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VANCOUVER, March 29, 2016 /CNW/ - VirtualArmor International Inc. ("VirtualArmor" or the "Company") (CSE: VAI) is pleased to announce that it has increased its capabilities by adding three new best in breed cybersecurity technologies to be managed on the Company's managed services platform.
"With enterprises continuously adopting new and up to date cybersecurity solutions into their operations, it is imperative for us to strategically on-board technologies that will increase our addressable market to include premier solutions being used by industry leaders," said Matthew Brennan, Vice President of Sales. "Many businesses across the U.S. are currently using one or more of these technologies in their network and are in need of a strong managed services company to help them monitor the effectiveness of their security platforms and identify any potential threats to their proprietary data."
"It is important to expand beyond the current technologies under our managed services platform to include fast growing products in the cybersecurity space that are being used by leading companies," said Andrew Douthwaite, Vice President of Managed Services. "Moving forward, we expect to continue adding leading cybersecurity solutions under our managed services platform while maintaining long standing relationships with our current technologies."
"Our managed services business serves as a high margin multi-year agreement platform that will contribute to predictable and recurring cash flows in the years to come," said Todd Kannegieter, President and CEO of VirtualArmor. "We expect this segment of our business to become a larger percentage of our overall business and ultimately become the main driving force to our bottom line."
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, Office: 720-961-3304, [email protected]; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, [email protected]