Latest news with #SecurityInformationandEventManagement
Yahoo
2 days ago
- Business
- Yahoo
Plurilock Secures $1.3M in New Critical Services Contracts Across U.S. Commercial Clients
Board-level focus on offensive security drives enterprise wins Expands multi-year revenue and sharpens future cash flow visibility Reflects increasing demand for integrated services led by Plurilock Critical Services Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity solutions provider, announces that it has closed $1,319,709 in new contracts between April and May 2025. The deals include multi-year Critical Services engagements with key U.S. commercial clients, further strengthening Plurilock's presence across regulated and high-risk enterprise environments. All dollar figures are in Canadian dollars unless otherwise noted. Highlights of the new contracts include: A new Critical Services engagement: a $270,484 annual penetration testing agreement with a U.S.-based in-home advertising company Two contract extensions with a NASDAQ-listed semiconductor manufacturer: a $264,321 renewal for SIEM (Security Information and Event Management) engineering services, and a $784,904 extension for SOC (Security Operations Center) analyst support These contracts are led by Plurilock's Critical Services team and delivered in coordination with technology partners CrowdStrike and Abnormal Security. Plurilock remains the lead architect in these deployments, integrating partner technologies as needed while maintaining end-to-end accountability for customer outcomes. "These wins highlight our growing role as the preferred offensive security and advisory partner for organizations operating in complex, high-risk environments," said Ian L. Paterson, CEO of Plurilock. "Critical Services engagements are increasingly board-level initiatives. Our ability to lead comprehensive security programs, from physical penetration testing to SIEM and SOC support, demonstrates both the breadth of our expertise and the trust we've earned with enterprise clients." All new contracts directly contribute to the expansion of Plurilock's Critical Services business, which grew 178% year-over-year in 2025. These wins reinforce Plurilock's multi-year backlog and give investors greater visibility into future recurring revenue. By operating across both digital and physical threat landscapes, Plurilock gives clients the tools and intelligence needed to assess, contain, and mitigate real-world risk. These recent deals illustrate how embedded services consistently lead to repeat business and deeper strategic engagement. In connection with $1.3M in sales, Plurilock anticipates that both the expenses associated with fulfillment of these sales and the gross margin will be consistent with the Company's historic Professional Services business as previously reported in the Company's most recent MD&A. Plurilock began delivery and fulfillment during Q2 2025. Further details with respect to the terms of the contract are subject to confidentiality and non-disclosure. For more information about Plurilock Critical Services, visit: About Plurilock Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services, aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks. For more information, visit or contact: Ian L. PatersonChief Executive Officerian@ Ali HakimzadehExecutive Chairmanali@ Sean PeasgoodInvestor Relationssean@ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at To view the source version of this press release, please visit
Yahoo
3 days ago
- Business
- Yahoo
CRWD Q1 Earnings Call: Falcon Flex Model Accelerates Adoption Amid Revenue Miss
Cybersecurity company CrowdStrike (NASDAQ:CRWD) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 19.8% year on year to $1.10 billion. Its non-GAAP EPS of $0.73 per share was 10.6% above analysts' consensus estimates. Is now the time to buy CRWD? Find out in our full research report (it's free). Revenue: $1.10 billion (19.8% year-on-year growth) Adjusted EPS: $0.73 vs analyst estimates of $0.66 (10.6% beat) Adjusted Operating Income: $201.1 million vs analyst estimates of $177.9 million (18.2% margin, 13.1% beat) Revenue Guidance for Q2 CY2025 is $1.15 billion at the midpoint, below analyst estimates of $1.16 billion Adjusted EPS guidance for the full year is $3.50 at the midpoint, beating analyst estimates by 1.3% Operating Margin: -11.3%, down from 0.8% in the same quarter last year Annual Recurring Revenue: $4.44 billion at quarter end, up 21.6% year on year Billings: $1.15 billion at quarter end, up 22.4% year on year Market Capitalization: $121.7 billion CrowdStrike's first-quarter results reflected the rapid adoption of its Falcon Flex platform model, which management cited as a driver for larger, faster, and longer customer commitments. CEO George Kurtz detailed how customers are increasingly consolidating security tools onto the Falcon platform, with 'reflexes'—repeat purchases—occurring much earlier than anticipated. Executive leadership pointed to significant customer wins in cloud security, identity protection, and next-generation SIEM (Security Information and Event Management), supported by strong partner and managed service provider momentum. Kurtz highlighted that customers embracing Falcon Flex were deploying more modules at a faster rate, signaling a shift in buying patterns and platform stickiness. Management's guidance for the coming quarters centers on the ongoing shift to platform consolidation and accelerated customer adoption of new modules, particularly