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Plurilock (TSXV:PLUR) receives Splunk order with U.S. Department of Defense

Technology
TSXV:PLUR
21 July 2021 08:45 (EDT)

Plurilock Security (PLUR) has received a US$1.9 million order from the U.S. Department of Defense.

The order is part of the National Aeronautics and Space Administration’s (NASA) Solution for Enterprise-Wide Procurement (SEWP), a U.S. Government-Wide Acquisition Contract Vehicle (GWAC).

The latest purchase order represents Plurilock’s third order worth over US$1 million in recent months. All contracts and orders signed by Plurilock since May 2021, including the latest order, represent a combined total of US$7.4 million in sales.

Splunk is a leading security information and event management (SIEM) data platform used by IT, security, and DevOps teams, serving over 15,000 customers in 110 countries. Per the terms of the order, Plurilock will provide the U.S. Department of Defense with the renewal of several Splunk products such as their apps for malware, VMware, user behaviour analytics, and enterprise security.

This order is the latest in a series of orders from the U.S. Department of Defense and other federal agencies and aligns with the company’s planned growth strategy and efforts to acquire additional business within the government vertical.

The SEWP V program, launched by NASA in 2015, is the leading information technology contract vehicle. Estimates anticipate that agencies will utilize SEWP V for $8.8 billion in contracted spending in fiscal 2021. The contract vehicle provides Plurilock with the opportunity to access downstream customers in the government sector.

Plurilock is a cybersecurity company that offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division.

Plurilock Security Inc. (PLUR) opened trading at C$0.46 per share.

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