Plurilock - CEO, Ian Paterson.
CEO, Ian Paterson.
Source: Plurilock.
  • Fledgling cybersecurity developer Plurilock Security (PLUR) is putting together an advisory board to aid in its expansion hopes
  • After only listing late last month, the company has quickly established a board to assist with scaling opportunities, which could include mergers, acquisitions or operational strategies
  • The company is also looking to assess vertical integration opportunities in fields such as financial services, healthcare, critical infrastructure, and government
  • The new advisors include Plurilock co-founder Dr. Issa Traoré, veteran entrepreneur Merv Chia and experienced business leader Marc Orsmond
  • Plurilock Security (PLUR) is up 2.04 per cent and is trading at C$0.25 per share

Fledgling cybersecurity developer Plurilock Security (PLUR) is putting together a key advisory board to aid in its expansion hopes.

After only listing late last month, the company has quickly established a board to assist with scaling opportunities, which could include mergers, acquisitions, or operational strategies.

Specifically, the advisory board will help direct Plurilock’s expansion hopes both at home and overseas. The company is also looking to assess vertical integration opportunities in fields such as financial services, healthcare, critical infrastructure, and government.

The new advisors include Plurilock co-founder Dr. Issa Traoré, veteran entrepreneur Merv Chia and experienced business leader Marc Orsmond.

As well as helping to start the company, Dr. Issa Traoré is currently a professor in the Department of Electrical and Computer Engineering at the University of Victoria.

Merv, whose previous background is in corporate finance, currently acts as President and CEO of private investment firm NEX Industries and is the former President of Trigon Metals.

Marc also has a history in management, acting as Chief Financial Officer of the Corix Group of Companies, where he oversaw 45 high level professionals and an annual budget in excess of $2.4 billion.

Plurilock CEO Ian L. Paterson said the company was are delighted to be able to work under the guidance of experienced industry leaders that will provide technical expertise and key industry insights.

“Moving forward, we will step-up our efforts to grow our customer base and to continue to deliver cutting-edge authentication and cybersecurity solutions,” he added.

Meanwhile, Robert Kiesman, Chairman of Plurilock’s board, also commented on the new appointments.

“As a group, they offer extensive knowledge and strong leadership that would benefit any organization. That they are aligned with Plurilock, its board of directors, and its senior management as we move to grow in the North American market, is a great indicator for Plurilock’s trajectory going forward,” he said.

Plurilock Security (PLUR) is up 2.04 per cent and is trading at C$0.25 per share at 1:30pm EDT.

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