Plurilock Security has officially been listed on Canada’s TSX Venture Exchange (TSXV). The behavioral biometrics specialist is based in Victoria, British Columbia, and is trading under the ticker symbol “PLUR” as of September 24.
Plurilock’s behavioral biometrics tech monitors keyboard, mouse, and touchscreen activity to create a unique profile for each user. The company’s various tools verify users when they log in, and then provide ongoing, passive authentication as they work throughout the day.
The portfolio is available through a Software-as-a-Service model, and is designed primarily for enterprise-level customers. Plurilock’s current client roster includes several major financial institutions, as well as the US Army and the US Department of Homeland Security, which renewed its contract on July 30. That contract is funded through the DHS Science and Technology Directorate’s Silicon Valley Innovation Program.
Plurilock first launched commercial products (and secured federal contracts) in 2017, and later formed a Global Sales Channel Partner Program to extend its reach internationally. The company has also teamed with Carahsoft to make inroads with the US government.
“This represents a key milestone in our development,” said Plurilock CEO Ian Paterson. “Since , we have made significant progress in growing our customer base, strengthening our operations, assembling a world class team, and putting ourselves in a position to scale our organization and become a leader in the authentication market. We look forward to sharing our developments with our current and future shareholders.”
Plurilock’s Board of Directors includes Ed Hammersla, who was appointed in the spring. More recently, the company updated its ADAPT solution to offer support to a wider range of enterprise systems like the Microsoft Active Directory Federation, Security Assertion Markup Language, and OpenID Connect.
September 25, 2020 – by Eric Weiss