Secure64 Receives Paycheck Protection Program (PPP) Funds For 2021
Fort Collins, CO –March 3, 2021 – On February 18 2021, the Small Business Administration granted Secure64 a new $642,000 PPP loan designed to help keep our workforce employed during the Coronavirus (COVID-19) crisis.
This loan provides a foundation to support ongoing business operations and future growth opportunities. And it comes on top of a record finish to FY2020 during which Secure64 closed over $54 million in new multi-year orders, despite the global economic slowdown and client delays associated with COVID-19. In FY2020, the company also entered a strategic business arrangement with cyan AG to expand our solution capabilities and provide integrated cybersecurity services to telecommunications carriers and enterprise clients.
The $545,900 PPP loan received in Q2 2020 was central to retaining our talented team of resources during the initial stages of the COVID-19 pandemic. Secure64 received a notice of forgiveness for this loan in January 2021. Both PPP loans were administered and funded by Lendio and Ready Capital.
“This funding, along with strong revenue growth, enables the company to expand our employee base here in Colorado and continue to refine and develop our highly secure DNS software and cybersecurity services for our American and global customers,” says Secure64 CEO Steve Goodbarn.
Secure64 brings trust to the internet through its suite of purpose-built, secure, DNS-based network security products. The company was built on a foundation of security and has forged solutions that are self-protecting and immune to malware. Secure64 secures the DNS infrastructures of leading service providers, government agencies and enterprises globally.
Our DNS supports a worldwide subscriber base of over 1 billion, representing over of 20% of global mobile subscribers. Performing billions of DNS lookups every day across six continents, Secure64 lives up to its reputation for providing highly secure, reliable, and performant DNS solutions.
Secure64 is a privately held company which boasts deep technical and global experience in its leadership and technical staff. It is the only DNS solution provider that has authored a secure micro OS, automated the deployment of DNSSEC and built self-protecting DNS servers. For more information, visit www.secure64.com
Secure64 Software Corporation