in response to the growth of AI-driven security needs. CFO Burt Podbere said, 'We expect these investments to fuel our growth in the back half of the year and beyond as we progress toward our long-term targets.' Leadership emphasized that the Falcon Flex model, coupled with advancements in AI capabilities like Charlotte AI, positions CrowdStrike to capture expanding demand for unified security solutions. The company also expects operating margin improvement from strategic realignment and increased focus on high-growth product areas. CrowdStrike's leadership attributed first-quarter outcomes to rapid Falcon Flex adoption, broad-based product uptake, and increased enterprise demand for integrated security as organizations address expanding digital and AI-driven attack surfaces. Falcon Flex drives customer expansion: Management explained that the Falcon Flex subscription model is leading to larger, longer-term deals, with customers burning through contract capacity faster—often returning for additional purchases ("reflexes") within months. This model streamlines procurement and encourages clients to consolidate multiple cybersecurity tools onto the Falcon platform, deepening customer engagement and speeding up platform adoption. AI product integration accelerates adoption: The company highlighted the role of Charlotte AI, its agentic security analyst, in transforming Security Operations Centers (SOCs) through automation and faster threat response. Kurtz cited Charlotte AI's growing adoption as a factor in large customer expansions, particularly with next-gen SIEM and cloud security deployments. Growth in cloud, identity, and SIEM: Management reported notable acceleration in cloud security, identity protection, and next-generation SIEM product lines. These offerings are increasingly replacing legacy solutions, as customers seek unified, AI-powered security across endpoints, cloud workloads, and identities. This trend was underscored by high-profile wins in both the technology and healthcare sectors. Partner and MSSP channel momentum: CrowdStrike's partner ecosystem played a larger role this quarter, with 60% of annual deal value sourced through partners and managed security service providers (MSSPs) now accounting for over 15% of deal value. This reflects expanding reach into new customer segments and geographies. Temporary headwinds from contract programs: CFO Burt Podbere noted that recent customer and partner contract programs (like CCP) created a temporary separation between annual recurring revenue (ARR) and recognized subscription revenue. Management expects this effect to subside by year-end, with overall ARR growth reaccelerating in the second half as more customers renew and expand their Flex contracts. Looking ahead, CrowdStrike's outlook is shaped by continued platform adoption, AI-driven security needs, and operational efficiency initiatives. Platform consolidation momentum: Management anticipates that the trend of customers consolidating security tools onto the Falcon platform will continue, boosted by the rapid adoption of Falcon Flex. This is expected to drive increased annual recurring revenue and customer retention as organizations seek integrated solutions amid rising cyber threats. AI and next-gen product expansion: The company is prioritizing investments in AI-powered products like Charlotte AI, cloud security, exposure management, and next-gen SIEM. Leadership believes these areas will be key growth drivers, as enterprises increasingly require advanced automation and real-time threat detection. Operational realignment and margin focus: CrowdStrike is implementing a strategic realignment to reallocate resources toward high-growth product lines and internal automation. Management expects these changes to contribute to operating margin expansion and improved free cash flow margin, with targeted benefits materializing by next year. In future quarters, the StockStory team will monitor (1) the pace of Falcon Flex contract expansions and frequency of reflexes, (2) the adoption rate of Charlotte AI and other next-generation modules, and (3) evidence of margin improvement from realignment efforts. Additionally, we will track progress in partner and MSSP channels as indicators of broader platform reach and customer engagement. CrowdStrike currently trades at a forward price-to-sales ratio of 24.2×. Should you double down or take your chips? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Channel Post MEA
27-05-2025
- Business
- Channel Post MEA
GBM Enhances Cybersecurity at PRIME Health with Managed Detection and Response Service
Gulf Business Machines (GBM) has entered a strategic partnership with PRIME Health to deliver a comprehensive managed detection and response (MDR) service designed to enhance cybersecurity across the healthcare provider's ecosystem. Through this collaboration, GBM will deliver around-the-clock threat monitoring, rapid detection, and swift incident response to protect PRIME Health's digital environment. At the core of the collaboration are fully managed Security Information and Event Management (SIEM) and Security Orchestration, Automation, and Response (SOAR) platforms, empowering security teams with automated workflows, real-time insights, and a unified dashboard for enhanced visibility and faster decision-making. In addition, PRIME Health will leverage GBM's expert Digital Forensics and Incident Response (DFIR) team to rapidly investigate and contain threats, while gaining access to