybersecurity business in the 2nd quarter for $35 million, an acquisition the EHR businesss CFO called “pretty small,” when it was exposed during its recent revenues call.
Cerners second-quarter capital statement included the acquisition, which CFO Marc Naughton identified as the recently bought the business.
” We can see that as an opportunity,” he stated when questioned about the line item, as transcribed by Seeking Alpha, a business focused on the investment community. “We already used those services through our expert services organization, but we believe in the present environment, security has always been a big focus and being able to cause resources that have contacts because, especially contacts outside of our customer base where we can extend that service capability beyond our existing customers, was something that was appealing to us.”
Mr. Naughton stated Cerner did not report the acquisition beyond the cash circulation statement due to the fact that it was “quite small.”


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