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Scope AI Corp. has successfully completed the acquisition of QSE Technology from Ovryde Ltd. This acquisition positions Scope to offer advanced security solutions that are crucial as quantum computing evolves and poses new threats to data security. The QSE Technology will enhance Scope's capabilities in providing robust security for both retail and institutional clients.
The CEO of Scope AI highlighted the significant growth potential in the quantum cryptography market, projected to reach $126 billion by 2033. This acquisition not only strengthens Scope's market position but also addresses the urgent need for quantum-resilient security solutions. The innovative QSE Technology product suite is designed to protect sensitive data against current and future cyber threats.
• Scope AI acquires QSE Technology to enhance quantum security solutions.
• Quantum cryptography market projected to grow from $11 billion to $126 billion.
The article discusses the risks quantum computing poses to traditional encryption methods.
The QSE Technology provides this as a service to protect sensitive data.
The QSE Technology product suite offers API-based solutions for enhanced security.
The acquisition of QSE Technology positions Scope at the forefront of quantum security.
Ovryde transferred its QSE Technology to Scope AI, enhancing Scope's security offerings.
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