VirtualArmour Wins Prominent Wellness Brand Customer in Partnership with Alacrinet

VirtualArmour International Inc (CSE:VAI,OTCQB:VTLR), a premier cybersecurity managed services provider, has received a three-year managed security services and hardware contract from a large retail wellness brand.

Valued at $250,000, the majority of the contract involves providing managed security services, including 24/7/365 alerting, management, maintenance and prevention.

VirtualArmour anticipates expanding the contract with additional managed services later this year, including managed firewall in the third quarter and managed cloud access security brokers (CASB) in the fourth.

The customer was introduced to VirtualArmour through its new reseller partnership with Alacrinet, a leading IT solutions consultancy, which was announced in January.

“We see this as the first of many customer wins to come from our synergistic relationship with Alacrinet,” said VirtualArmour CEO Russ Armbrust. “Key major channel partners like Alacrinet strengthen our market reach, as we continue to grow our high-margin, managed security services business.”

According to Brian Bouchard, president and CEO of Alacrinet: “VirtualArmour enhances our ability to offer leading cybersecurity managed services, hardware and software to our broad range of clients. Our engagement by this prominent wellness brand company provides significant validation of the comprehensive cybersecurity benefits we can now offer, and we see great potential for these benefits to add value to many of our other clients.”

With six offices spanning the U.S. and one location in Puerto Rico, Alacrinet provides digital and cybersecurity consultancy services to a host of notable brands, including the USDA, U.S. Department of Energy, Activision and Uber.

Alacrinet and VirtualArmour recently hosted a Security Summit in Denver with 30 joint customers. The next Security Summit will be held in Southern California on July 19, 2018.

About Alacrinet

Alacrinet Consulting Services is an IBM Premier Business Partner and a leading consulting company and solutions integrator with offices in Miami, Washington DC, Denver, Costa Mesa, Palo Alto and Puerto Rico. With an elite team of highly skilled consultants with broad architectural knowledge, deep technical skills, and access to developers and product support personnel through a network of partners.

Alacrinet has been implementing successful Enterprise solutions for more than 15 years. In that time, the company has implemented a wide variety of security solutions for numerous industries. For more information, visit www.alacrinet.com.

About VirtualArmour

VirtualArmour International is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.

The company maintains 24/7 client monitoring and service management with specialist teams located in its U.S. and UK-based security operation centers. Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention and overall network security.

VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents. For further information, visit www.virtualarmour.com.

Important Cautions Regarding Forward Looking Statements

This press release may include forward-looking information within the meaning of Canadian securities legislation and U.S. securities laws. This press release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour. Although VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct.

Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the success of this partnership, the future deal potential from this partnership, future interest in such partnerships, competitive risks and the availability of financing. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Company Contact
Russ Armbrust
CEO
VirtualArmour International Inc.
Tel (720) 644-0913
Email Contact

Investor Relations:
Ronald Both or Grant Stude
CMA
Tel (949) 432-7566
Email Contact

Source: globenewswire.ca