VirtualArmour Wins $595k Managed SIEM, Endpoint Detection & Response Contract with High-tech Manufacturing Client

VirtualArmour Wins $595k Managed SIEM, Endpoint Detection & Response Contract with High-tech Manufacturing Client

FOR IMMEDIATE RELEASE
October 12, 2020

Contact: Elise Silagy
Marketing Coordinator
[email protected]

VirtualArmour Wins $595k Managed SIEM, Endpoint Detection & Response Contract with High-tech Manufacturing Client

Denver, CO, October 2020: VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), cybersecurity managed services provider, has won the contract to manage a new manufacturing client’s SIEM and Endpoint  Detection & Response. This contract will include managed cybersecurity services and a major QRadar Cloud &  Crowdstrike hardware/software refresh to the manufacturing client’s network. The total contract value is $595,000 over a 1-year period.  

Tianyi Lu, VirtualArmour VP of Product, is excited to announce, “We are greatly looking forward to this new partnership with a client in the high-tech manufacturing industry. As 2020 comes to a close, we continue to see  new business and a need for our services across many growing industries.”  

VirtualArmour CEO, Russ Armbrust explains, “Remote work has forever changed how IT departments and cybersecurity teams need to approach endpoints, with consideration of how organizations are allowing employees to use their own personal devices. Securing these endpoints is critical, especially when they have access to sensitive customer or company data. In the high-tech manufacturing industry, it is more important  than ever to protect data, we feel that this new client came to us because our team of expert cybersecurity  engineers can ensure a safe online environment and the protection they need.” Managed service contracts to  be covered include: 

Endpoint Detection & Response 

Our next-generation endpoint protection solutions provide continuous breach protection. We provide constant prevention, detection, visibility, and intelligence, so our clients can be protected before, during and even after a  breach. 

Managed SIEM 

Creation and management of all rules and policies in the SIEM environment based on the needs of our client.  Full incident detection and remediation/recommendations will be provided, as well as asset detection and monitoring as assets enter and leave the network.  

VirtualArmour offers end-to-end project management and support for the duration of these projects led by professionals with experience in Managed SIEM and Endpoint Detection & Response projects of equal or greater size. VirtualArmour also ensures a consistent review, knowledge transfer, handover and operational success of the new network architecture to the client.  

About VirtualArmour 

VirtualArmour is a global Managed Security Services Provider (MSSP) that delivers custom security services tailored to meet the needs of our clients. VirtualArmour manages the entire security lifecycle, from initial  alerting to the investigation phase to resolution. Visit us at www.virtualarmour.com

VirtualArmour Wins $1.7M Managed SIEM & Vulnerability Scanning Contract with Healthcare Client

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FOR IMMEDIATE RELEASE
July 17, 2020
Download as PDF

Contact: Elise Silagy
Marketing Coordinator
[email protected]

VirtualArmour Wins $1.7M Managed SIEM & Vulnerability Scanning Contract with Healthcare Client

Denver, CO, June 2020: VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), cybersecurity managed services provider, has won (2) contracts to manage a healthcare client’s SIEM and Vulnerability Scanning. The contracts will include professional and managed cybersecurity services as well as a major hardware/software refresh to the healthcare client’s network. VirtualArmour was able to provide a special financing option to defer payments on managed service costs until 2021. The total contract value is $1,700,000 over a 3-year period. 

Chad Schamberger, VirtualArmour VP of Operations, mentions, “Through our Managed SIEM offering, the client will be provided healthcare specific use cases that address security compliance standards from HIPAA. Our Vulnerability Scanning offering will provide the client with greater visibility into surface attacks, enhanced patch management and threat detection.” Managed service contracts to be covered include: 

Vulnerability Scanning Vulnerability reports generated from this offering will be utilized to gauge risk associated with known vulnerabilities and threats, which will help the client prioritize a patching schedule and/or emergency patches. 

Managed SIEM Creation and management of all rules and policies in the SIEM environment based on the needs of our client. Full incident detection and remediation/recommendations will be provided, as well as asset detection and monitoring as assets enter and leave the network. 

