SideChannel Inc (SDCH)

[BrianHaugli]

We thought at the time that we could present it to investors and by separating RealCISO into a different company with it's own cap table, it'd be easier to run as a pure product company should we seek investment. To date it hasn't needed any as it's revenue generating and profitable, but remains it's own legal entity. This wouldn't change until it's sold to another firm or attracts investment to grow.

SideChannel and CipherLoc merged in July 2022. We weren't even aware of CLOK back in 2019.

I can say that everyone in both companies supports what SideChannel is doing. There is a compliment between the two, but RealCISO is a pure product company with one product, RealCISO. SideChannel is a product and services company with Enclave as its first product.