Plurilock - CEO, Ian L Paterson (right)
CEO, Ian L Paterson (right)
Source: Vancouver Sun
  • Fresh of its recent listing on the TSXV, cybersecurity start-up Plurilock (PLUR) has formed a new partnership with open-source software vendor Gluu
  • Through the partnership, Plurilock can now develop software for Gluu’s digital identity and access management platform
  • Consequently, Plurilock’s adapter will become part of Gluu’s open-source server distribution, with other Plurilock products expected to follow
  • The news follows the creation of Plurilock’s advisory board last month, which included a senior position for notable cybersecurity advisor Gaétan Houle
  • Plurilock is trading in the grey for C$0.36 each

Fresh of its recent listing on the TSXV, cybersecurity start-up Plurilock (PLUR) has formed a new partnership with open-source software vendor Gluu.

Through the partnership, Plurilock can now develop software for Gluu’s digital identity and access management platform. Consequently, Plurilock’s adapter will become part of Gluu’s open-source server distribution, with other Plurilock products expected to follow.

Plurilock’s proprietary offering traces behavioural patterns in typing to help identify users, eliminating the need for excessive authentication processes, which may prove a major boon for Gluu’s identification management software.

CEO of Plurilock Ian Paterson called the partnership an “exciting strategic collaboration.”

“Deeper integration with Gluu expands our potential market footprint in new ways and provides Plurilock with the ability to support an in-demand IAM solution for enterprise clients,” he added.

Meanwhile, Mike Schwartz, founder and CEO of Gluu, said the integration with Plurilock’s authentication technologies would give its consumers access to new adaptive security capabilities.

The news follows the creation of Plurilock’s advisory board last month, which included a senior position for cybersecurity advisor Gaétan Houle.

Plurilock first hit the TSXV at the end of September, following an amalgamation with capital pool company Libby K Industries.

Since then the company’ share price has traced a steady line upwards, to now be valued at around C$0.36 after opening around 28 cents per share during its IPO.

With that in mind, Gluu appears to be in good company, considering its own Nasdaq-listed shares have had an impressive year-to-date, rising more than 40 per cent since the start of January.

Currently, Plurilock is trading in the grey for 36 cents each at 9:53am EST.

More From The Market Online

Top crypto stocks and ETFs to consider before the Bitcoin halving

Read about 10 of the highest-performing Bitcoin stocks and ETFs leading up to the cryptocurrency's April 2024 halving.

Netflix trounces subscriber growth estimates in Q1 2024

Netflix (NASDAQ:NFLX) added 9.33 million subscribers in Q1 2024, almost double the consensus forecast of analysts polled by LSEG.