Plurilock Security Inc. (TSX-V:PLUR) announced it has signed a five-year contract with the United States Department of the Treasury valued at US$6.16 million. The contract, awarded through its Aurora Systems Consulting subsidiary, is for the provision of Microsoft Unified services and support to the department, including AI Azure services and support.
Plurilock Security Inc. (TSX-V:PLUR) has highlighted its growth in key business areas, as it released a positive set of quarterly financial results. The identity-centric cybersecurity specialist, reported a significant increase in gross margin, which reached $2.5 million, or 21.9% of sales, compared to $2.1 million, or 13.6%, in the first quarter of 2023.
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Software - Infrastructure Industry | Technology Sector | Mr. Ian L. Paterson CEO | OTC PINK Exchange | CA72942L1031 ISIN |
CA Country | 58 Employees | - Last Dividend | 19 Apr 2024 Last Split | - IPO Date |
Plurilock Security Inc. is a pioneering identity-centric cybersecurity firm with operations spanning across the United States and Canada. The company distinguishes itself through its focus on advanced identity verification and security solutions, operating under two main divisions: Technology and Solutions. Plurilock is dedicated to addressing the intricate cybersecurity challenges faced by industries such as financial services, healthcare, critical infrastructure, as well as government and military sectors. Headquartered in Vancouver, Canada, the company prides itself on delivering cutting-edge, real-time intrusion detection and robust multi-factor authentication platforms, alongside a suite of services and products aimed at enhancing IT security and resilience against a plethora of environmental and geopolitical threats.
An advanced enterprise continuous authentication platform, Plurilock DEFEND stands at the forefront of Plurilock’s offerings. This solution actively verifies the identity of users within an organizational network, ensuring continuous security monitoring. DEFEND operates by analyzing user behavior and contexts to detect anomalies. Upon identifying potential intrusions or suspicious activities, it promptly alerts security teams, enabling immediate action to thwart security breaches. This platform embodies the essence of Plurilock’s innovative approach to cybersecurity, providing an unintrusive yet highly effective layer of protection against unauthorized access.
Plurilock ADAPT is a standards-based login multi-factor authentication (MFA) solution that enriches the security of login processes without necessitating traditional, often intrusive MFA methods like fingerprint scans, SMS codes, authenticator apps, or hardware tokens. By leveraging contextual and behavioral data, ADAPT offers a frictionless and more user-friendly approach to authentication, significantly reducing the risk of unauthorized access while maintaining a seamless user experience. This solution is particularly suited for organizations seeking to bolster their login security measures without imposing additional burdens on the end-users.
In addition to its proprietary solutions, Plurilock engages in the service of reselling IT and cybersecurity industry products and technologies. This aspect of the business allows it to offer a broader range of security solutions, ensuring that clients have access to a comprehensive suite of tools necessary for defending against sophisticated cyber threats. Plurilock carefully selects and integrates these third-party offerings, providing added value through expert consultation and support services to optimize their implementation and effectiveness in various operational environments.
Understanding the multifaceted challenges that companies face in today’s dynamic threat landscape, Plurilock offers specialized services focused on security and resilience, particularly for organizations grappling with geopolitical, supply chain, and other environmental risks. These services are designed to prepare and fortify businesses against a range of disruptions, ensuring continuity and protection against both digital and physical threats. Through tailored consultancy, implementation of robust security practices, and ongoing support, Plurilock aids companies in navigating through uncertain territories with confidence and preparedness.