Since 2004, October has been designated as Cybersecurity Awareness Month by the President and Congress, uniting public, private, and tribal sectors to emphasize cybersecurity's significance. Investors recognize the increasing demand for cybersecurity and internet privacy solutions, propelling these companies into the spotlight as they safeguard the digital realm. As the digital landscape transforms, these firms continue to play a vital role in safeguarding individuals and businesses. As October approaches swiftly, it's time to examine five stocks we believe hold growth potential in this expanding sector.
Global Developments, Inc. (OTC Pink: GDVM) - Global Developments, Inc. is actively pursuing a merger with a rising multi-brand cybersecurity and networking solutions provider. As a holding company, our focus is on becoming a top contender for acquiring emerging IT firms. Our aim is to acquire these companies as wholly-owned subsidiaries, fostering their growth and eventually either taking them public or selling them directly. Our primary investment focus lies within the technology sector. Earlier this year, VeeMost proudly announced its achievement of the Cisco Customer Experience Specialization (CX). This recognition signifies our expertise in developing and integrating solutions for various stages of the customer lifecycle, from insertion to renewal. Cisco's rigorous examination and third-party verification validate our ability to support our customers in reaching their business goals and ensuring smooth subscription renewals. VeeMost's CEO, Melvin Ejiogu, emphasized the importance of customer success and expressed confidence in our organization's capability to deliver unparalleled services, enabling clients to effectively adopt advanced products and services. In addition to their Cisco premier partner status, VeeMost is actively working towards achieving gold integrator status. Keep an eye out for updates from VeeMost - they are certainly a company worth monitoring.
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Visium Technologies, Inc. (OTC Pink: VISM) - Visium Technologies, Inc. specializes in cybersecurity visualization, data analytics, and automation. They focus on digital risk management and provide cybersecurity solutions for network security, cloud, mobility, and IoT. Their TruContext technology, developed with MITRE Corporation and powered by CyGraph, offers advanced cyber monitoring, visualization, analytics, and automation to enhance security. Their solutions are utilized across sectors like finance and healthcare. In July, the company announced a Memorandum of Understanding (MoU) to establish a collaborative framework. The aim is to integrate their technology capabilities and create innovative solutions to enhance critical infrastructure system security. Under this MoU, Visium Technologies, Applied Integrated Technologies (AIT), and Forbes Consulting & Associates will jointly research, develop, and demonstrate the feasibility and effectiveness of integrating their respective technology capabilities in the realm of critical infrastructure and cybersecurity. We'll keep an eye on this stock as Mark Lucky, Visium Technologies' CEO, is enthusiastic about their collaboration and the advancement of cutting-edge solutions for critical infrastructure security.
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Sekur Private Data Ltd. (OTCQB: SWISF) - Sekur Private Data Ltd. offers Swiss-hosted cybersecurity and internet privacy solutions for secure communication and data management. Their services include encrypted emails, secure messaging, cloud-based storage, disaster recovery, and document management tools. These solutions are available through their websites, sekur.com and sekursuite.com, as well as approved distributors and telecom companies globally. Sekur Private Data Ltd. caters to consumers, businesses, and governments worldwide. In recent company news, after starting optimization and SEO efforts in January 2023, the Customer Acquisition Cost (CAC) dropped to $26 per customer in August, surpassing the 2023 target by 65%. The company has also achieved a 3.4% increase in Average Revenue Per User (ARPU) compared to July 2023, reaching $8.75. This rise in spending per user is attributed to bundling solutions on the updated Sekur website. Moreover, the average spend per customer has increased by 24% to $14.97 month-over-month from July 2023. Alain Ghiai, CEO of Sekur Private Data, expressed satisfaction with their CAC reduction progress, and the company also recently signed a distribution agreement for the Kingdom of Morocco to offer Sekur privacy communication solutions, including Sekur Enterprise solutions. With a promising future ahead, we'll continue to watch this company closely. Alain Ghiai, CEO of Sekur Private Data, expressed excitement about their expansion into Morocco. He highlighted the opportunity, as many international companies have their African headquarters there.
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High Wire Networks Inc. (OTCQB: HWNI) - High Wire Networks, Inc. is a rapidly expanding global provider of managed cybersecurity and IT services, partnering with over 625 channel partners. They serve nearly 1,000 managed security customers and tens of thousands of technology customers, including Fortune 500 companies and major government agencies. With 125 employees globally, they have four U.S. offices, including a 24/7 Network Operations Center and Security Operations Center in Chicago, along with regional offices in Puerto Rico and the United Kingdom. In recent news, High Wire reported a robust first half, with revenue surging by 32% to $16.1 million, according to CEO Mark Porter. Although the second quarter exhibited typical seasonal fluctuations and faced supply chain challenges compared to the previous year, it also marked a shift towards higher-margin and recurring revenue. In fact, the company achieved a record monthly rate of over $1 million in recurring revenue during the second quarter, with this trend expected to persist. Anticipating more IT deployments and cybersecurity successes in the latter half of the year, High Wire aims for revenue growth of 59% to 74%, projecting $43 million to $47 million for the full year of 2023. Moreover, they anticipate achieving positive operating income, cash flow, and adjusted EBITDA by year-end. Given recent company highlights, we consider it worth watching and will keep an eye on this stock for further developments.
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Tego Cyber Inc. (OTCQB: TGCB) - Tego Cyber Inc. was established to seize opportunities in the growing cyber threat hunting and intelligence market. The company has designed a threat correlation engine that integrates seamlessly with leading security platforms to swiftly detect network threats. With curated data feeds, fast searches across extensive data sets, and user-friendly visuals, Tego's engine accelerates threat identification and mitigation. This month, the company revealed that a leading global Managed Security Service Provider (MSSP) has added Tego's cyber threat correlation and hunting platform to its offerings. They have already secured their first license agreement. This MSSP serves over 7,000 commercial customers worldwide and is among the top 15 significant managed security services providers according to The Forrester WaveTM report. Initially, they will offer Tego's platform to their commercial customers using Splunk SIEM or AWS Security Lake. We'll closely monitor this company for future growth and developments. Shannon Wilkinson, President & CEO of Tego Cyber Inc., mentioned, "Having a top-notch MSSP achieve success with the Tego platform not only validates our technology but also enhances Tego's credibility in the cybersecurity industry."
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CONTACT: Since 2004, October has been designated as Cybersecurity Awareness Month by the President and Congress, uniting public, private, and tribal sectors to emphasize cybersecurity's significance. Investors recognize the increasing demand for cybersecurity and
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VEEMOST TECHNOLOGIES HOLDINGS, INC. 
