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Plurilock Completes Acquisition of Aurora Systems Consulting, Inc.
Monday, April 5, 2021Company Profile | Follow Company
Victoria, BC, April 5, 2021--(T-Net)--Plurilock Security Inc. (TSXV: PLUR), a leading provider of invisible and continuous authentication technologies for enterprises, announced that it has completed its previously announced acquisition of Aurora Systems Consulting, Inc., a provider of advanced cybersecurity technology and services based in California.
Business Highlights
The acquisition of Aurora supports the Company's thesis that the global cybersecurity industry is highly fragmented and remains a growing global market. With Aurora, Plurilock will have access to over 140 tier-1 customers and a professional sales team based in the United States that is focused on selling cybersecurity products.
As an existing authentication technology provider, Plurilock will now be able to cross sell their high margin software solution to Aurora's end customers.
As this is the first acquisition Plurilock has made since completing its reverse takeover transaction in September 2020, it is directly in line with the Company's strategy of acquiring attractive assets that have an immediate synergistic impact on operations and can provide an opportunity to expand margins.
Ian L. Paterson, CEO of Plurilock Security Inc
"We are thrilled to be adding Aurora and its team to the Plurilock family," said Ian L. Paterson, CEO of Plurilock Security Inc. "Aurora's customer base of tier-1 organizations in government and related industries allow us to expand our sales reach while providing them with a state-of-the-art identity assurance capabilities to secure their organizations from cyber threats. This acquisition also provides us with a larger footprint within the U.S. market which remains a key focus for us."
Material Terms of the Acquisition
About Aurora
Aurora is revolutionizing the Cybersecurity approach with products and services that proactively prevent, secure, and manage advanced threats and malware. Aurora's technology offerings and portfolio of services protect hundreds of enterprise clients worldwide including Fortune 1000 organizations, local government, and federal institutions.
About Plurilock
Plurilock is a cybersecurity company that provides advanced and continuous authentication for standards and regulatory compliance. Plurilock's software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely-and with peace of mind.
Company Snapshot |
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Plurilock Security Solutions Inc.
Victoria (InfoTech)
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