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Plurilock (TSXV:PLUR) receives $146,000 order from California healthcare organization

Health Care, Technology
TSXV:PLUR
30 June 2021 10:30 (EDT)
Plurilock - CEO, Ian Paterson.

Source: Plurilock.

Plurilock Security Inc. (PLUR) has received a purchase order worth US$146,000 from a healthcare organization in California.

The order is for a renewal of a portfolio of security solutions, including the company’s Symantec Endpoint Security Complete.

Plurilock has an existing customer relationship with this healthcare organization, demonstrating the company’s ongoing commitment to serve the healthcare and government verticals.

Recent contracts from various clients include a total of nearly US$3.31 million in sales since May 2021. Additionally, the company’s current revenue run rate for the 2021 fiscal year has increased by over 800% year-over-year.

Cyber attacks in the healthcare sector are on the rise, creating a large need for cybersecurity solutions that protect sensitive patient and business data.

According to a report by Herjavec Group, researchers predict that the global healthcare cybersecurity market will grow by 15 per cent year-over-year during the next five years, reaching $125 billion cumulatively from 2020 through 2025.

Plurilock is an identity-centric cybersecurity solutions provider for workforces.

The company 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) is holding steady, trading at $0.445 per share as of 9:41 am ET.

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