Vancouver, British Columbia–(Newsfile Corp. – November 2, 2022) – Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries (“Plurilock” or the “Company”), a cybersecurity-centric identity solutions provider for workers, is pleased to announce that the Company has signed contract renewals with more than 50 customers worldwide for Plurilock’s recently acquired CloudCodes product in September and October 2022.
These customers are based in various regions around the world including South Asia, Asia Pacific, Latin America and North America. In addition, these customers consist of organizations from various key industry segments such as airlines, eCommerce logistics, online ticketing platforms, manufacturing, pharmaceuticals and defense. According to the terms of the contracts, each customer is offered the opportunity to upgrade their existing subscriptions to enterprise plans for Plurilock’s CloudCodes product and license other software solutions owned by Plurilock, same as DEFEND.
Plurilock’s CloudCodes offering provides one of the most comprehensive cloud security solutions that include Single Sign On, Identity Access Management, Access Control and Cloud DLP. It allows customers to add a layer of essential security controls on top of their enterprise SaaS applications such as Google Workspace, Office 365, Salesforce, Servicenow and more. As a result, this solution enables organizations to protect against unauthorized access to their enterprise data in the cloud and prevent data leakage from their messaging and collaboration platform.
“We are pleased to see many existing customers renewing their contracts for Plurilock’s CloudCodes solution, highlighting the stability of this cloud security product,” said Ian L. Paterson, CEO of Plurilock. “These contract renewals represent a milestone for us following the acquisition of certain assets from CloudCodes that have allowed us to expand our distribution channels and build new relationships with business to customers worldwide. As we continue to build more customer traction for the CloudCodes offering, we aim to unlock new synergies and cross-sell other proprietary products with high margins like DEFEND to existing customers.”
Plurilock provides identity-centric cybersecurity for today’s workforce. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers consistent identity assurance with unmatched ease of use.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
Chief Financial Officer
This press release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) relating to future events or the future business, operations, and performance and conditions of Financial plurilock. Forward-looking statements typically contain words such as “will”, “intend”, “expect”, “may”, “should”, “could”, “might”, “expect”, “estimate”, “forecast “, “plan “, “potential”, “project”, “assume”, “anticipate”, “believe”, “should”, “scheduled”, and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and applicable to those incident Although management believes the forward-looking statements herein are reasonable, actual results could differ materially due to risks and uncertainties related to and inherent in Plurilock’s business. Additional material risks and uncertainties applicable to forward-looking statements include, without limitation, the effect of general economic conditions, the Company’s success in obtaining new or extended contracts or orders; the Company’s ability to retain existing customers or develop new customers; the Company’s ability to successfully integrate acquisitions of other businesses and/or companies or to realize its anticipated benefits; and unforeseen events, developments, or factors that cause any of the foregoing expectations, assumptions, and other factors to ultimately be inaccurate or irrelevant. This list is not exhaustive of factors that could affect the Company’s forward-looking statements. Many of these factors are beyond Plurilock’s control. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as of the date hereof, and Plurilock undertakes no obligation to publicly update or revise any of the forward-looking statements included, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. The risks and uncertainties regarding the Company’s business are more fully discussed under the heading “Risk Factors” in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR at www.sedar.com.
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