SecureTrust, Inc.

SecureTrust, Inc. offers specialized security and compliance solutions focused on Payment Card Industry Data Security Standard (PCI DSS) compliance, helping businesses manage payment card data securely. SecureTrust, Inc. provides security and compliance solutions primarily targeted at the Payment Card Industry.

The company was acquired in October 2021 by Sysxnet Limited from Trustwave Holdings, Inc. for USD 80 mn, which marked a pivotal shift in their operational strategy. The company is headquartered in Chicago, US. The founder's history is not disclosed in available information.

SecureTrust specializes in security and compliance solutions, focusing on the Payment Card Industry Data Security Standard (PCI DSS) compliance and risk management services. Their core offering, the SecureTrust PCI Manager, is designed to help small and medium-sized businesses navigate the complexities of managing payment card data, ensuring compliance with industry standards. This user-friendly platform leverages years of expertise to streamline the compliance process, making it accessible and affordable for businesses of various sizes. SecureTrust’s services extend to a diverse clientele, including large enterprises, payment processors, acquirers, and independent sales organizations (ISOs), primarily targeting markets in North America, Europe, and parts of Asia.

The company addresses critical security challenges by providing comprehensive risk assessment, data privacy programs, and web risk monitoring, fundamentally aiding organizations in protecting against cyber threats and maintaining their reputation. SecureTrust generates revenue through a structured model that includes subscription-based pricing for its compliance and risk management services. Clients typically engage in partnerships or contractual agreements where they subscribe to the SecureTrust PCI Manager and other associated services, which may include vulnerability scanning and penetration testing. Pricing plans are tiered based on the specific needs and scale of the client's operations, catering to both small businesses and large enterprises.

The company’s revenue structure is designed to support ongoing compliance and security needs, allowing organizations to maintain effective defenses against evolving cyber threats. By providing continuous support and updates, SecureTrust ensures that clients receive lasting value from their subscription, fostering long-term relationships that contribute to the company’s financial stability. SecureTrust plans to leverage its recent acquisition by Sysxnet Limited to expand its cybersecurity product offerings and accelerate entry into new markets. The funding from the acquisition will support these initiatives by enhancing product development and market reach.

Specific geographical targets include expansion in Europe and Asia to broaden the customer base by the end of 2023. The company is also working on upcoming enhancements to the SecureTrust PCI Manager to further streamline compliance processes, which are expected to be released in the latter half of 2023.