September 25, 2017 4:54 PM ET

Software

Company Overview of OpenPeak Inc.

Company Overview

OpenPeak Inc. provides mobile cybersecurity solutions for government, education, and enterprise customers worldwide. The company offers a software platform that provides mobile cybersecurity on personal devices, contractor devices, company-liable devices, applications, and voice and data services. Its platform offers cybersecurity solutions to protect enterprise data on mobile devices from malicious developers, third-party libraries, and developer tools; and secure mobile workspace solutions. The company also provides mobile enterprise management platform that offers secure application and content distribution solutions; and mobile device management solutions, including device management, po...

1750 Clint Moore Road

Boca Raton, FL 33487

United States

Founded in 2002

Phone:

561-893-7800

Fax:

561-893-7801

Key Executives for OpenPeak Inc.

Founder, Chairman of the Board and Chief Executive Officer
Age: 49
Chief Operating Officer
Chief Technology Officer
Legal Counsel
Compensation as of Fiscal Year 2017.

OpenPeak Inc. Key Developments

Motion for Asset Sale Approved for OpenPeak Inc.

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of OpenPeak Inc. on April 19, 2017. The debtor has been authorized to sell substantially all its assets to Hao Ni and Plymouth Ventures LLC or an entity to be formed by them, the winning bidders at the auction conducted on April 13, 2017, for a purchase price of $1.03 million. The debtor’s assets include all of the Debtor’s intellectual property wherever located and all related assets. Kelakos Advisors, the broker shall be paid a fee of $0.05 million from the sale proceeds.

Bidding Procedure Approved for OpenPeak Inc.

The US Bankruptcy Court gave an order approving the sale substantially all the assets of OpenPeak Inc. on April 3, 2017. The debtor has been authorized to sell its assets by way of an auction procedure. The IP portfolio shall not be sold at a public auction unless the high bids for all or any of the IP exceed $0.85 million. The debtor’s assets include a portfolio of intellectual property. The trustee has been authorized to conduct the auction on April 13, 2017. The sale hearing has been schooled for April 18, 2017. The sale Advisors LLC acted as broker.

OpenPeak Advances Mobile Cybersecurity with SANCTION In-App Hypervisor

OpenPeak Inc. introduced the industry’s only in-app hypervisor. The new in-app hypervisor, named SANCTION®, delivers unsurpassed levels of enterprise data encapsulation and advanced app firewalling. SANCTION enables organizations to track, detect, manage and protect all instances of data movement initiated by mobile applications on smartphones and tablet devices without any reliance on gateways or proxies in the network. A number of recent events have illustrated the immediate need for a way to protect businesses and consumers from malicious developers, third-party libraries, and even developer tools used to create apps for mobile devices. Apple recently announced the removal of over 250 iOS apps with over a million estimated downloads from its App Store. The affected apps were siphoning personal information from users and sending it to remote servers without the knowledge of their legitimate developers, who had unknowingly used a malicious 3rd party SDK in their application. This news came only a few weeks after the discovery of the XcodeGhost malware, where a modified version of Apple’s app development tool added malicious code to apps without the developer’s knowledge. Over 500 million users were potentially affected by the XcodeGhost malware. Most commercially available solutions for mobile app protection require modification or recompilation of an app with an SDK. Unfortunately, none of these SDK approaches could have identified the malicious code highlighted in recent attacks. OpenPeak’s SANCTION in-app hypervisor takes a revolutionary approach. Leveraging OpenPeak’s patented ADAPT™ technology, which adds a full suite of isolation, authentication, authorization, encryption, auditing, and policy enforcement into each app, SANCTION adds an embedded hypervisor and advanced firewall into the wrap to intercept and inspect every interaction between the app and the underlying OS. Because ADAPT takes place after the app is compiled, there is no developer involvement needed and no way for any malicious software to bypass its security mechanisms. The embedded software provides protection from any actions by an app or from malicious code that may be embedded within third-party libraries or even development tools. This patented technology creates a distinct administration and protection domain for enterprise apps.

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