Scope Technologies, a provider of quantum-secure infrastructure solutions, has acquired India-based Plurilock Security Private Limited, known as Cloud Codes, in a C$1.78 million deal. The acquisition includes all Cloud Codes assets, with Scope paying CAD $100,000 in cash and issuing 4.2 million common shares at $0.40 each.
Founded in 2011, Cloud Codes specializes in secure Single Sign-On (SSO), identity management, and distributed storage solutions. It serves 270 business clients and 88,000 end-users worldwide, with the majority of its customer base in India, followed by Europe and the United States. In 2025, the company reported unaudited annual revenue of CAD $673,012 and net income of CAD $228,131.
Scope plans to rebrand Cloud Codes under its QSE Group ecosystem and integrate its middleware as the core of QSE’s decentralized cloud backbone. Future product releases will focus on quantum-secure SSO, bundled with storage services, targeting regulated industries such as banking, healthcare, and enterprises that require long-term data integrity. Planned enhancements include identity federation, multi-factor authentication, and cryptographic key rotation designed for post-quantum security.
The acquisition aligns with the accelerating market readiness for quantum-resistant encryption, following NIST’s ratification of standards such as CRYSTALS-Kyber, Dilithium, and SPHINCS+. By combining quantum-secure infrastructure with identity lifecycle management, Scope aims to position itself ahead of traditional SSO vendors, offering scalable, low-latency authentication for global enterprises.
