Business
Plurilock Signs Multi-Year Contract Renewal for Flagship Cybersecurity Software with Muthoot Finance
The customer will utilize Plurilock's high-margin software offering for approximately 11,000 user...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock Signs Multi-Year Contract Renewal for Flagship Cybersecurity Software with Muthoot FinanceThe customer will utilize Plurilock's high-margin software offering for approximately 11,000 usersVancouver, British Columbia--(Newsfile Corp. - February 16, 2023) - 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 announce that the Company has signed a three-year contract renewal for its flagship software platform, 'Plurilock' with Muthoot Finance Ltd. (\"Muthoot Finance\" or the \"Customer\"), a leading financial services provider based in India.1With more than 5,750 branches and over 40,000 employees across India, Muthoot Finance offers various competitive loan products.2 The Customer will continue to license the cloud security functionality of the Plurilock platform, which includes IP and Device Restriction and Personal Email Block, for approximately 11,000 users. Additionally, the Company has upsold an additional feature - Password Policy to Muthoot Finance as part of the contract renewal.\"We are pleased to announce a contract renewal with Muthoot Finance, a leading financial services brand in India,\" said Ian L. Paterson, CEO of Plurilock. \"While our focus is to secure new clients for our high-margin software solutions, we also aim to maintain a strong business relationship with existing customers, which results in high customer retention and the potential for us to either cross-sell or upsell additional features of our platform.\"About PlurilockPlurilock provides identity-centric cybersecurity for today's workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.For more information, visit https://www.plurilock.com or contact:Ian L. PatersonChief Executive [email protected] SartoriusChief Financial [email protected] SinghInvestor Relationsprit.singh@pluriloc...