Plurilock Security Inc V.PLUR

Alternate Symbol(s): PLCKF

Plurilock Security Inc. is a Canada-based identity-centric cybersecurity company. The Company secures workforces in the age of AI through its Plurilock AI platform, delivering advanced identity, data safety and guard rails to safely implement AI solutions to commercial and government customers worldwide. The Company operates through two operating divisions: the Technology Division and the Solutions Division. The Technology Division operates under the Plurilock brand, builds and operates its own proprietary product (DEFEND), as well as the acquired product (CloudCodes). The Technology Division is operated by PSI, PL, PLUS and PSP. The Company's corporate overhead expenses associated with PSI are allocated to the Technology Division. The Solutions division is separately operated by ASC and INC. The Solutions division offers services, cybersecurity industry products and technologies other than its own proprietary products (DEFEND).

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Plurilock Security Inc

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Post by waves1on Aug 29, 2022 2:47pm

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Post# 34927507

PLUR acquires CloudCodes Software!

PLUR has acquired CloudCodes Software, an award-winning cloud access security provider with a global customer base!

CloudCodes is a leading provider of unique cloud security SaaS enterprise solutions for protecting email and group collaboration platforms and other cyber security products including SSO, MFA, and DLP solutions. For the year ended March 31, 2022, CloudCodes generated ~$572,000 in product revenue.

This is PLUR's third acquisition to date, enabling an expansion of its product line with access to new zero trust cybersecurity solutions and an entrance to the cloud access security market.

Additionally, this acquisition is beneficial for CloudCodes as they can leverage PLUR's financial resources, deep security information technology, AI capabilities and expertise, and top-tier sales team to optimize operations.

This is a significant move for PLUR to drive its sales growth while gaining a larger footprint in the global zero trust cyber security industry by entering the CASB market.

https://ca.finance.yahoo.com/news/plurilock-completes-acquisition-cloudcodes-software-110000243.html

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