Intelligent Protection Management (IPM) risk factors

27 risks, 1 new, 5 dropped, 3 reworded since the prior year. Newtek is now the largest customer at 32.5% of revenue, and its terminable referral arrangement is an explicit growth dependency.

31 risks. Information technology operations heavily rely on private cloud data centers in Phoenix and Edison, and key software vendor Microsoft. Recent acquisitions such as NTS bring customer concentration, regulatory oversight, and integration hurdles. Intellectual property exposure includes an active lawsuit filed by Cisco Systems.