Plurilock Security Inc. (TSX-V:PLUR), the identity-centric cybersecurity solutions provider for workforces, announced that it has consolidated its existing technology offerings to launch its new flagship product platform, ‘Plurilock’.
The new platform is designed for remote work sessions and consists of features from Plurilock’s unique cloud security, identity access control and assurance solutions, namely Plurilock CloudCodes and DEFEND.
This new offering is sold as a subscription package, in which customers can subscribe to more than one feature within this platform, the company said.
“We are delighted to launch this new consolidated technology offering. The integration of various cybersecurity capabilities enables us to develop a comprehensive and robust platform that enables our customers to further strengthen their cyber defense through various verticals,” Ian L Paterson, CEO of Plurilock said in a statement.
READ: Plurilock Security completes sale of recently acquired cloud-based access control solution
“With this new offering, we intend to fulfill the growing need for converged identity solutions in businesses that allow its employees to work remotely.”
DEFEND is licensed to leading institutions across defense, technology and financial services around the world, most recently with the Canadian Department of National Defence, while Plurilock currently serves 300 customers and 200,000 users worldwide with its CloudCodes solution.
With its growing sales pipeline, the company decided to launch this new offering as it provides its customers with easier access to license other Plurilock product features.
The company also announced that it has retained the services of Paradigm Capital Inc. as a non-exclusive financial advisor to assist Plurilock in advancing its capital markets strategy and M&A program.
In consideration of the services, the company will pay Paradigm a work fee equal to $10,000 per month payable in cash or Plurilock common shares.
Paradigm is also entitled to certain cash fees upon completion of certain transactions or financings.
Contact the author at jon.hopkins@proactiveinvestors.com