In a bold move that speaks volumes about its growth and future aspirations, Plurilock Security Inc. (PLUR.V), a leader in identity-centric cybersecurity solutions, announced the appointment of seasoned corporate finance professional Scott Meyers as its Chief Financial Officer (CFO). The appointment is effective January 5, 2023.
Mr. Meyers boasts an impressive 20-year track record in corporate finance and accounting, having held roles in multinational giants and renowned Canadian corporations, such as Komatsu Ltd., Schneider Electric SE, Kinectrics, Liberty Health Sciences Inc., among others. His diverse experience spans multiple sectors like manufacturing, utility, energy solutions, and gaming. A demonstrated prowess in steering companies towards profitability in adverse economic conditions, coupled with a knack for revitalizing stagnant businesses, makes him a promising addition to Plurilock’s team.
Notably, Mr. Meyers also recently served as the CFO of React Gaming Group, an e-sports tournament and gambling provider, where he proficiently managed complex regulatory filing statements for merger and acquisition activities.
Welcoming Mr. Meyers aboard, Ian L. Paterson, Chief Executive Officer of Plurilock, expressed his confidence in Meyers’ ability to scale operations while adeptly managing Plurilock’s financial actions. “Scott brings forth extensive experience from his 20-year corporate finance career, having worked in both the private and public sectors for domestic and international companies of various sizes. Over all, we are confident in his capability to assist us in scaling our operations while managing the financial actions of Plurilock,” said Paterson.
Committed to securing its workforce and delivering advanced IT solutions to its commercial and government clients worldwide, Plurilock distinguishes itself with its industry-leading artificial intelligence and patented real-time identity confirmation technology. These unique offerings enable teams across North America and globally to operate safely in an increasingly remote work world.
Plurilock’s recent Q1 2023 financials portray a picture of robust growth, with revenues doubling to $15,767,328. This substantial increase can be attributed to strategic acquisitions, organic sales growth, and efficient cross-selling within the Solutions and Technology Division.
Moreover, the company’s flagship software platform, ‘Plurilock AI,’ has been making waves in the industry, securing a recent sales order with an overseas utility infrastructure developer. This demonstrates Plurilock’s commitment to expanding its sales pipeline across various key industries.
To further bolster its growth, Plurilock recently announced the arrangement of a non-brokered private placement of up to 5.34 million units of the company. Proceeds from this and an additional concurrent private placement are intended for corporate purposes and market awareness campaigns.
The recent sale order from an overseas health care administrative services provider for Plurilock’s AI platform only solidifies Plurilock’s position as a global player in cybersecurity. It reflects the effectiveness of the company’s AI platform and its commitment to providing robust cybersecurity solutions to customers worldwide.
Ian L. Paterson echoed this sentiment stating, “We are pleased to announce a new sale order for our high-margin software platform.”
As the scale and complexity of cybersecurity challenges continue to escalate, Plurilock remains poised to provide innovative solutions that address these pressing concerns. With Mr. Scott Meyers now leading its financial actions, Plurilock looks set to forge a path of steady growth and redefine industry standards. The future appears bright and promising for this pioneering player in the cybersecurity landscape.
Plurilock currently trades at $0.14 CAD per share for a market cap of $12.08 million.