VirtualArmour offers end-to-end project management and support for the duration of these projects led by professionals with experience in Managed SIEM and Vulnerability Scanning projects of equal or greater size. VirtualArmour also ensures a consistent review, knowledge transfer, handover and operational success of the new network architecture to the client. VirtualArmour CEO, Russ Armbrust states, “As with many industries, the healthcare industry is highly driven by compliance from HIPAA to receive funding. VirtualArmour has become the trusted advisor when it comes to security compliance.” 

About VirtualArmour VirtualArmour is a global Managed Security Services Provider (MSSP) that delivers custom security services tailored to meet the needs of our clients. VirtualArmour manages the entire security lifecycle, from initial alerting, to the investigation phase to resolution. Visit us at www.virtualarmour.com 

[/cs_text][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][/cs_content][cs_content_seo]FOR IMMEDIATE RELEASE
July 17, 2020
Download as PDF
Contact: Elise Silagy
Marketing Coordinator
[email protected]
VirtualArmour Wins $1.7M Managed SIEM & Vulnerability Scanning Contract with Healthcare Client
Denver, CO, June 2020: VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), cybersecurity managed services provider, has won (2) contracts to manage a healthcare client’s SIEM and Vulnerability Scanning. The contracts will include professional and managed cybersecurity services as well as a major hardware/software refresh to the healthcare client’s network. VirtualArmour was able to provide a special financing option to defer payments on managed service costs until 2021. The total contract value is $1,700,000 over a 3-year period. 
Chad Schamberger, VirtualArmour VP of Operations, mentions, “Through our Managed SIEM offering, the client will be provided healthcare specific use cases that address security compliance standards from HIPAA. Our Vulnerability Scanning offering will provide the client with greater visibility into surface attacks, enhanced patch management and threat detection.” Managed service contracts to be covered include: 
Vulnerability Scanning Vulnerability reports generated from this offering will be utilized to gauge risk associated with known vulnerabilities and threats, which will help the client prioritize a patching schedule and/or emergency patches. 
Managed SIEM Creation and management of all rules and policies in the SIEM environment based on the needs of our client. Full incident detection and remediation/recommendations will be provided, as well as asset detection and monitoring as assets enter and leave the network. 
VirtualArmour offers end-to-end project management and support for the duration of these projects led by professionals with experience in Managed SIEM and Vulnerability Scanning projects of equal or greater size. VirtualArmour also ensures a consistent review, knowledge transfer, handover and operational success of the new network architecture to the client. VirtualArmour CEO, Russ Armbrust states, “As with many industries, the healthcare industry is highly driven by compliance from HIPAA to receive funding. VirtualArmour has become the trusted advisor when it comes to security compliance.” 
About VirtualArmour VirtualArmour is a global Managed Security Services Provider (MSSP) that delivers custom security services tailored to meet the needs of our clients. VirtualArmour manages the entire security lifecycle, from initial alerting, to the investigation phase to resolution. Visit us at www.virtualarmour.com [/cs_content_seo]

VirtualArmour Wins $4.1M Managed Services Contracts with Data Center Client

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FOR IMMEDIATE RELEASE
April 14, 2020
Download as PDF

Contact: Elise Silagy
Marketing Coordinator
[email protected]

VirtualArmour Wins $4.1M Managed Services Contracts with Data Center Client

Denver, CO, April 2020: VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a cybersecurity managed services provider, has won (3) contracts to manage a client’s network architecture and engineering, tier 1 operations center support, and data center optimization. The total contract value is $4,139,500 over a 3 year period.

Andrew Douthwaite, VirtualArmour CTO, highlights, “We are really pleased that this new contract extends our service offerings with one of our longest standing clients. As we manage and operate this client’s infrastructure, provisioning new customers and keeping client office locations operational through growth, we are hopeful our client sees the value of multiple VirtualArmour service offerings, building a lasting relationship where both companies can grow together successfully.” Managed service contracts to be covered include:

Network Architecture & Engineering

Audit existing network infrastructure, topology and design, identify inefficiencies and/or bottlenecks, and implementation of network architecture and site migrations.

