What changed in this filing

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Item 1. Business

2021-10-13 compared with 2020-10-09 · 110 added, 88 removed, 13 unchanged (94% of the section changed)

Technologies, Inc.

initially was incorporated in the State of

Nevada as Jaguar Investments, Inc.

was incorporated in Nevada as Jaguar

Investments, Inc.

during October 1987.

March 2003, a wholly owned subsidiary of the Company merged with

Freight Rate, Inc., a development stage company in the logistics

software business.

During May 2003, the Company changed its name to

Power2Ship, Inc.

During October 2006, the Company merged with a

newly formed, wholly owned subsidiary, Fittipaldi Logistics, Inc.,

a Nevada corporation, with the Company surviving but its name

changed to Fittipaldi Logistics, Inc.

During March 2003, a wholly

owned subsidiary of the Company merged with Freight Rate, Inc., a

development stage company in the logistics software business.

During May 2003, the Company changed its name to Power2Ship, Inc.

During October 2006, the Company merged with a newly formed, wholly

owned subsidiary, Fittipaldi Logistics, Inc., a Nevada corporation,

with the Company surviving but its name changed to Fittipaldi

Logistics, Inc.

effective November 2006.

During December 2007, the Company merged with a newly formed,

wholly owned subsidiary, NuState Energy Holdings, Inc., a Nevada

corporation, with the Company surviving but renamed NuState Energy

Holdings, Inc.

During December 2007, the

Company merged with a newly formed, wholly owned subsidiary,

NuState Energy Holdings, Inc., a Nevada corporation, with the

Company surviving but renamed NuState Energy Holdings, Inc.

effective December 2007.

In March 2018, the Company

changed its name to Visium Technologies, Inc.

is a provider of cyber security visualization, analytics, and

Visium operates in the traditional cyber security

In March 2018, the Company brought in a

new management team and changed its name to Visium Technologies,

is a provider of cyber security visualization, big data analytics,

and automation that operates in the traditional cyber security

space, as well as in the cloud-based technology and Internet of

7 unchanged sentences

to help reduce risk, simplify cyber security, and deliver better

security outcomes. 

March 2019, Visium entered into a software license agreement with

MITRE Corporation to license a patented technology, known as CyGraph,

a tool for cyber warfare analytics, visualization, and knowledge

CyGraph provides advanced analytics for cybersecurity

situational awareness that is scalable, flexible, and

comprehensive.

fiscal 2020 we have engaged in significant research and development

efforts aimed at commercializing our licensed technology, and

actively pursuing business development

opportunites.

novel strain of coronavirus, the COVID-19 virus, may adversely

affect our business operations and financial

In December 2019, an outbreak of the COVID-19 virus was reported in

Wuhan, China.

On March 11, 2020, the World Health Organization

declared the COVID-19 virus a global pandemic and on March 13,

2020, President Donald J.

Trump declared the virus a national

emergency in the United States.

This highly contagious disease has

spread to most of the countries in the world and throughout the

United States, creating a serious impact on customers, workforces

and suppliers, disrupting economies and financial markets, and

potentially leading to a world-wide economic downturn.

caused a disruption of the normal operations of many businesses,

including the temporary closure or scale-back of business

operations and/or the imposition of either quarantine or remote

work or meeting requirements for employees, either by government

order or on a voluntary basis.

The pandemic may adversely affect

our potential customers’

operations, our employees and our

employee productivity.

It may also impact the ability of our

subcontractors, partners, and suppliers to operate and fulfill

their contractual obligations, and result in an increase in costs,

delays or disruptions in performance.

These supply chain effects,

and the direct effect of the virus and the disruption on our

employees and operations, may negatively impact both our ability to

meet customer demand and our revenue and profit margins.

employees are working remotely and using various technologies to

perform their functions.

We might experience delays or changes in

customer demand, particularly if customer funding priorities

Further, in reaction to the spread of COVID-19 in the

United States, many businesses have instituted social distancing

policies, including the closure of offices and worksites and

deferring planned business activity.

The disruption and volatility

in the global and domestic capital markets may increase the cost of

capital and limit our ability to access capital.

