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Plurilock Security wins US$394,000 order from the California State Teachers' Retirement System

Published: 08:57 16 Sep 2021 EDT

Plurilock Security Inc -- wins US$394,000 order from the California State Teachers' Retirement System
Plurilock said that all contracts and orders it signed since April 2021, including the latest order, represent a combined sales total of US$11.09 million

Plurilock Security Inc., an identity-centric cybersecurity solution provider, revealed that it has received a US$394,000 order from the California State Teachers' Retirement System (CalSTRS).

The Victoria, British Columbia-based technology company said that all contracts and orders announced by Plurilock since April 2021, including the latest order, represent a combined sales total of roughly US$11.09 million.

The order comes as part of a new contract between Plurilock and CalSTRS. The contract was secured as a result of the parties' long-standing business relationship and the company's “track record for quality customer service and a variety of IT support offerings,” said Plurilock.

READ: Plurilock Security secures order from California state healthcare agency for US$794,000

For state government organizations, being selective in the procurement of IT and cybersecurity vendors is more critical than ever. Since 2017, cyber-attacks on state and local government entities have risen an average of nearly 50%, according to GCN.

The new contract win is in step with Plurilock's stated goal of expanding within the government and financial verticals. The company has been successful in scoring a slew of orders from state and local government organizations. These include a California state healthcare agency, a California state retirement fund manager, a California state utility resource organization, a California healthcare organization, and a California state taxation agency.

According to the purchase order, Plurilock will provide CalSTRS with a renewal of their project and portfolio management software.

Plurilock offers cybersecurity solutions paired with AI-driven, cloud-friendly security technologies that deliver persistent identity assurance.

Contact the author Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

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