Operation Center Support

Provide first line operations support 24/7 at a reduced cost and higher technical value for a major international data center provider. Customized to how the client wants their support delivered, seamless experience to thousands of client’s end customers operating under the guise of the client look and feel.

Data Center Optimization

Newly built and acquired data center locations to be combined into one logical, functional datacenter to provide the client with optimized traffic flow and a scalable architecture of the new next-generation network platform.

VirtualArmour offers end-to-end project management and support for the duration of these projects led by professionals with previous experience in network migration projects of equal or greater size. VirtualArmour also ensures a consistent review, knowledge transfer, handover and operational success of the new network architecture to the client. Client President & Chief Revenue Officer states, “VirtualArmour has become our trusted advisor when it comes to the build out of our security network and infrastructure. Working closely with us as we grow through acquisition to ensure a smooth transition on to our network is invaluable. The high-touch managed support that we rely on 24/7/365 from VirtualArmour allows us to continue our growth while ensuring the security of our company and our clients.”

About VirtualArmour

VirtualArmour is a global Managed Security Services Provider (MSSP) that delivers custom security services tailored to meet the needs of our clients. VirtualArmour manages the entire security lifecycle, from initial alerting, to the investigation phase to resolution. Visit us at www.virtualarmour.com

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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 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 this partnership, the future deal potential from this partnership, future interest in such partnerships, 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.

[/cs_text][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][/cs_content][cs_content_seo]FOR IMMEDIATE RELEASE
April 14, 2020
Download as PDF
Contact: Elise Silagy
Marketing Coordinator
[email protected]
VirtualArmour Wins $4.1M Managed Services Contracts with Data Center Client
Denver, CO, April 2020: VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a cybersecurity managed services provider, has won (3) contracts to manage a client’s network architecture and engineering, tier 1 operations center support, and data center optimization. The total contract value is $4,139,500 over a 3 year period.
Andrew Douthwaite, VirtualArmour CTO, highlights, “We are really pleased that this new contract extends our service offerings with one of our longest standing clients. As we manage and operate this client’s infrastructure, provisioning new customers and keeping client office locations operational through growth, we are hopeful our client sees the value of multiple VirtualArmour service offerings, building a lasting relationship where both companies can grow together successfully.” Managed service contracts to be covered include:
Network Architecture & Engineering
Audit existing network infrastructure, topology and design, identify inefficiencies and/or bottlenecks, and implementation of network architecture and site migrations.
Operation Center Support
Provide first line operations support 24/7 at a reduced cost and higher technical value for a major international data center provider. Customized to how the client wants their support delivered, seamless experience to thousands of client’s end customers operating under the guise of the client look and feel.
Data Center Optimization
Newly built and acquired data center locations to be combined into one logical, functional datacenter to provide the client with optimized traffic flow and a scalable architecture of the new next-generation network platform.
VirtualArmour offers end-to-end project management and support for the duration of these projects led by professionals with previous experience in network migration projects of equal or greater size. VirtualArmour also ensures a consistent review, knowledge transfer, handover and operational success of the new network architecture to the client. Client President & Chief Revenue Officer states, “VirtualArmour has become our trusted advisor when it comes to the build out of our security network and infrastructure. Working closely with us as we grow through acquisition to ensure a smooth transition on to our network is invaluable. The high-touch managed support that we rely on 24/7/365 from VirtualArmour allows us to continue our growth while ensuring the security of our company and our clients.”
About VirtualArmour
VirtualArmour is a global Managed Security Services Provider (MSSP) that delivers custom security services tailored to meet the needs of our clients. VirtualArmour manages the entire security lifecycle, from initial alerting, to the investigation phase to resolution. Visit us at 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 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 this partnership, the future deal potential from this partnership, future interest in such partnerships, 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.[/cs_content_seo]

VirtualArmour Service Offering – Response to COVID-19 Business Continuity

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Contact: Elise Silagy
Marketing Coordinator
[email protected]
Download as PDF

