Kustom Sells Video Solutions to Cycurion for $5.5M

0:00It's April 21st, I'm Cory with The Story. This is Kansas News Today, driven by AI. Kustin Minter-Tayman just updated his deal to sell off his video solutions business to Sykirion. The new total price lands at $5.5 million, including a $1.25 million cash down payment and a $4.2. $5 million secure promissory note at 7% interest paid over 36 monthly installments. At original agreement, drop back in January, right after Kustin rebranded from digital ally. It was pegged between $6 million and $8.5 million then, with $1.4 million in cash and the rest in Sykirion, preferred stock. CEO Stan Ross called it a solid step forward, saying it clears the path for custom to zero in on core growth like events while keeping video. Customers well served under Sykirion's watch. Some handles big productions, including the annual Country Stampede Music Festival at Azura Amphitheater in Bonner Springs, Kansas.

1:01Sykirion, out of McLean, Virginia, focuses on cybersecurity, program management, and an AI-powered platform for government, healthcare, and corporate clients. The deal should close by June 30th, 2026, wrapping this divestiture neatly and setting both companies up for their next plays.