contextual, healthcare-specific threat intelligence. Furthermore, the partnership will help safeguard the healthcare provider's digital reputation by proactively monitoring for misuse, impersonation, and threats targeting the brand. Beyond day-to-day operations, GBM will also provide ongoing support to strengthen PRIME Health's cybersecurity posture, ensuring continuous alignment with best practices, regulatory compliance, and evolving threat landscapes. Driven by a strong commitment to technological advancement in healthcare, the UAE's digital health market is projected to reach US$ 2.65 billion by 2030. The collaboration further taps into this opportunity by proactively identifying and mitigating cyber threats targeting patient data and medical devices, thereby contributing to safeguarding the critical healthcare ecosystem in the UAE. Jaleel Rahiman, IT Director at PRIME Health, said, 'At PRIME Health, we recognize that cybersecurity is essential for ensuring operational resilience and safeguarding patient data, and preserving the trust of every individual who walks through our doors. As part of our continued pursuit of excellence, we were looking for a globally recognized provider that could deliver top-grade cybersecurity while securing our complex environment end to end so that our internal teams are free to focus on innovation and care delivery. This initiative reflects our promise of 'Personalised Care, Personally'—where every patient interaction is built on a foundation of trust and data confidentiality. With its proven reputation, strong partnerships, and local presence in the UAE, GBM is our trusted partner in supporting our security goals and compliance roadmap.' Ossama El Samadoni, General Manager of GBM Dubai, said, 'Our MDR service will enable PRIME Health to ensure uninterrupted care delivery while staying ahead of cyber threats. Our multi-layered collaboration reflects our shared commitment to building a secure and resilient healthcare environment. We are delighted to help PRIME Health demonstrate leadership in secure digital transformation, build patient trust by proactively defending sensitive health data, and strengthen their reputation as a security-conscious, future-ready healthcare provider.' PRIME Health is one of the UAE's most trusted healthcare providers, known for its commitment to medical excellence and patient-centric care. With a portfolio that includes Prime Hospital, Prime Medical Centers, Premier Diagnostic Center, Medi Prime Pharmacies, and specialized services such as Home Care and Corporate Medical Services, the company plays a vital role in the UAE's healthcare landscape. The group's leadership continues to drive innovation across clinical, operational, and digital domains.
TECHx
26-05-2025
- Business
- TECHx
Cybersecurity Solutions: GBM Partners with PRIME Health
Home » Smart Sectors » Healthcare » GBM Partners with PRIME Health on Cybersecurity Solutions Gulf Business Machines (GBM), a leading digital solutions provider, has announced a strategic partnership with PRIME Health. The collaboration aims to deliver advanced cybersecurity solutions to protect PRIME Health's digital ecosystem. According to the announcement, the partnership introduces a fully managed detection and response (MDR) service. This includes 24/7 threat monitoring, fast detection, and immediate incident response. At the core of this initiative are Security Information and Event Management (SIEM) and Security Orchestration, Automation, and Response (SOAR) platforms. These tools offer real-time insights, automated workflows, and a unified dashboard. They are designed to improve visibility and speed up decision-making. GBM also revealed that PRIME Health will have access to its expert Digital Forensics and Incident Response (DFIR) team. This team will investigate and contain threats quickly. Moreover, PRIME Health will benefit from specialized, contextual threat intelligence tailored to the healthcare sector. The partnership is expected to: Safeguard PRIME Health's digital reputation Monitor and mitigate threats such as impersonation and misuse Additionally, GBM will provide ongoing support to strengthen PRIME Health's cybersecurity posture. This includes maintaining regulatory compliance and aligning with evolving cybersecurity best practices. The UAE's digital health market is projected to reach US$2.65 billion by 2030. The collaboration supports this growth by protecting patient data and medical devices from cyber threats. Jaleel Rahiman, IT Director at PRIME Health, stated that cybersecurity is vital for operational resilience and patient trust. He emphasized that GBM's expertise will allow PRIME Health's internal teams to focus on innovation and care delivery. Ossama El Samadoni, General Manager of GBM Dubai, reported that the MDR service will help PRIME Health stay ahead of threats. He added that the initiative demonstrates leadership in secure digital transformation. PRIME Health is recognized as one of the UAE's most trusted healthcare providers. Its portfolio includes Prime Hospital, Prime Medical Centers, Premier Diagnostic Center, Medi Prime Pharmacies, and services like Home Care and Corporate Medical Services. With rising cyber threats in the Middle East and North Africa, the demand for strong cybersecurity solutions continues to grow. The region's cybersecurity market is expected to reach US$4.63 billion this year. This collaboration between GBM and PRIME Health marks a major step in building a secure healthcare environment in the UAE.