Denver, CO, March 2020: COVID-19 pandemic has forced a rapid shift in business to a remote workforce, something most companies were not prepared to do. With employees working from home for the first-time many IT departments are overwhelmed regarding their cybersecurity and the expansion of their Remote Access VPNs. While having employees work from home reduces the risk of spreading and contracting the virus, this also puts business data at risk to malicious security threats. An unprotected remote workforce increases a company’s chance of security threats and can lead to detrimental consequences for a business – some even being forced into bankruptcy. In order to protect the remote workforce and prevent data loss, businesses will need to keep a close eye on security or hire an outside Managed Security Services Provider (MSSP) to ensure their information is secure. VirtualArmour has expertise in supporting a work from home capability for our current customers and with the business shift, have experienced a major uptick in inbound requests to provide this capability.
Over the next several weeks, many businesses will be evaluating the steps they need to take to protect their business from security threats. VirtualArmour CEO, Russ Armbrust commented on the current economic situation, “We are seeing a huge shift in the business environment, I believe this is not only a short-term impact but the shift will become a long-term solution for a way to conduct business. I believe we will start to see many companies embrace the work from home lifestyle for their employees to boost profitability and save on cost in the near future.” As for steps that can be taken in the immediate future, VirtualArmour suggests:

  • Implement Virtual Private Networks (VPN): VPNs allow employees to access the resources they need securely. VPNs are a useful security tool for remote workers because it provides access to company resources by way of a private network. This protects companies by encrypting web traffic from hackers looking to access private information. An additional layer of protection that works side by side with VPN, is firewall protection.
  • Remote Access VPN Service: Secure your remote workforce and empower always/anywhere productivity. We design, deploy, & monitor VPN connections for businesses and institutions of all sizes.
  • Device Protection: Devices outside the office are more vulnerable to attacks. Advise staff about the risk of having their devices outside the office and how to reduce the loss of their devices.
  • SIEM Health Check Service: SIEM Health Check will evaluate and review an existing SIEM deployment against industry best practices. VirtualArmour will review overall SIEM environment for correct software levels, EPS licenses, and reporting.
  • Reporting on Security Issues: Put in place a system where employees can report any security issues they might encounter while working remotely. There will be an increase in the number of email scams regarding the Coronavirus. Advise employees about email scams and how to identify if the email is authentic or not.
  • Vulnerability Scanning Service: VirtualArmour has a team of engineers that can monitor and find potential security threats 24/7. Once a threat is detected, an engineer will take action within minutes to remove the threat. Our engineers will alert you to the incident, file a report, and record it in our client portal.

About VirtualArmour

VirtualArmour is a global Managed Security Services Provider (MSSP) that delivers custom security services tailored to meet the needs of our clients. VirtualArmour manages the entire security lifecycle, from initial alerting, to the investigation phase to resolution. Visit us at www.virtualarmour.com[/cs_text][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][/cs_content][cs_content_seo]Contact: Elise Silagy
Marketing Coordinator
[email protected]
Download as PDF
Denver, CO, March 2020: COVID-19 pandemic has forced a rapid shift in business to a remote workforce, something most companies were not prepared to do. With employees working from home for the first-time many IT departments are overwhelmed regarding their cybersecurity and the expansion of their Remote Access VPNs. While having employees work from home reduces the risk of spreading and contracting the virus, this also puts business data at risk to malicious security threats. An unprotected remote workforce increases a company’s chance of security threats and can lead to detrimental consequences for a business – some even being forced into bankruptcy. In order to protect the remote workforce and prevent data loss, businesses will need to keep a close eye on security or hire an outside Managed Security Services Provider (MSSP) to ensure their information is secure. VirtualArmour has expertise in supporting a work from home capability for our current customers and with the business shift, have experienced a major uptick in inbound requests to provide this capability.
Over the next several weeks, many businesses will be evaluating the steps they need to take to protect their business from security threats. VirtualArmour CEO, Russ Armbrust commented on the current economic situation, “We are seeing a huge shift in the business environment, I believe this is not only a short-term impact but the shift will become a long-term solution for a way to conduct business. I believe we will start to see many companies embrace the work from home lifestyle for their employees to boost profitability and save on cost in the near future.” As for steps that can be taken in the immediate future, VirtualArmour suggests:
Implement Virtual Private Networks (VPN): VPNs allow employees to access the resources they need securely. VPNs are a useful security tool for remote workers because it provides access to company resources by way of a private network. This protects companies by encrypting web traffic from hackers looking to access private information. An additional layer of protection that works side by side with VPN, is firewall protection.
Remote Access VPN Service: Secure your remote workforce and empower always/anywhere productivity. We design, deploy, & monitor VPN connections for businesses and institutions of all sizes.
Device Protection: Devices outside the office are more vulnerable to attacks. Advise staff about the risk of having their devices outside the office and how to reduce the loss of their devices.
SIEM Health Check Service: SIEM Health Check will evaluate and review an existing SIEM deployment against industry best practices. VirtualArmour will review overall SIEM environment for correct software levels, EPS licenses, and reporting.
Reporting on Security Issues: Put in place a system where employees can report any security issues they might encounter while working remotely. There will be an increase in the number of email scams regarding the Coronavirus. Advise employees about email scams and how to identify if the email is authentic or not.
Vulnerability Scanning Service: VirtualArmour has a team of engineers that can monitor and find potential security threats 24/7. Once a threat is detected, an engineer will take action within minutes to remove the threat. Our engineers will alert you to the incident, file a report, and record it in our client portal.
About VirtualArmour
VirtualArmour is a global Managed Security Services Provider (MSSP) that delivers custom security services tailored to meet the needs of our clients. VirtualArmour manages the entire security lifecycle, from initial alerting, to the investigation phase to resolution. Visit us at www.virtualarmour.com[/cs_content_seo]

