“This agreement advances our channel-led strategy in the new normal of remote work where companies permit their employees and staff to work at different locations…Remote operations are essential to companies that rely on extensive information exchange between critical stakeholders. Plurilock’s cybersecurity products will protect employees from falling victim to security breaches during remote work, ensuring the safe flow of information within these businesses,” said Ian L. Paterson, CEO of Plurilock.
Odds are you’re working from home if you’re able to read this article during work hours. No need to feel guilty! According to Statistics Canada, you and approximately 4.7 million Canadians are also working from home in response to the current pandemic. However, this statistic only includes those who normally don’t work from home. Cumulatively, about 6.8 million people, or nearly 40% of Canada’s workforce, are working from home according to a survey conducted on March 22, 2020. With this in mind, the prospect of working from home has become appealing to both employers and employees. According to Research Co., a Vancouver based polling firm, approximately 73% of Canadians think the working from home trend will continue following the pandemic.
There’s no denying that working from home has become the standard for businesses hoping to continue operations in 2021. Untangl is focused on providing technology solutions to simplify customer and agent interactions for businesses that have high volume contact center organizations including business process outsourcing (BPO) companies. In accordance with Plurilock’s agreement with Untangl, the Company’s technology offerings will be provided to various North American organizations that require a strong cybersecurity infrastructure to secure remote work access to their large userbases. in doing so, employees will be able to work remotely without having to worry about security breaches.
In the future, Plurilock’s identity assurance products will be incorporated into its comprehensive contact center solutions platform which is currently in development. Ultimately, this will make Plurilock’s products more appealing to companies looking to fortify their cybersecurity capacity. In the last year, Plurilock has performed quite well in response to the massive influx of employers and employees working from home. Under the assumption that working from home will be normalized after COVID-19 has passed, Plurilock is in a great position to lead the transition to remote work in the future. Lets not forget that this is the same company that has been contracted by the US Department of Homeland Security and has made advancements in cloud infrastructure as a whole.
Plurilock’ stock price opened at $0.57 and is currently down to $0.55.
Disclaimer: Plurilock is a client of Equity Guru.