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Welcome to this week’s Sunday Digest, brought to you by Switchboard. In this issue, read about the cybersecurity firm rapidly growing its revenue, plus the process investor Andrew Wilkinson uses to hire CEOs. Have a great day. We'll see you again Thursday.

After fourth acquisition, Plurilock is now doing $50M ARR with 80+ employees

Victoria-based Plurilock — a company that uses artificial intelligence to identify, prevent, and eliminate cybersecurity threats in finance, healthcare, and government — revealed the closing of a fourth acquisition, that of New Jersey-based Atrion Communications.

Atrion provides consulting and technology solutions. Last month, Plurilock shared it would fund the USD $3.7 million deal through a combination of cash, shares and performance-driven earnout payments.

With this addition to the firm, Plurilock is now on a $50 million annual revenue run rate, which is up from $0.479 million when the company went public on the TSX Venture Exchange two years ago, according to CEO Ian Paterson. What’s more, it now has upwards of 600 customers and more than 80 staff.

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📰 More Victoria innovation news

Ocean data: Marine Labs, a startup Victoria Tech Journal has previously featured, has been key to understanding Hurricane Fiona’s impact on the east coast. It’s been helping experts with “insights into the strength and trajectory of the storm,” according to a report in Global News. MarineLabs’ tech captures ocean data and supports organizations like BC Ferries and the US Department of Energy to quantify marine hazards and optimize decision-making. Go deeper with VicTJ’s profile of MarineLabs’ founder: Scott Beatty’s ocean eyes

C-Suite secrets: Andrew Wilkinson, co-founder of Victoria-based Tiny (and owner of Victoria Tech Journal), shared insights into his CEO-hiring process, based on 60+ hires and hundreds of interviews. “The right CEO can 10x your business with minimal effort from you. The wrong CEO is a nuclear bomb. They can ruin your business, take tremendous risk you’re responsible for, and even bankrupt you,” he begins.

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🕴️ Tech jobs of the week

Find your next career:

• QA Analyst at Megabyte Programming Services

• Bank-End Developer at Momentum Dash

• Founding Engineer at Withe

Hiring in Victoria? Reply to this email and let us know! 

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