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Message: VIDEO – Plurilock 9 Month Revenues of $24,000,000 To Get Further Boost With First Cybersecurity Sale To California Pension Fund

VIDEO – Plurilock 9 Month Revenues of $24,000,000 To Get Further Boost With First Cybersecurity Sale To California Pension Fund

posted on Apr 27, 2022 05:29PM

The global cybersecurity market size is forecast to grow to $345.4 billion by 2026 for obvious reasons … we’re all online and so are the bad guys.

Until now most people think of firewalls, passwords, biometrics (fingerprints & facial scans) and two-factor authentication when it comes to cybersecurity.  And those are the dominant solutions today, the bad guys are winning the war right now when you consider the following:

Cybercrime is expected to cost the world $6 trillion in 2021. By 2025, this figure will climb to $10.5 trillion  Packet Labs

PLURILOCK CYBERSECURITY USES YOUR BEHAVIOR TO IDENTIFY YOU .. VS THE BAD GUYS

Plurilock brings an entirely different and exciting approach to cybersecurity - authenticating a person’s identity using behavioral biometrics. What does that mean?  Glad you asked.

Behavioral biometric data is - for example - simply the way you type on your keyboard and move your mouse.  Using artificial intelligence and machine learning, Plurilock creates an identity signature that is completely unique to you, like a digital key.

Applying this to the actual but basic example of a keyboard, Plurilock’s cyber security technology knows how you type on your keyboard and move your mouse.  So EVEN if someone was able to physically get onto your laptop, Plurilock would recognize it in seconds and shut the intruder out.

WINNING BUSINESS AND AWARDS

More than just lipservice, here are some company highlights: 

  • Q3 Revenues $15.2M vs $170,000 vs ~ $9M sequentially
  • 9M Revenues $23.9M vs $350,000
  • Q3 New Orders - $US 8.36 million new orders and contracts which included
  • US $1.7 million and US $1.9 million orders with the U.S. Department of Defense
    • US $1.08 million with the U.S. Air Force as part of the National Aeronautics and Space Administration (“NASA”)’s Solution for Enterprise-Wide Procurement (“SEWP”) program.
    • US$239,000 Purchase Order from U.S. Department of the Navy
    • US$304,000 Purchase Order from California State Utility Organization 

AWARDS: Winner 0f Gold Globee(R) Cybersecurity Award for DEFEND Zero Trust Identity Solution

Last week the company announced an order with a California-based Pension Fund

What did Ian L. Paterson, CEO of Plurilock have to say?

"We are pleased to report the completion of our first cross-sale of Plurilock's cutting-edge DEFEND solution. This order highlights the strategy we developed following the acquisition of Aurora in April 2021, where we first acquire profitable cybersecurity companies with prominent customers, and then leverage those distribution channels to cross-sell our high-margin proprietary products. We will continue to identify new cross-selling opportunities and vigorously work towards signing new purchase orders for our advanced zero trust identity technology.”

Now, sit back, relax and watch this powerful interview.

 

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