Plurilock - CEO, Ian Paterson.
CEO, Ian Paterson.
Source: Plurilock.
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  • Plurilock (PLUR) has secured a three-year C$672,000 DEFEND order with a leading overseas financial institution
  • The financial institution sought to reduce risk from extensive remote work
  • The DEFEND product delivers cybersecurity solutions via continuous authentication using a person’s unique behaviour
  • The order will bring in $213,978 in revenue per year plus a one-time deployment and setup charge of $30,072
  • This is the Plurilock Technology Division’s first order in the overseas cybersecurity market
  • Plurilock provides identity-centric cybersecurity for today’s workforces
  • Plurilock (PLUR) is up by 3.77 per cent and is currently trading at $0.55 per share

Plurilock (PLUR) has secured a three-year C$672,000 DEFEND order with a leading overseas financial institution.

The financial institution sought to reduce risk from extensive remote work and to secure remote employee devices with access to sensitive data.

Plurilock’s DEFEND product delivers cybersecurity solutions via continuous authentication using a person’s unique behaviour. During a product evaluation with the client, it averaged a detection time of under one minute.

Plurilock also provided a detection methodology for user impersonation on the client’s managed devices.

The client will receive a three-year subscription to DEFEND for a fixed number of end-users. Plurilock’s revenue will come to $213,978 per year plus a one-time deployment and setup charge of $30,072.

This is the Plurilock Technology Division’s first order in the overseas cybersecurity market.

Ian L. Paterson, CEO of Plurilock, commented,

“We are pleased to announce the latest purchase order for our continuous authentication DEFEND product after a stringent evaluation process. Plurilock is defining a new paradigm of authentication, providing persistent and continuous authentication for workforces to help realize zero trust architecture. We are continuing to accelerate the roll out of our high-margin products through our owned and partnered distribution channels, and this sale represents an important milestone in that effort.”

Plurilock provides identity-centric cybersecurity for today’s workforces.

Plurilock (PLUR) is up by 3.77 per cent and is currently trading at $0.55 per share as of 1:18 pm ET.

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