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Plurilock (TSXV:PLUR) renews contract with Canadian auto dealership

Market News, Technology
TSXV:PLUR
28 February 2023 08:45 (EDT)

Source: Plurilock.

Plurilock Security (PLUR) has signed a contract renewal for its flagship software platform, ‘Plurilock’.

The company, with its subsidiaries, signed the contract renewal with an auto dealership based in Alberta.

The customer has been operating for over 38 years and delivers various leading car brands across seven dealerships.

According to the terms of the contract, the customer has renewed its subscription for the cloud security functionality of the Plurilock platform, which includes SSO, Access Control Management features, and Password Policies.

“We are pleased to announce a contract renewal with a Canadian auto dealership,” said Ian L. Paterson, CEO of Plurilock.

“This transaction represents the latest in a series of new contract renewals and sale orders in recent weeks, and we aim to continue expanding our sales pipeline for our high-margin cybersecurity software offering across different industry verticals,” he added.

Plurilock provides identity-centric cybersecurity for today’s workforces, enabling organizations to operate safely and securely while reducing cybersecurity friction.

Plurilock Security Inc. (PLUR) opened trading at $0.195 per share.


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