VANCOUVER, Dec. 6, 2016 /CNW/ - VirtualArmour International Inc. (the "Company") (CSE:VAI), a leading cybersecurity and managed services solutions provider, has been named one of the world's hottest cybersecurity companies to watch in 2017. CyberSecurity Ventures, the world's leading researcher and publisher of reports covering global cybercrime damage projections, cybersecurity spending forecasts, and cybersecurity employment figures has placed VirtualArmour at #282 in their Cybersecurity 500 ranking for Q4 2016.
"As a growing company focused on innovation and service, we are proud to be part of the Cybersecurity 500 list which features some of the most notable security companies worldwide such as Palo Alto Networks, IBM Security, and Carbon Black," said Matthew Brennan, President of VirtualArmour. "Being featured in this prolific list for the first time with such a strong peer group is a testament to our rapid growth and emerging presence as a leading security services provider. As cyber threats continue to increase at alarming rates so does the need for businesses to protect their vital data from incoming breaches. We are excited about the opportunity to bring VirtualArmour solutions to companies that are in need of a cybersecurity partner."
The Cybersecurity 500 is a global compilation of leading companies who provide cybersecurity solutions and services. The list creates awareness and recognition for the most innovative cybersecurity companies – ranging from the largest and most recognizable brands, to VC backed start-ups and emerging players, to small firms with potentially game-changing technologies, to solution providers poised for growth around productized or vertically focused services.
Cybercrime continues to fuel an expanding cyber market. Cybersecurity Ventures recently predicted that cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion last year. "We continuously look at thousands of companies for inclusion in the Cybersecurity 500, by soliciting feedback from CISOs, IT security practitioners and service providers, and researching hundreds of cybersecurity events and news sources that we follow," says Steve Morgan, founder and CEO at Cybersecurity Ventures, and Editor-In-Chief of the Cybersecurity 500.
VirtualArmour is a multi-national cybersecurity and managed services company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core. VirtualArmour'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. VirtualArmour uses best-in-breed partnerships to provide solutions for customers that are affordable, reliable, scalable, and backed by industry leading customer service and experience. VirtualArmour 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. 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.
For further information: Company Contact: Matthew Brennan, President, Office: 720-398-5873, Matthew.Brennan@VirtualArmour.com; Nick Dinsmoor, Vice President Marketing and Business Development, email@example.com; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, firstname.lastname@example.org