Plurilock and CrowdStrike Partner to Secure Critical Infrastructure and Organizations

Rhea-AI Summary

Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and CrowdStrike (NASDAQ: CRWD) have announced a new partnership to secure critical infrastructure in democratic nations and economies against modern threats. Plurilock's Critical Services team will leverage the AI-native CrowdStrike Falcon® cybersecurity platform to provide sales, support, and deployment services to key customers seeking to modernize their security operations.

The collaboration aims to address the surging threat environment faced by enterprise customers of key importance to world democracies. By utilizing the Falcon platform, Plurilock can consolidate point products, reduce complexity, and deliver comprehensive visibility and real-time protection across enterprises.

Both companies bring deep expertise in AI and cybersecurity to this partnership, with Plurilock originating as an AI cybersecurity research spin-out and CrowdStrike offering the world's most advanced AI-native cybersecurity platform.

Positive

• Partnership with CrowdStrike, a leading cybersecurity company
• Access to CrowdStrike's advanced AI-native Falcon platform
• Potential for increased sales and customer base in critical infrastructure sector
• Enhanced ability to address sophisticated cyber threats

Negative

• None.

Insights

Cybersecurity Analyst

This partnership between Plurilock and CrowdStrike is strategically significant for both companies and the cybersecurity industry. By combining Plurilock's Critical Services with CrowdStrike's Falcon platform, they're targeting a important market: organizations managing critical infrastructure in democratic nations. This focus on high-value targets could potentially lead to increased revenue and market share for both firms.

The collaboration leverages the strengths of both companies: Plurilock's expertise in AI-based cybersecurity and CrowdStrike's advanced AI-native platform. This synergy could result in more robust security solutions for clients facing sophisticated threats. For CrowdStrike investors, this partnership may translate to expanded market reach and potential revenue growth in the critical infrastructure sector.

However, the impact on CrowdStrike's stock may be in the short term, as the partnership's financial details and specific revenue projections aren't disclosed. Long-term success will depend on the effectiveness of the joint solution and its adoption rate among high-profile clients.

Market Research Analyst

This partnership aligns with the growing trend of consolidation and integration in the cybersecurity industry. As organizations seek to streamline their security operations and reduce complexity, partnerships like this one between Plurilock and CrowdStrike are becoming increasingly valuable.

The focus on critical infrastructure protection is particularly timely, given the rising geopolitical tensions and the increasing frequency and sophistication of cyberattacks. This market segment is likely to see significant growth in the coming years, potentially driving demand for advanced AI-driven security solutions.

For CrowdStrike, this partnership could enhance its competitive position in the critical infrastructure sector, which may lead to increased market share and customer acquisition. However, investors should monitor the partnership's progress and any resulting impact on CrowdStrike's financial performance in future quarterly reports.

Plurilock Critical Services team to leverage the CrowdStrike Falcon platform, securing infrastructure critical to democratic nations and economies with industry-leading AI-native protection

Vancouver, British Columbia--(Newsfile Corp. - October 10, 2024) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF), a global cybersecurity services and solutions provider, and CrowdStrike (NASDAQ: CRWD) are pleased to announce a new partnership to secure critical infrastructure in democratic nations and economies against modern threats. Plurilock will provide sales and support of the AI-native CrowdStrike Falcon® cybersecurity platform to help power Plurilock's Critical Services business unit.

Through the partnership, Plurilock will collaborate with CrowdStrike to deploy the Falcon platform and related Plurilock Critical Services to key Plurilock customers that are seeking to modernize or optimize their security operations for today's surging threat environment. Both companies have deep expertise in AI and cybersecurity, with Plurilock having been founded on AI as a cybersecurity research spin-out, and CrowdStrike providing the world's most advanced AI-native cybersecurity platform.

"Plurilock Critical Services secures enterprise customers that are of key importance to the world's democracies-and that are increasingly targeted by sophisticated attacks," said Ian L. Paterson, CEO of Plurilock. "The CrowdStrike Falcon platform enables our Critical Services team to consolidate point products, remove complexity, and deliver comprehensive visibility and real-time protection across the enterprise. This partnership enables us to provide some of the most demanding customers in existence with the solution best able to address the threats they currently face."

"Collaborating with innovative partners like Plurilock is core to CrowdStrike's mission of stopping breaches," said Daniel Bernard, chief business officer, CrowdStrike. "Plurilock customers are targeted by the world's most sophisticated adversaries, and require the most advanced technology and elite services to safeguard their critical assets. We look forward to leveraging the power of the Falcon platform to achieve our shared objectives and stop advanced threats."

About CrowdStrike

CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world's most advanced cloud-native platform for protecting critical areas of enterprise risk - endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
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Start a free trial today: https://www.crowdstrike.com/free-trial-guide/

© 2024 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in other countries. CrowdStrike owns other trademarks and service marks, and may use the brands of third parties to identify their products and services.

About Plurilock

Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services-aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks.

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

Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566

Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720

Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-Looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-Looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226245

FAQ

What is the purpose of the Plurilock and CrowdStrike (CRWD) partnership?

The partnership aims to secure critical infrastructure in democratic nations and economies against modern threats by leveraging CrowdStrike's Falcon platform and Plurilock's Critical Services.

How will Plurilock use CrowdStrike's (CRWD) Falcon platform?

Plurilock will provide sales and support of the AI-native CrowdStrike Falcon platform to help power its Critical Services business unit, deploying it to key customers seeking to modernize or optimize their security operations.

What benefits does the CrowdStrike (CRWD) Falcon platform offer to Plurilock's customers?

The Falcon platform enables Plurilock to consolidate point products, remove complexity, and deliver comprehensive visibility and real-time protection across the enterprise, addressing sophisticated attacks targeting critical infrastructure.

How does this partnership align with CrowdStrike's (CRWD) mission?

The collaboration aligns with CrowdStrike's mission of stopping breaches by partnering with innovative companies like Plurilock to safeguard critical assets of customers targeted by sophisticated adversaries.