Business
Plurilock Provides Corporate Update and Growth Strategy Outlook for 2022
Vancouver, British Columbia--(Newsfile Corp. - February 16, 2022) - Plurilock Security Inc. (T...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock Provides Corporate Update and Growth Strategy Outlook for 2022Vancouver, British Columbia--(Newsfile Corp. - February 16, 2022) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries (\"Plurilock\" or the \"Company\"), an identity-centric cybersecurity solutions provider for workforces, is pleased to provide the following corporate update and strategy outlook for 2022.\"We anticipate 2022 to be a transformational year for PlurilockTM as we scale our technology offerings to a diverse and growing base of enterprise customers,\" said Ian L. Paterson, CEO of Plurilock. \"As the global cybersecurity market continues to shift toward zero trust architecture, we feel our suite of continuous authentication, behavioral-biometric products will continue to gain traction in the face of the growing cyber threat. We have invested in this segment of our business by acquiring distribution through our subsidiary, Aurora Systems Consulting Inc., and training our sales staff to accelerate our pipeline growth to secure the direction of Plurilock.\"Paterson added, \"For the duration of 2022, we plan to focus on advancing three primary objectives: sales of Plurilock's high-margin zero trust identity platform, developing new technology that expands our competitive moat, and strategically looking at accretive acquisition opportunities we feel will help us scale. Given our comprehensive growth strategy, we intend to deliver ambitious results with the goal of improving our financial performance, as well as continuing to solidify our role as a cybersecurity technology leader.\"Plurilock plans to achieve its primary corporate objectives by executing the following growth initiatives:Focus on Sales of High-Margin, Proprietary ProductsWith the number of cyberattacks continuing to increase year over year, cybersecurity has become essential for private and public entities, with 50% of large enterprises spending $1 million or more each year on security.1 In recent weeks, the White House and the U.S. Office of Management and Budget have announced that federal agencies will be required to adopt zero trust technology and policies by fiscal year 2024 and a recent survey of security and risk professionals stated that 80% of their organizations intend to implement zero trust in 2022.2,3Plurilock plans to act on this growing demand...