VirtualArmour Reports Q3 2019 Results; Services Revenue Exceeds Product Sales Revenue For First Time

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CENTENNIAL, Colo., Nov. 29, 2019 (GLOBE NEWSWIRE) — VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a premier cybersecurity managed services provider, reported results for the third quarter ended September 30, 2019. Financial results are in U.S. dollars, with comparisons made to the same year-ago quarter unless otherwise noted.

Q3 2019 Financial Highlights

  • Revenue for the quarter came in at $2.4 million.
  • Managed and professional services revenue increased 9.5% to $1.4 million, due primarily to the expansion and addition of clients signed under contracts over the last year.
  • Gross profit as a percentage of revenue increased to 29.8% from 26.4% due to a favorable shift in revenue mix to higher margin managed and professional services revenue.
  • Annual recurring revenue (ARR) totaled $4.7 million at September 30, 2019, up 12% from $4.2 million at September 30, 2018. The company defines ARR as the value of its service contracts normalized to a one-year period.

Q3 2019 Operational Highlights

  • Won a $330K contract with a Global Service Provider.  This opportunity will build on the almost $2M additional hardware, software and services deals that have been closed since January of 2019 for this customer.
  • Expanded opportunity with Global Satellite Company with a $245K gateway expansion project. This opportunity will build on the $1.7M additional hardware deals that have been closed in the first half of 2019 for this customer.
  • Was ranked Top 100 MSSP Globally by MSSP Alert’s Top 200 MSSP List.
  • Joined AT&T Cybersecurity Partner Program to Deliver 24/7 Cybersecurity Managed Services Across the Globe.
  • Signed two new channel partner as managed security service resellers that expands the range of service offerings to both companies allowing VirtualArmour to pursue opportunities across the US.

Q3 2019 Financial Summary

Revenue totaled $2.4 million in the third quarter of 2019. The improvement was due to managed and professional services revenue increasing 9.5% to $1.4 million while overall sales declined from $3.9 million vs. the same period a year ago due to lower product sales (hardware and software).

Cost of sales totaled $1.7 million in the third quarter of 2019 as compared to $2.9 million in the year ago quarter). The decrease in cost of sales was due primarily to a decrease in product cost of sales.

Gross profit was $0.7 million or 29.8% of revenue in the third quarter of 2019, as compared to $1.0 million or 26.4% of revenue in the year ago quarter. The increase in gross profit and gross profit as a percentage of revenue was due to a favorable shift in revenue to higher margin managed and professional services revenue.

