Plurilock Awarded Federal US DHS, Canadian DND Contracts During Period of Strong Revenue Growth

Source: https://www.prweb.com/releases/plurilock_awarded_federal_us_dhs_canadian_dnd_contracts_during_period_of_strong_revenue_growth/prweb16671169.htm

 

VICTORIA, BRITISH COLUMBIA - November 7th, 2019 - Plurilock this week announced that it has been awarded new contracts by the United States Department of Homeland Security (DHS) and the Canadian Department of National Defence and Canadian Armed Forces (DND/CAF).

 

DHS CONTRACT TO ADVANCE MACHINE-TO-MACHINE AUTHENTICATION, ANOMALY DETECTION

The DHS contract, signed earlier this month, tasks Plurilock with continued development and delivery of machine-to-machine (M2M) anomaly detection technologies to enable future Internet of Things (IoT) authentication in certain federal networks.

The contract is funded through the DHS Science and Technology (S&T) Directorate’s Silicon Valley Innovation Program (SVIP) and represents the next phase in an ongoing collaboration between Plurilock and DHS in a program in which Plurilock is one of only three non-U.S. companies, and the only Canadian company, represented.

“Our behavioral, anomaly detection, and AI capabilities,” says Plurilock CEO Ian Paterson, “give us a head start in developing machine-to-machine authentication tools. We think this technology will become more and more critical as the ‘internet of things’ era matures, so we’re excited to continue to collaborate with the Silicon Valley Innovation Program. Obviously, DHS and SVIP are world-class partners to work with.”

 

DND CONTRACT TO ENHANCE APT DETECTION AND RESPONSE

Plurilock’s new Canadian Department of National Defence contract, signed in July, tasks the company to advance the state-of-the art, real-time cyberattack detection and advanced persistent threat (APT) prevention.

Under the contract, Plurilock will leverage its technology and expertise in anomaly detection and machine learning to improve the detection of ongoing cyber-attacks as well as the efficiency, speed, and accuracy of Canadian federal agency responses to them. DND selected Plurilock in response to an Innovation for Defence Excellence and Security (IDEaS) program call for proposals.

The project commenced at award time and will run through late 2019, with further stages to potentially follow once DND/CAF confirms a successful collaboration.

“It’s hard to overstate the need for real-time threat detection and response in today’s critical systems,” says Paterson. “Plurilock will significantly enhance this capability, and we’re excited to be able to demonstrate our leadership across multiple kinds of security-driven anomaly detection in our work for DND and IDEaS.”

 

ADAPT DRIVES STRONG REVENUE GROWTH

Plurilock’s federal contract wins come during a period of record revenue growth for the company following February’s launch of Plurilock ADAPT, a next-generation multi-factor authentication solution. ADAPT enables risk-based login security using a combination of behavioral-biometric and contextual identity signals, and is unique in its ability to significantly increase the security of login workflows while remaining entirely invisible to users.

“Breach rates continue to climb and frankly, the market is really hungry,” says Paterson. “Companies are frantically looking for a way to deploy MFA without harming delicately balanced user experiences or bottom lines, which is what we offer with ADAPT. It’s amazing to see such rapid uptake just as we ink new deals with federal agencies. It’s an exciting time at Plurilock.”

 

ABOUT PLURILOCK

Plurilock is the leader in 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.

For more information, visit https://www.plurilock.com.

 

ABOUT SVIP

SVIP is one of S&T’s programs and tools to fund innovation and work with private sector partners to advance homeland security solutions. SVIP reaches out to innovation communities across the globe to harness commercial research and development for government applications, co-invest in, and accelerate the transition of technology to the commercial market. Companies participating in SVIP are eligible for up to $800,000 of non-dilutive funding to develop and adapt commercial technologies for homeland security use cases.

For more information on current and future SVIP solicitations, visit https://www.dhs.gov/science-and-technology/svip or contact dhs-silicon-valley@hq.dhs.gov.

 

ABOUT IDEAS

The Innovation for Defence Excellence and Security (IDEaS) program fosters open innovation to provide creative thinkers with the structure and support to encourage solutions which will assist in solving some of Canada’s toughest defense and security challenges. The IDEaS program is broken into several components, designed to advance defense technologies in Canada. Innovations are eligible for funding up to $200,000 during Component 1a and up to $1,000,000 during Component 1b. Innovations that are promising for Canada can receive non-IDEaS Program funding up to $20M to continue development up to Solution Readiness Level 9.