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March 28, 2024

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Plurilock (PLUR.V) completes switch to new advanced cloud infrastructure, up 50% over 4 months

Plurilock Security (PLUR.V) announced they have transitioned their systems and clients to a new, “state-of-the-art” cloud infrastructure.

The transition is the culmination of a months-long effort that began in December 2020, and Plurilock hopes the redesigned infrastructure will offer their clients robust performances, stability, and high-availability features.

 

Plurilock’s cloud now automates horizontal scaling (the process of scaling by adding more devices to a network) and failure recovery, using Amazon Web Services (AWS) capabilities, including Elastic Kubernetes Service for container management, RDS Aurora for database services, and AWS Cloudwatch for logging and metrics. These improvements allow PLUR’s customers to more easily add new devices to their network and protects their system from unexpected crashes.

 

Plurilock says the technology is in full deployment for all their customers.

“The completion of our next-generation cloud rollout represents a significant leap forward for Plurilock,” stated Ian L. Paterson, CEO of Plurilock. “This feature will enable us to serve large, fast-moving enterprises that have significant security and compliance requirements. We could not be more excited to achieve full deployment and to see our new cloud engine in operation.”

Plurilock is a cybersecurity firm that provides multi-factor authentication and continuous authentication using behavioural metrics. What sets them apart from other companies is that they apply machine learning to human movement to provide continuous authentication and anomaly detection.

 

What this means is that, in order to make sure you’re allowed access to whatever you’re after, they don’t just bombard you with text message codes or make you select squares with stop signs in them. Instead, they use their technology to passively monitor your activity and pick up anomalies automatically, making sure you are who you say you are.

 

In a world where more and more people are working from home, automatically enforced cybersecurity is going to become more and more important. Whether it be for protecting intellectual property from theft or keeping medical records secure, cybersecurity is increasingly important when people are working from home.

 

The cybersecurity market has been growing by ~10% annually, and it will likely continue on this path for the foreseeable future. It is expected to surpass $200 billion USD this year.

 

But as more people adopt cybersecurity, people are going to want to combine security with a convenient and simple user interface, which is where Plurilock’s automatic security comes in, and why their new cloud’s automatic horizontal scaling is important.

 

The stock price has not moved significantly following the news.

Full disclosure: Plurilock Security is an Equity.Guru marketing client.

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