Total expenses were $1.1 million in the third quarter of 2019, as compared to $1.1 million in the year ago quarter.

Net and comprehensive loss was $492,000 or $(0.01) per share in the third quarter of 2019, as compared to a loss of $165,000 or $(0.00) per share in the year-ago quarter. The loss was primarily due to lower gross profit reflecting the lower product sales and the increase in interest expense.

Cash totaled $72,000 at September 30, 2019, compared to $25,000 at June 30, 2019, with the increase primarily due to the collection of receivables.

Management Commentary

“In 2019, we saw our business shift from a focus on hardware sales to more services contracts. Q3 is the first time that we have seen our managed service and professional service revenue exceed our hardware/software revenue,” said  Russ Armbrust, CEO of VirtualArmour. “VirtualArmour will benefit from this shift to managed services vs. third party resale, given rapidly growing, high margin, recurring revenues are highly attractive, thereby increasing valuation multiples. Consequently, enterprise value will increase as VirtualArmour continues to deemphasize the hardware/software resale business and continues to focus on expanding its managed service business.

“As part of the new alliance with AT&T Cybersecurity, the AlienVault Unified Security Management™ (USM™) platform will be integrated with VirtualArmour’s proprietary CloudCastr client portal. The integration of our platforms will further simplify and centralize threat management across our new and existing customers’ cloud and on-premise environments. Through this alliance, we also see a tremendous cross-selling opportunity to bring a unique combination of capability and value to our respective clients

“Subsequent to the quarter, we expanded upon an engagement with a global satellite company. This client has been a long-time customer of ours and exemplifies the type of customer we focus on as a cornerstone to our growth strategy. Through our partnership we have worked closely together to open gateways all over the globe enabling this satellite provider to become a pioneering force in networking and communications.

“Due to the continued growing threat of targeted breaches across all industries and business sizes, our outlook for the rest of 2019 and into 2020 remains very positive. We are seeing larger budgets being allocated to cyber protection as companies prepare for 2020 and beyond. We anticipate further revenue growth and margin expansion from our continued ramp up in sales of managed services, along with further penetration of new markets led by our growing sales, marketing, and service organization.”

Cybersecurity Outlook

Annual global cyber losses are expected to hit US$6 trillion by 2021, with cybersecurity spending projected to exceed a total of US$1 trillion for the five years leading up to 2021. This is according to a report from Cybersecurity Ventures that suggests the immediate costs of a cyberattack can be significant, but the damage to a business’s reputation could cost just as much or even more in the long term.

With the ever-increasing cybersecurity risks and regulations being introduced, business leaders are fast realizing that there is more to be protected and serious penalties for not complying. According to the Worldwide Security Spending Guide from International Data Corporation (IDC), worldwide spending on security solutions will achieve a compound annual growth rate (CAGR) of 9.2% over the 2018 to 2022 forecast period and total US$133.8 billion in 2022.

The report says worldwide spending on security-related software, hardware and services is forecast to reach $103.1 billion in 2019, an increase of 9.4% over 2018.

VirtualArmour is well positioned to capitalize on this growth opportunity and continues to deepen its penetration into the healthcare, financial, retail and service provider industries.

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.

VirtualArmour International Inc.
Interim Consolidated Statements of Operations and Comprehensive Loss
For the three and nine months ended September 30, 2019 and 2018
(Unaudited – Expressed in U.S. Dollars)
Three months ended
September 30
Nine months ended
September 30
2019
$
2018
$
2019
$
2018
$
   
