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Tech

Plurilock receives US$418,000 order from US defense contractor

Plurilock and the defense contractor have a longstanding business relationship, with the company acting as a cybersecurity advisor for the organization

Plurilock Security Inc., an identity-centric cybersecurity solution provider, revealed that it has received a multi-year US$418,000 order with a California-based defense contractor.

The order is part of a larger three-year agreement for a data governance software suite that includes maintenance support.

All contracts and orders announced by Plurilock since April 2021, including the latest order, represent a combined sales total of roughly US$11.51 million. Plurilock and the defense contractor have a longstanding business relationship, with the company acting as a cybersecurity advisor for the organization.

READ: Plurilock receives US$219,000 US Missile Defense Agency purchase order

Plurilock noted that in the defense space, organizations are particularly selective about the vendors they entrust to provide them with services, especially with the rise in supply chain attacks engineered by "threat actors working with nation-states, such as NotPetya, which caused $10 billion worth of damage and SolarWinds, which had damages worth at least $18 million."

"We are pleased to support the defense contractor's mission-critical services for several US government and defense agencies," CEO Ian Paterson said in a statement.

"Given the sensitive nature of their work, it is imperative for them to select trusted, experienced vendors, and we are proud to have met their stringent requirements,” he added.

In a separate announcement, the company advised investors that it changed its auditor from Deloitte LLP to Mazars LLP. At its request, Deloitte resigned as its auditor, effective September 17, 2021, and the Plurilock board of directors appointed Mazars until its next annual general meeting. Plurilock said there were no reservations in Deloitte’s audit reports since it was appointed a year earlier.

Contact the author at stephen.gunnion@proactiveinvestors.com

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