Scope Technologies to Acquire Cloud Codes, Expanding Quantum-Secure Authentication & Storage Ecosystem

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Aug 20 2025

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Source: PRnewswire

Acquisition Announcement: Scope Technologies Corp. has entered into an asset purchase agreement to acquire Plurilock Security Inc.'s subsidiary, Cloud Codes, which specializes in secure Single Sign-On (SSO) and distributed storage solutions.
Strategic Goals: The acquisition aims to enhance Scope's quantum-secure ecosystem by integrating Cloud Codes' technology, enabling the development of a quantum-resistant SSO platform and improving enterprise-grade protections against future quantum threats.
Financial Details: Scope Technologies will pay CAD $100,000 and issue 4,200,000 common shares as part of the total consideration valued at CAD $1,780,000 for the acquisition of Cloud Codes.
Future Integration Plans: Post-acquisition, Cloud Codes will be rebranded under the QSE Group and integrated into Scope’s product offerings, with plans to introduce advanced features like multi-factor authentication and compliance certifications targeting regulated industries.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.