VirtualArmour Expands Growth Into Hospitality and Manufacturing Sectors with $1.1M in New Contracts
VANCOUVER, British Columbia, April 02, 2018 (GLOBE NEWSWIRE) — Premier Managed Services Provider, VirtualArmour International Inc. (the “Company”) (CSE:VAI) (3V3:F) (OTCQB:VTLR) announced today that it has finalized two new contracts within the hospitality and manufacturing sectors.
These contracts have a total value of USD$1.1M over their term, with the scope of services to include a focus on security and data compliance as well as infrastructure management. Services include the implementation of hardware, software, professional and managed security services.
“With the demand of PCI and PII requirements, we are seeing an increased focus on compliance within the hospitality industry to protect their guests, their brand and their future earnings,” said Chad Schamberger, VP of Engineering and Professional Services. “Providing the option for outsourcing Managed Security Services allows our clients to allocate their staff resources and capital to growing revenue and serving customers; while still arming the business with the latest technologies and specialized resources that will keep them protected and compliant.”
Technologies delivered as part of both of these solutions include those from IBM QRadar and Juniper Networks.
Due to the sensitivities inherent within the industry, VirtualArmour’s policy is not to disclose specific client details in press releases.
VirtualArmour 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 US and UK-based security operation centers (“SOC”). Through partnerships with best-in-class technology providers, VirtualArmour delivers only 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 those listed on the Fortune 500 – within several industry sectors, in over 30 countries, across five continents. Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website www.virtualarmour.com
This press release may include forward-looking information within the meaning of Canadian securities legislation. 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. 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.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.