Secure Blockchain sells email platform for $441K to pivot to enterprise AI
What's the deal? Secure Blockchain Development Corp.Dealroom has a profile for this one. Try Dealroom → (TSXV:ID) has closed the sale of Delivery TrustDealroom has a profile for this one. Try Dealroom →, its secure email platform, to Caryco Tech, Inc.Dealroom has a profile for this one. Try Dealroom → for US$441,507. The Vancouver-based company ran the platform through its wholly owned subsidiary, Identillect TechnologiesDealroom has a profile for this one. Try Dealroom →.
The terms: Caryco could pay up to an additional US$87,913 over the nine months after closing, tied to ongoing customer revenue metrics. Secure Blockchain paid a CDN$63,089 commission to Transworld Business AdvisorsDealroom has a profile for this one. Try Dealroom →, which acted as selling agent.
Why now? The sale completes the company's exit from its legacy cybersecurity business. It comes weeks after an August 4, 2026 announcement that its enterprise AI unit, AgenticDealroom has a profile for this one. Try Dealroom →, signed its first commercial customer.
What's the endgame? Secure Blockchain now focuses entirely on enterprise agentic AI through its subsidiary, Agentic Solutions LimitedDealroom has a profile for this one. Try Dealroom →. That unit builds and operates secure, customer-controlled AI agents for organisations.
"Closing this sale completes our exit from the legacy Delivery Trust business and focuses the Company on enterprise AI," said chief executive officer Steven Bryson-Haynes. He added that the priority is "building a repeatable enterprise AI business."
The signal: A small-cap tech issuer is shedding an established product to chase the enterprise AI wave. With one customer signed and payments still contingent on future revenue, the pivot's success hinges on turning early interest into a repeatable business.
Image credit: ChrisDag