Plurilock ends Q2 with $9M in revenue and key acquisition

And B.C.'s fastest-growing firm is from Victoria.

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William Johnson
September 01, 2022

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Welcome to this week’s Thursday Feature, brought to you by Switchboard PR. In this issue, meet the Victoria firm with a new office in India and B.C.'s fastest-growing company. Have a great day. We'll see you again Sunday.

Cybersecurity firm Plurilock ends Q2 with $9M in revenue and key acquisition

Photo by Dan Nelson on Unsplash

Victoria-based Plurilock — a company that uses artificial intelligence to identify, prevent, and eliminate cybersecurity threats in finance, healthcare, and government — ended its second quarter on a high note.

The company shared its Q2 earnings in which revenue hit $9 million, on the heels of increased software and hardware sales.

Plus, the firm announced the closing of its third major acquisition: India-based CloudCodes, a provider of cloud security SaaS enterprise solutions. With the deal done, Plurilock gains an office in Pune, a western Indian city.

“We look forward to all the new avenues this acquisition will open for us and couldn’t be happier about adding another amazing company to the Plurilock family,” said Plurilock CEO Ian Paterson on LinkedIn.

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📰 More Victoria innovation news

☑️ Background check boom: According to Business in Vancouver, B.C.’s fastest growing company, based on revenue growth over the past five years, is Victoria-based Certn. “Certn’s revenue shot up 33,109 percent to $18.5 million in 2021, from $55,856 in 2017,” according to the publication.

🌎 Climate fighting skills: Royal Roads University is launching a Climate Adaptation Fundamentals Micro-Credential. The program is part of its MicroStart slate of rapid upskilling opportunities. “We know there’s a shortage of qualified people with up-to-date climate action competencies,” said Zoe MacLeod, associate vice-president of Royal Roads’ Professional and Continuing Studies. The new program is meant to empower workplaces to enact climate change mitigation practices while encouraging the next generation of climate career professionals.

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