10-D Security

10-D Security, based in the US, specializes in IT security solutions for financial institutions, focusing on compliance and risk management to meet regulatory standards efficiently. Founded in 2004 and headquartered in Overland Park, US, 10-D Security is dedicated to providing security and compliance solutions tailored for financial entities. The company has experienced a significant shift with its acquisition by Neovera, Inc. on September 19, 2023, aimed at enhancing cybersecurity capabilities and market presence.

10-D Security & Compliance specializes in providing a comprehensive suite of security and compliance solutions tailored specifically for financial institutions. Their core product offerings encompass advanced security systems, risk management tools, and compliance monitoring services designed to meet the stringent regulatory requirements that financial organizations face. These solutions function by integrating technology with robust compliance frameworks to ensure that clients can effectively manage their security protocols while adhering to legal standards. The company's services are primarily aimed at banks, credit unions, and other financial entities, helping them mitigate risks associated with data breaches and regulatory penalties.

10-D Security & Compliance has established a presence in key geographical markets, including North America and Europe, enabling them to serve a diverse client base with varying compliance needs. 10-D Security & Compliance generates its revenue through a structured transaction model that includes subscription-based services and partnerships with financial institutions. Clients typically engage with the company on a contractual basis, opting for various service packages that align with their security and compliance requirements. The pricing plans for these offerings accommodate a range of budgets, tailored for both small-scale financial entities and larger institutions.

Flagship services include ongoing compliance monitoring and risk assessment tools, critical for helping clients navigate complex regulatory landscapes. Through these structured transactions, 10-D Security & Compliance maintains a steady revenue stream, ensuring ongoing support and updates for their security systems and compliance frameworks. In September 2023, Neovera, Inc. acquired 10-D Security, aiming to expand its cybersecurity and compliance capabilities.

As part of this strategy, 10-D Security plans to enhance its product offerings and strengthen its market presence. The acquisition will facilitate entry into new geographic markets, particularly targeting expansion in North America and Europe by the end of 2024.