Malaysian Reserve
23-05-2025
- Business
- Malaysian Reserve
Top SIEM Platforms That Strengthen Threat Detection and Response Ranked in 2025 Report by Info-Tech Research Group
The recently published Security Information and Event Management (SIEM) Emotional Footprint Report from Info-Tech Research Group highlights the leading SIEM solutions that strengthen threat detection, improve incident response, and support security team collaboration. The findings are based on user feedback and data from the firm's SoftwareReviews platform. TORONTO, May 23, 2025 /PRNewswire/ – Info-Tech Research Group has released its 2025 Emotional Footprint Report on Security Information and Event Management (SIEM) solutions, highlighting the top five providers as Champions in the category. Based on user data from SoftwareReviews, a division of the global research and advisory firm and a leading source for insights on the software provider landscape, the report illustrates how leading SIEM vendors support security teams and align with broader organizational objectives. SIEM software allows for real-time analysis of log and event data, which enables threat detection, event correlation, and incident response. SIEM combines these capabilities with security information management for comprehensive insights into security events across organizational infrastructure. Info-Tech's Emotional Footprint measures high-level user sentiment by aggregating emotional response ratings across 25 proactive questions. The result is a powerful indicator of overall user experience toward both the provider and the product. Data from 944 end-user reviews collected on Info-Tech's SoftwareReviews platform was used to identify the top SIEM software providers for the 2025 SIEM Emotional Footprint Report. The report is designed to help organizations select SIEM solutions that enhance threat detection, improve incident response, and strengthen collaboration across security teams. The Net Emotional Footprint (NEF) of each software provider is a result of aggregated emotional response ratings across the areas of service, negotiation, product impact, conflict resolution, strategy, and innovation. The NEF is a powerful indicator of overall user sentiment toward the provider and its product from the software user's point of view. The 2025 Security Information and Event Management – Enterprise Champions are as follows: Trellix Enterprise Security Manager, +89 NEF, ranked high for its client-friendly policies. Microsoft Sentinel, +83 NEF, ranked high for security features. Fortinet FortiSIEM, +87 NEF, ranked high for reliability. Splunk Enterprise Security, + 87 NEF, ranked high for being efficient. Sumo Logic Cloud SIEM, +90 NEF, ranked high for integrity. Analyst Insight:'The SIEM platform is the backbone of an organization's cybersecurity operation center,' says Fred Chagnon, principal research director at Info-Tech Research Group. 'It serves as the central hub for aggregating all security data and intelligence across the environment. A SIEM is vital not only for real-time threat detection and incident response but also for post-incident investigation and root cause analysis. Unless these responsibilities are fully outsourced to a security provider, having an in-house SIEM is essential for enabling security teams to effectively protect against, detect, respond to, and prevent cyberattacks targeting the organization.' User assessments of software categories on SoftwareReviews provide an accurate and detailed view of the ever-evolving market. Info-Tech's reports are informed by the data from users and IT professionals who have direct experience with the software throughout the procurement, implementation, and maintenance processes. Read the full report: Best Security Information and Event Management Providers 2025 For more information about Info-Tech's SoftwareReviews, the Data Quadrant, or the Emotional Footprint, or to access resources to support the software selection process, visit About Info-Tech Research Group Info-Tech Research Group is one of the world's leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations. To learn more about Info-Tech's divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights. Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm's Media Insiders program. To gain access, contact pr@ For information about Info-Tech Research Group or to access the latest research, visit and connect via LinkedIn and X. About SoftwareReviews SoftwareReviews is a division of Info-Tech Research Group. SoftwareReviews empowers organizations with the best data, insights, and advice to improve the software buying and selling experience. For buyers, SoftwareReviews' proven software selection methodologies, customer insights, and technology advisors help maximize success with technology decisions. For providers, the firm helps build more effective marketing, product, and sales processes with expert analysts, how-to research, customer-centric marketing content, and comprehensive analysis of the buyer landscape.
