FULL DISCLOSURE: This is sponsored content for Plurilock.

Plurilock Security (TSXV: PLUR) has reportedly again sold its services to a prominent semiconductor firm listed on the S&P500 index.

The latest transaction, said to be valued at US$1.9 million, consists of four separate contracts under which Plurilock will assist the undisclosed client in modernizing its cybersecurity and information security platforms. The new contracts are follow-on work, which were obtained following prior critical services engagements with the client.

Modernization efforts are said to center on the firms identity and access management stack, encryption infrastructure, phishing training and reporting infrastructure, configuration management database infrastructure, and internal cybersecurity communications. The work will also improve the clients phishing and ransomware readiness, as well as its efforts towards zero trust and role-based access control.

“[The client’s] decision to partner with us once again, this time to modernize their Identity and Access Management infrastructure and enhance phishing prevention strategies, is a testament to the quality and reliability of our solutions. This engagement reaffirms the trust our clients place in Plurilock Critical Services, and we’re excited to continue delivering exceptional results,” commented Plurilock CEO Ian L. Paterson.

The latest contract follows Plurilock in September securing a $1.1 million contract with a US government agency, as well as a partnership with TD SYNNEX for critical services.

Plurilock Security last traded at $0.65 on the TSX Venture.

FULL DISCLOSURE: Plurilock Security is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Plurilock Security. The author has been compensated to cover Plurilock Security on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.