Plurilock Security Inc. (TSX-V:PLUR) said it has received a sales order for its flagship software platform from a professional services firm based in India.
The company said the customer will pay an annual subscription fee to utilize the cloud security functionality of the Plurilock platform to protect its users. This technology offering enables organizations to prevent unauthorized access to its cloud database, allowing them to secure their communication platforms.
Furthermore, the company also announced that it has signed contract renewals with 30 customers worldwide for its flagship cybersecurity platform in November 2022. These customers consist of organizations from different key industry verticals such as consultancy, finance, automobile and pharmaceutical, and are based in various countries including India, Taiwan, Italy, Australia, United States, France, and Brazil.
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According to the term of the contracts, each customer has renewed their subscription for the cloud-based cybersecurity solution of this platform, which was previously known as Plurilock CloudCodes before being consolidated with other software products, announced on November 9, 2022. In addition, these customers can upgrade their existing enterprise plans and license other proprietary software offerings within the Plurilock platform.
“We are pleased to see significant customer retention and growth for our flagship cybersecurity platform,” said Ian L. Paterson, CEO of Plurilock in a statement.
“The recent sale order and customer renewals highlight the robustness and comprehensiveness of our platform which is suited for organizations that are looking to strengthen different areas in their cyber defenses. We will continue to maintain a strong relationship with existing customers to explore cross-selling opportunities while growing our sales pipeline globally," he added.
Plurilock provides identity-centric cybersecurity for today's workforces. 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.
Contact the author at jon.hopkins@proactiveinvestors.com