Both the health

and economic aspects of the COVID-19 virus are highly fluid and the

future course of each is uncertain.

For these reasons and other

reasons that may come to light if the coronavirus pandemic and

associated protective or preventative measures expand, we may

experience a material adverse effect on our business operations,

revenues and financial condition;

however, its ultimate impact is

highly uncertain and subject to change.

October 9, 2020, we had 3 full time employees.

principal offices are located at 4094 Majestic Lane, Suite 360,

Fairfax, Virginia 22033.

Our telephone number is (703)

common stock is quoted on the OTC Pink under the symbol

“VISM”.

security outcomes.

In March 2019, Visium entered into a software license agreement

with MITRE Corporation to license a patented technology,

known as CyGraph, a tool for cyber warfare analytics,

visualization, and knowledge management.

CyGraph is a military-grade highly scalable big

data analytics tool for Cybersecurity, based on graph database

The development of the technology was sponsored by, and

is currently in use by US Army Cyber Command.

CyGraph provides

advanced analytics for cybersecurity situational awareness that is

scalable, flexible, and comprehensive.

Visium has completed

significant proprietary product development efforts to

commercialize CyGraph whch the Company as rebranded as

Plan of Operation

operates in the traditional cyber security space, and provides

solutions, tools and services related to Security information and

event management (SIEM). 

Our TruContext technology provides

visualization, advanced cyber monitoring intelligence, data

modeling, analytics and automation to help reduce risk, simplify

cyber security and deliver better security outcomes.

currently plans to generate revenue in three primary ways

virtual appliance model , primarily targeted to the Federal

government, charging a seat license

SaaS model , charging a recurring monthly license fee for

professional services to support and deliver cybersecurity

solutions and services to its customers

The Company has developed integration partnerships with larger

established technology companies and is using these partnerships as

part of its go-to-market strategy. 

In addtion, the Company

has partnered with value-added ressellers that sell to the federal

government and commercial markets. 

The Company is focused on

digital risk management, cybersecurity solutions, and technology

services for network physical security, the Cloud, and mobility

We solve mission-critical problems.

September 30, 2021, we had eight (8) full time

Third-Party Service Providers

We are heavily reliant on our technology and infrastructure to

provide our products and services to our customers.

For example, we

host many of our products using third-party data center facilities,

and we do not control the operation of these facilities.

addition, we rely on certain technology that we license from third

parties, including third-party commercial software and open source

software, which is used with certain of our solutions.

Governmental Regulation

We collect, use, store or disclose an increasingly high volume,

variety, and velocity of personal information, including from

employees and customers, in connection with the operation of our

The personal information we process is subject to an

increasing number of federal, state, local, and foreign laws

regarding privacy and data security.

The markets for our solutions are highly competitive, and we expect

both the requirements and pricing competition to increase,

particularly given the increasingly sophisticated attacks, changing

customer preferences and requirements, current economic pressures,

and market consolidation.

Competitive pressures in these markets

may result in price reductions, reduced margins, loss of market

share and inability to gain market share, and a decline in sales,

any one of which could seriously impact our business, financial

condition, results of operations, and cash flows.

competition due to changes in the manner that organizations utilize

IT assets and the security solutions applied to them, such as the

provision of privileged account security functionalities as part of

public cloud providers’

infrastructure offerings, or

cloud-based identity management solutions.

Limited IT budgets may

also result in competition with providers of other advanced threat

protection solutions such as McAfee, LLC, Palo Alto Networks,

Splunk Inc., and NortonLifeLock, Inc.

(formerly known as Symantec

Corporation acquired by Broadcom Inc.).

We also may compete, to a

certain extent, with vendors that offer products or services in

adjacent or complementary markets to privileged access management,

including identity management vendors and cloud platform providers

such as Amazon Web Services, Google Cloud Platform, and Microsoft

Available Information

All reports of the Company filed with the SEC are available free of

charge through the SEC’s website at www.sec.gov.

the public may read and copy materials filed by the Company at the

SEC’s Public Reference Room located at 100 F Street, N.E.,

Washington, D.C.

The public may also obtain additional

information on the operation of the Public Reference Room by

calling the Commission at 1-800-SEC-0330.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business