Scope Technologies Expands Its Quantum-Secure Authentication Solutions with Cloud Codes Acquisition

Scope Technologies Expands Its Quantum-Secure Authentication Solutions

Scope Technologies Corp., a frontrunner in quantum-secure infrastructure, has made headlines with its latest strategic move: the acquisition of Cloud Codes, a subsidiary of Plurilock Security Inc. This acquisition, which comes with a price tag of CAD $1.78 million, underscores Scope’s commitment to enhancing its offerings in the quantum-secure authentication space. As cyber threats evolve, particularly with the advent of quantum computing, the need for robust security measures is more critical than ever.

Overview of the Acquisition

On August 20, 2025, Scope Technologies announced that it has reached an asset purchase agreement with Plurilock to acquire its esteemed subsidiary, Cloud Codes. Established in 2011, Cloud Codes has built a solid reputation for delivering secure Single Sign-On (SSO) solutions and robust storage systems to enterprises worldwide. Currently, Cloud Codes supports approximately 270 business clients and caters to around 88,000 end-users.

With a user base primarily located in India (80%), followed by Europe (13%) and the United States (7%), Cloud Codes' reach and familiarity with market demands make it a valuable addition to the Scope Technologies portfolio. In 2025, Cloud Codes reported annual revenues of CAD $673,012 and a net income of CAD $228,131, demonstrating its profitability and growth potential.

Strategic Importance of Cloud Codes

Cloud Codes excels in providing secure SSO solutions, which are pivotal for companies transitioning to a digital-first approach. As organizations increasingly adopt cloud-based services, the requirement for secure authentication solutions has surged. The integration of Cloud Codes will allow Scope Technologies to broaden its quantum-secure ecosystem and offer innovative products within this pivotal sector.

Ted Carefoot, CEO of Scope Technologies, articulated the vision behind the acquisition: “By integrating the Cloud Codes authentication into the Scope Technologies family along with our quantum-resilient protection layer, we are fulfilling our mission to provide a global ‘Future Secured’ solution.” This underlines a significant pivot towards a comprehensive security framework capable of withstanding future cyber threats.

Details of the Acquisition Agreement

The acquisition agreement stipulates that Scope Technologies will provide CAD $100,000 in cash and issue 4,200,000 common shares at $0.40 each to Plurilock as part of the transaction. This total consideration values the acquisition, including all associated assets and systems of Cloud Codes, at CAD $1,780,000. Importantly, there will be a restriction on the resale of these shares for four months post-issuance.

The completion of this agreement is contingent upon receiving the necessary approvals from relevant exchanges, namely the TSX Venture Exchange for Plurilock and the Canadian Securities Exchange for Scope Technologies. As such, it is essential for potential stakeholders to remain attentive to these regulatory updates that are expected to unfold shortly.

Integration and Future Plans

One of the most exciting aspects of this acquisition is the anticipated integration of Cloud Codes into Scope’s existing products, which are branded under the QSE Group. The rebranding and integration are expected to enhance the usability and functionality of SSO solutions by coupling them with resilient storage options perfectly aligned for sectors that prioritize security, such as finance, healthcare, and long-term data retention enterprises.

The evolution of Cloud Codes into the QSE infrastructure will allow Scope to innovate rapidly; future enhancements may include offerings like identity federation, multi-factor authentication (MFA), and cryptographic key rotation aimed at providing long-term security assurance and regulatory compliance.

Additionally, with the recent ratifications of post-quantum cryptography standards by NIST, the market's readiness for such advanced technologies is accelerating. Scope Technologies can now position itself as an early adopter in implementing quantum-safe identity management solutions, outpacing traditional SSO vendors.

Conclusion

The acquisition of Cloud Codes represents a bold and strategic move for Scope Technologies, reinforcing its leadership in the field of quantum-secure solutions. By embracing innovative technologies and strengthening its service offerings, Scope aims to address the escalating need for secure digital environments in an ever-evolving cyber landscape. As the world approaches a new quantum era, Scope Technologies stands poised to deliver unparalleled security solutions for enterprises across the globe.

For further updates on Scope Technologies’ progress and the evolving quantum security landscape, interested parties can follow their journey through their official communication channels, including LinkedIn and Twitter.