I Think Security wins UK pitch event Anthony Reinhart October 31, 2011 Communitech The good news continues to pile up for I Think Security, a startup based in Waterloo’s Accelerator Centre whose easy-to-use USB encryption device is gaining attention around the world. The device, called QI (pronounced: key), won the OmniCompete Cyber Security Challenge in London, UK, making I Think Security the first Canadian company to win the title. The QI plugs into any computer and enables users to secure their data under a bubble of encryption in three clicks. It is not a storage device, so no sensitive information remains on it, and it can be deployed easily over top of existing systems. The $10,000 award from OmniCompete is the latest win for company founder Cedric Jeannot, whom Communitech profiled in August. Jeannot made a successful appearance on the Business News Network’s show, The Pitch, and a second product, called Qloud, has yet to be penetrated by hackers whom Jeannot recently challenged at an event in New York City. For more on the company’s OmniCompete win, click here.