Mr. Ian Paterson reports
PLURILOCK SIGNS US$19.3 MILLION CONTRACT WITH S&P 500 SEMICONDUCTOR COMPANY
Plurilock Security Inc. has won a record $19.3-million (U.S.) cybersecurity contract with a semiconductor company listed in the S&P 500 index, and a key player in worldwide semiconductor supply chains. The contract represents the largest single sale in company history.
Under the terms of the contract, Plurilock will modernize and replatform the customer's security operations stack, leveraging the industry's leading artificial-intelligence-native cybersecurity platform to replace an aging array of partially integrated, high-overhead security solutions. The company will also provide two dedicated cybersecurity experts from the security operations (SecOps) practice of its critical-services business unit for a 12-month period, to support the integration and smooth implementation of the new platform.
The contract was secured through Plurilock's subsidiary, Aurora Systems Consulting, and was awarded based on the strength of earlier critical-services contracts, underscoring the synergies across Plurilock's businesses. The company received the purchase order from the client on Oct. 2, 2024.
"This record-breaking deal reflects Plurilock's strategy to expand revenue and margins from non-government clients and demonstrates that the integration of our previous acquisitions is delivering results," said Ian L. Paterson, chief executive officer of Plurilock. "Being chosen to transform the security operations of a leading S&P 500 enterprise underscores the trust that world-class organizations are placing in our capabilities."
About Plurilock Security Inc.
Plurilock sells cybersecurity solutions to the United States and Canadian federal governments, along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of critical services -- aiding clients with its expertise to defend against, detect and prevent costly data breaches and cyberattacks.
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