VirtualArmour Expands Managed Services Scope with $150K Contract with Regional Energy Company
30 July 2019 - 10:31PM
VirtualArmour International Inc. (CSE:VAI)
(OTCQB:VTLR), a premier cybersecurity
managed services provider, has won a new Managed Firewall services
contract with a regional energy company, a current VirtualArmour
customer, increasing their recognized monthly recurring revenue by
50%.
The engagement includes managed services along with professional
services valued at $150,000 over the next year. Palo Alto Firewalls
will be augmented by VirtualArmour’s dedicated managed security
service provider solution. VirtualArmour currently manages the
customer’s threat intelligence and endpoint security platforms.
This comprehensive solution will now enable security monitoring and
complete visibility into their entire network.
“This long-time valued customer wanted to ease the day-to-day
workload of their internal SOC staff so they can focus on the
deployment and management of their policy configuration across the
entire firewall infrastructure,” said VirtualArmour CTO, Andrew
Douthwaite. “By utilizing our firewall services, our SOC staff’s
reach is expanded to the firewall layer, enabling us to perform
direct remediation actions, in support of the processes and
procedures that they have put in place as part of their overall
security program.”
“VirtualArmour has been a long-term trusted partner of our
corporate IT team, and its experienced team of network designers
and engineers really sets them apart,” stated the CIO of the
client. “Their professional skills and deep knowledge of
security technologies will continue to be instrumental in the
ability to secure our entire company from our corporate office to
locations over a multi-state region.”
VirtualArmour’s MSSP solution employs a wide range of
technologies to manage, monitor and maintain the customer security
systems and prevent security breaches. This allows VirtualArmour’s
team of expert analysts to actively hunt for security threats
before they become a problem, alert the customer to a possible
security threat within 15 minutes of detection, and provide through
breach analysis.
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. The company’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 a service contract
VirtualArmour has entered into with a current client,
VirtualArmour’s continued relationship with various suppliers, 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 the Company in
performing the IT implementation and migration, performance under
the contract by all parties, the ability of VirtualArmour to meet
timelines, the continued availability of necessary hardware, the
absence of any trade war or tariffs affecting VirtualArmour’s
ability to perform, 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 ContactRuss ArmbrustCEOVirtualArmour
International Inc.Tel (720) 644-0913Email Contact
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