VirtualArmour Receives $300,000 Cybersecurity Contract

Cyber Security Investing

VirtualArmour International (CSE:VAI), a cybersecurity company announced that it received a $300,000 two-year contract from a major pharmaceutical company. VirtualArmour provides its proprietary CloudCastr network security client portal to over 30 countries worldwide. As quoted in the press release: “This win is our first client win in the pharmaceutical space, and reflects our emerging leadership in managed cybersecurity,” …

As quoted in the press release:

“This win is our first client win in the pharmaceutical space, and reflects our emerging leadership in managed cybersecurity,” said Russ Armbrust, VirtualArmour CEO. “Through a request for proposal, we were able to showcase our exclusive managed security service offering as well as our expertise in engineering. Our winning strategies for cybersecurity with a client base across a variety of industry sectors allows us to pivot to new industries and be successful in keeping them secure.”
The two-year contract includes $48,000 in professional services and $264,000 in managed services for firewalls, SIEM, switches and Endpoint Detection and Response (EDR) utilizing technologies from Juniper Networks, Fortinet, IBM and Carbon Black. The project is valued to VirtualArmour at more than $300,000.
VirtualArmour was introduced to the client through its channel partner, Alacrinet, who will provide the hardware for the project.