Plurilock Security Inc. (TSX-V:PLUR) said it has signed contract renewals for its recently acquired CloudCodes product with over 50 customers worldwide in September and October of 2022.
According to the contract terms, each customer is offered the opportunity to upgrade their existing subscriptions to the enterprise plans for Plurilock’s CloudCodes product and license other Plurilock proprietary software solutions, namely DEFEND, the company said.
“We are pleased to see multiple existing customers renewing their contracts for Plurilock’s CloudCodes solution, which highlights the robustness of this cloud security product,” said Ian L. Paterson, CEO of Plurilock.
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“These contract renewals represent a milestone for us following the acquisition of certain assets from CloudCodes that has enabled us to expand our distribution channels and develop new business relationships with customers worldwide. As we continue to build more customer traction for the CloudCodes offering, we intend to unlock new synergies and cross-sell other high-margin proprietary products such as DEFEND to existing customers.”
The customers are diverse. Some are based in South Asia, Asia Pacific, Latin America and North America. They consist of organizations from different industry segments such as airlines, e-Commerce logistics, online ticketing platforms, manufacturing, pharmaceutical and defence, the company said.
Plurilock’s CloudCodes offering provides one of the most comprehensive cloud security solutions that includes Single Sign On, Identity Access Management, Access Control and Cloud DLP, enabling customers to add a layer of important security controls on top of their enterprise SaaS applications such as Google Workspace, Office 365, Salesforce, Servicenow and more.
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.
Contact the author at jon.hopkins@proactiveinvestors.com