SecurityPlusCloud
Australian company developing solutions in the field of cybersecurity
Australian company developing solutions in the field of cybersecurity
Project details
Incorporation status
SecurityPlusCloud Pty Ltd., Marshall Islands
Stage
According to the company, they offer more than 100 products for cybersecurity
Token description
ICO date:
22.11.2017 - 06.12.2017
Platform:
Ethereum
Role of token:
SPC tokens will be used as a means of payment for cyber security services, providing by SecurityPlusCloud
Token price:
$0,5 - 1
  • Pre-ICO (50 million tokens) - $0,5
  • First 100 million tokens - $0,7
  • Next 75 million - $0,9
  • Last 25 - $1
Sum of tokens:
250 000 000 for the amount of 187 500 000$
Blockchain:
ERC20
Consensus
method:
N/A
Escrow agent:
N/A
Accepted currencies ICO:
ETH , BTC
Bounty camping:
N/A
Token distribution date
No data
Markets
Poloniex , Bitfinex , Bittrex
Token distribution:
Unfortunately, your browser does not support displaying a chart
Investment attractiveness
Market
Ericsson, in its study of the prospects for the development of IoT, follows such figures: the total number of connected devices by 2021 will reach 28 billion units, 15.7 billion of which – IoT-devices, CAGR 2015-2021 for IoT - 23%. According to forecasts, by the end of 2018 the number of IoT-devices will exceed the number of mobile phones. At the end of 2015, the number of IoT devices connected to various channels of cellular communication was 400 million; this segment will be the fastest growing on the whole IoT market - the number of devices will grow almost fourfold. According to MarketsandMarkets forecasts, volume of the global cyber security market will reach $232 billion by 2022, with an annual growth of 11% - the current size of the market is estimated at $138 billion.
Product
Remotely managed services from SecurityPlusCloud are affordable, real-time protection that can help organizations achieve security compliance, and increase resilience in the face of cyber threats that are constantly changing today. Currently, the list of ready-made solutions for business and organizations includes 100 items, for example: • audit and verification of security systems; • consulting and support; • protection from hackers and cracking; • cloud protection; • training and re-training of personnel; • mobile security centers.
Team
A quote from a press release published on VC.ru (now available in Google's cache) - "The founders of the company, Harry A. and Frank K., experts in the field of information security and the development of appropriate corporate solutions. The first once headed the information security department in the airline EMIRATES AIRLINES, and the second one helped INTEL: thanks to his leadership qualities, the best development teams have worked under his management”.
Model
Company's business model is built on providing cybersecurity services (according to the company, there are more than a hundred of it) to any interested firms and individuals. Strategy / roadmap of SpC: • create the largest regional security centers for any organization, government, commercial structures, as well as to protect children from current and potential threats; • enter in the top-10 service providers companies in the field of cybersecurity, by taking 1% of the market in 2021 and 8% - in 2027; • rapid expansion and opening of representative offices in 22 cities on 6 continents, with an emphasis on aggressive sales, aimed at rapid growth of the client base.
Finance
The total number of issued tokens is five hundred million SPC, fifty percent (two hundred and fifty) of which are allocated to attract investment. The company in its WP presents forecasts for revenue in future periods: • 2018 - $350M • 2021 - $1 billion • 2023 - $10 billion • 2025 - $35 billion • 2027 - $78 billion According to the Pitch Book, in 2017, 39 companies operating in the "cybersecurity" segment were acquired; the median value of the Valuation / Revenue multiplier was 2.21, therefore, according to SpC estimates, by the end of 2018 the company's valuation should exceed $770M. For comparison, Veracode, which offers solutions for application security, was absorbed for $614M in April 2017; Veracode has more than 1,400 customers around the world, and for four consecutive years (2014-2017) it was recognized as the leader in the "application security" segment according to Gartner.