CSP INC /MA/ Business Summary

CSP Inc. (CSPI) operates as a specialized provider of IT integration solutions and advanced cybersecurity products, primarily generating revenue through a mix of high-value product sales and recurring managed services. The company is organized into two core segments: Technology Solutions (TS), which functions as a value-added reseller and managed service provider (MSP) for cloud and data center infrastructure, and High Performance Products (HPP), which develops proprietary security software and hardware, including the ARIA AZT PROTECT cybersecurity suite. As of early 2026, CSPI is aggressively transitioning toward a service-heavy model to capture higher margins, leveraging its status as a Microsoft Azure Platinum Partner and expanding its footprint in critical infrastructure sectors like energy and manufacturing. Within the small-cap technology landscape, CSPI competes directly with firms such as Innovative Solutions and Support (ISSC), Cerence (CRNC), and Sabre (SABR), positioning itself as a niche, high-security alternative to broader IT integrators by focusing on zero-trust protection for legacy and industrial systems. Leadership is spearheaded by President and CEO Victor J. Dellovo, an IT veteran who joined the company in 2012 following the acquisition of TechniSource Hardware, a firm he co-founded in 1997. Dellovo is supported by long-tenured Chief Financial Officer Gary W. Levine, who has overseen the company’s financial strategy since 1983 and previously played a pivotal role in the IPO of CPU Computer Corporation. The executive team also includes Mike Newbanks, Vice President of Finance and Chief Accounting Officer, who brings extensive controllership experience from his time at MODCOMP and TechniSource. The company’s governance is bolstered by a seasoned Board of Directors, currently chaired by Ismail “Izzy” Azeri, a co-founder of StackPath with deep expertise in cloud operations, alongside directors Anthony Folger (CFO of Progress Software) and Stephen Webber (CFO of Quickbase), reflecting a board pedigree heavily weighted toward enterprise software and cybersecurity scaling.