- Plurilock Security Inc. (TSXV:PLUR) announced a $1.24M contract for software licensing and professional services, including a data loss prevention platform renewal and security operations support
- The deal includes a $922K one-year licensing renewal and an $320K eight-month professional services engagement, marking an expansion of services within the account
- Veera Singh promoted to chief financial officer, effective January 9, 2026, highlighting Plurilock’s commitment to internal talent development and financial leadership
- Plurilock Security stock (TSXV:PLUR) opened trading at $0.20
Cybersecurity company Plurilock Security (TSXV:PLUR) been awarded a new contract totalling $1,242,462 for software licensing and professional services.
The combined contract includes a one-year, $922,008 licensing renewal for the customer’s data loss prevention platform and an eight-month, $320,454 professional services engagement for security operations support. This agreement represents a licensing increase and marks a net-new expansion of Plurilock’s Professional Services within the account, underscoring the company’s ability to deliver comprehensive cybersecurity solutions to enterprise clients.
“This engagement represents a meaningful expansion of our relationship with an important global customer,” Ian L. Paterson, Plurilock’s CEO said in a news release. “We began with a smaller footprint, demonstrated consistent value, and earned additional trust over time. This contract adds new Professional Services on top of the existing licensing relationship, reinforcing our land-and-expand model and further establishing Plurilock as a strategic cybersecurity partner to organizations operating in high-risk, high-value sectors.”
In addition to the contract win, Plurilock announced the promotion of Veera Singh to chief financial officer, effective January 9, 2026. Mrs. Singh currently serves as Vice President of Finance and has been a key contributor to Plurilock’s growth and operational maturity for more than four years. Earlier this year, she was appointed as an officer of the company in recognition of her leadership, technical expertise, and deep understanding of Plurilock’s financial and operational framework.
“Veera has been instrumental in shaping the financial foundation of Plurilock,” CEO Paterson stated in a media release. “Her discipline, strategic insight, and deep commitment to our mission make her exceptionally well-suited to take on this expanded role. We are fortunate to have a leader of her calibre stepping into the position of CFO as we enter an important phase of execution and growth.”
Plurilock Security Inc. is a global cybersecurity systems integrator.
Plurilock is a global cybersecurity company that works to detect, prevent and defend against data breaches and cyberattacks.
Plurilock Security stock (TSXV:PLUR) opened trading 2.56 per cent higher at $0.20 but has given back 56.67 per cent since the year began.
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