VersaBank – January 2021

High profile network breaches such as the recent SolarWinds hack have put a renewed focus on cybersecurity stocks with a broad-based rally of 10-40% in the past month. We recently met with DRT Cyber’s COO Gurpreet Sahota to get a better idea of the company’s growth plans and how it is positioned relative to the larger publicly traded cybersecurity pure plays. Our conclusions are that DRTC is in a very attractive segment of the cybersecurity industry, that it is positioned for much higher long term growth than the bank, and that if it achieves its growth plans it would make strategic sense at some point to carve out this business.

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