VANCOUVER, March 8, 2016 /CNW/ - VirtualArmor International Inc. ("VirtualArmor" or the "Company") (VAI:CSE) is pleased to announce that the Company has successfully closed over USD $2,400,000 (CAD $3,200,000) in orders for its managed security services, professional services, and hardware sales offerings over the last 90-day period.
"Since the beginning of December last year, we have capitalized on our previous years' efforts to position VirtualArmor as a leader in the managed cybersecurity services business, and as a result, we saw a jump in sales for our various solutions offerings," said Todd Kannegieter, President and CEO of VirtualArmor.
"It is apparent that our Company's products are being well received by global brands that entrust us to provide them with leading customized network infrastructure, cybersecurity solutions and ongoing support," said Matthew Brennan, Vice President of Sales. "In addition to the number of orders received, we have seen a major uptick in new customers to VirtualArmor, coming from a number of leaders in their respective industries that include education, healthcare, and banking."
"Moving into 2016, we expect to continue adding to our customer base in managed security services, professional services, and hardware sales," continued Todd Kannegieter. "We are also introducing CloudCastr, our own private cloud offering, which we expect to become a growing portion of our overall revenues. With the continued growth of our managed security solutions, we expect our gross margins to improve significantly, leading to further increase in our profitability."
VirtualArmor is a cyber security company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. As a managed security services provider, VirtualArmor's services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center ("SOC") located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah. Each member of VirtualArmor's team supports the three main facets of its business: managed services, professional services, and hardware sales, by handling the design, configuration and installation of advanced network and cloud architecture solutions. VirtualArmor uses best-in-breed partnerships to provide solutions for customers that are affordable, highly reliable, scalable, and backed by thorough knowledge of the related technologies, products, and platforms. VirtualArmor has secured partnerships with established technology businesses specializing in network appliances, software, and systems and provides its services to the mid to large enterprise and service provider markets. VirtualArmor customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States. 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, http://www.virtualarmor.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 VirtualArmor. Although VirtualArmor 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 VirtualArmor 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 VirtualArmor 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.
SOURCE Virtual Armor
For further information: Company Contact: Todd Kannegieter, President and CEO, 720-961-3304, firstname.lastname@example.org; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, email@example.com