Publication: Proactive

Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has has commenced a non-brokered private placement for total gross proceeds of up to 2,500,000 million dollars. Paterson shares with Proactive more about the private placement and how this move will help accelerate the company’s plans for revenue growth by acquisition. Paterson says the company will be very active with an eye on enhancing overall margins and driving towards profitability.

Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has beefed up its portfolio by acquiring Atrion Communications. Paterson telling Proactive Atrion is a provider of consulting, professional services and technology solutions based in New Jersey. The company reported March 31, 2022 earning of 14.0 million U.S. in revenue with a gross profit of 3.3 million U.S. Paterson says this will give the company a strong presence on the East Coast as they continue their aggressive M&A strategy.

Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company’s subsidiary, Integra Networks has announced a purchase order from the Defence Research and Development Canada which is an operating agency of the Department of National Defense.

Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has now completed the acquisition of certain assets of CloudCodes Software. That company is a security broker based in India. Paterson telling Proactive CloudCodes has been a leading provider of cloud security SaaS enterprise solutions for protecting email and group collaboration. This also gives Plurilock access to new products to offer to its customers.

Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has announce the closing of its latest acquisition, Atrion Communications. Paterson telling Proactive this is the 4th acquisition for the company and with that in place, the company increase its annualized revenue run-rate to approximately 50 million dollars and expanded the client base to 600 and now boasts 80 staff members across North America and India. Paterson also shared more news with Proactive that the company has added security industry veteran Patrick Gorman to the advisory board.

Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has released positive financial numbers for the third quarter and full 9 months of 2022. Paterson telling Proactive the 3rd quarter saw total revenue of 46.8 million dollars for the nine-month period of 2022, a 96% increase year over year. That is a record number for the company.

Plurilock Security Inc. (TSX-V:PLUR) CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has released its first-quarter financial numbers and the strategic acquisitions of Integra and Atrion appear to be paying off, with a doubling of revenue year over year to 15.8 million dollars. Gross margins have also increased to 13.6% in 1Q 2023 from 6.6% in Q1 2022. The company also saw 16 sale orders and contract renewals. Plurilock remains open to potential acquisitions, taking advantage of market opportunities.

Moreover, Plurilock will collaborate with customers to develop internal AI governance frameworks to ensure the safe and responsible use of AI within their organizations. As a public service initiative, Plurilock has made available a free and highly detailed generative AI governance policy template.

Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to announce the unveiling of their new product, PromptGuard. Currently in beta, PromptGuard is an AI safety SaaS (Software-as-a-Service) platform designed for business and government customers. It will be offered as part of the Plurilock AI platform, showcasing the company’s commitment to generative AI safety. Paterson explained to Proactive that PromptGuard was developed utilizing Plurilock’s new CASB (Cloud Access Security Broker) technology for AI.

Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to talk about his plan for 2023 as the company look to continue driving growth including cross selling on a number of its products. Paterson illustrates that with a new contract the company has signed for its flagship product Plurilock with a U.S. credit union.

Plurilock’s commitment to cybersecurity and its focus on safe and responsible AI usage demonstrates the company’s dedication to protecting organizations from potential risks and ensuring the long-term sustainability of the generative AI market. With their expertise in cybersecurity and AI governance, Plurilock aims to empower organizations to embrace AI technologies while maintaining data safety and compliance.