09:22 AM EDT, 09/10/2025 (MT Newswires) -- Scope Technologies ( SCPCF ) Wednesday said it acquired Plurilock Security Private Limited, an Indian company that operates Cloud Codes, for $1.78 million under an asset purchase agreement with Plurilock Security ( PLCKF ) .

Scope said it paid $100,000 in cash and issued 4.2 million common shares at $0.40 each to Plurilock to complete the deal. The Cloud Codes business will be rebranded under the QSE Group ecosystem.

"The Cloud Codes acquisition is immediately accretive to Scope Technologies ( SCPCF ) as it adds revenue to the operations of Scope Technologies ( SCPCF ) and the Cloud Codes' middleware will become the centerpiece of QSE's decentralized cloud backbone," the company said in a statement.

Shares of Scope closed up 1.5% at $0.34 Tuesday on the Canadian Securities Exchange Tuesday.