Revenue 2,429,105 3,932,672 8,679,594 11,203,415
Cost of sales (1,705,750) (2,894,256) (6,207,712) (8,161,866)
Gross Profit 723,355 1,038,416 2,471,882 3,041,549
Expenses    
General and administrative 452,492 478,108 1,742,458 1,426,305
Research and development 53,034 56,189 154,986 144,569
Sales and marketing 559,770 591,730 1,815,814 1,710,889
Total Expenses 1,065,296 1,126,027 3,713,258 3,281,763
Loss from Operations (341,941) (87,611) (1,241,376) (240,214)
Other Income (Expenses)    
Change in fair value of warrant derivative liabilities 2,589
Interest expense (150,096) (77,804) (299,362) (174,201)
Net and Comprehensive Loss for the period (492,037) (165,415) (1,540,738) (411,826)
Loss per share – basic and diluted (0.01) (0.00) (0.02) (0.01)
Weighted average number of shares outstanding – basic and diluted 63,599,447 63,599,447 63,599,447 61,678,669
VirtualArmour International Inc.
Interim Consolidated Balance Sheets
As at September 30, 2019 and December 31, 2018
(Unaudited – Expressed in U.S. Dollars)
September 30, December 31,
2019
$
2018
$
 
ASSETS  
Current Assets  
Cash 72,358 114,281
Accounts receivable 1,232,949 2,491,233
Other receivables –  43,750
Prepaid expenses 193,028 390,968
Contract assets 722,683 722,683
Total Current Assets 2,221,018 3,762,915
Property and equipment 457,798 513,984
Intangible assets 49,476 61,347
Contract assets 722,683 1,264,695
Total Assets 3,450,975 5,602,941
LIABILITIES  
Current Liabilities  
Accounts payable and accrued liabilities 2,348,781 3,728,051
Deferred revenue 1,274,718 888,593
Debt 957,820
Current portion of lease obligations 349,292 679,647
Due to related parties 234,813
Total Current Liabilities 5,165,424 5,296,291
Deferred revenue 831,358 1,331,256
Lease obligations 115,894 150,632
Total Liabilities 6,112,676 6,778,179
STOCKHOLDERS’ DEFICIT  
Common stock, no par value, 300,000,000 shares authorized Issued and outstanding: 63,599,447 (2018 – 63,599,447) shares 7,670,975 7,670,975
Additional paid-in capital 2,009,497 1,955,222
Deficit (12,342,173) (10,801,435)
Total Stockholders’ Deficit (2,661,701) (1,175,238)
Total Liabilities and Stockholders’ Deficit 3,450,975 5,602,941

Company Contact
Russ Armbrust
CEO
VirtualArmour International Inc.
Tel (720) 644-0913
Email Contact

virtualarmour.jpg

Source: VirtualArmour International Inc.

[/cs_text][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][/cs_content][cs_content_seo]Download PDF
CENTENNIAL, Colo., Nov. 29, 2019 (GLOBE NEWSWIRE) — VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a premier cybersecurity managed services provider, reported results for the third quarter ended September 30, 2019. Financial results are in U.S. dollars, with comparisons made to the same year-ago quarter unless otherwise noted.
Q3 2019 Financial Highlights
Revenue for the quarter came in at $2.4 million.
Managed and professional services revenue increased 9.5% to $1.4 million, due primarily to the expansion and addition of clients signed under contracts over the last year.
Gross profit as a percentage of revenue increased to 29.8% from 26.4% due to a favorable shift in revenue mix to higher margin managed and professional services revenue.
Annual recurring revenue (ARR) totaled $4.7 million at September 30, 2019, up 12% from $4.2 million at September 30, 2018. The company defines ARR as the value of its service contracts normalized to a one-year period.
Q3 2019 Operational Highlights
Won a $330K contract with a Global Service Provider.  This opportunity will build on the almost $2M additional hardware, software and services deals that have been closed since January of 2019 for this customer.
Expanded opportunity with Global Satellite Company with a $245K gateway expansion project. This opportunity will build on the $1.7M additional hardware deals that have been closed in the first half of 2019 for this customer.
Was ranked Top 100 MSSP Globally by MSSP Alert’s Top 200 MSSP List.
Joined AT&T Cybersecurity Partner Program to Deliver 24/7 Cybersecurity Managed Services Across the Globe.
Signed two new channel partner as managed security service resellers that expands the range of service offerings to both companies allowing VirtualArmour to pursue opportunities across the US.
Q3 2019 Financial Summary
Revenue totaled $2.4 million in the third quarter of 2019. The improvement was due to managed and professional services revenue increasing 9.5% to $1.4 million while overall sales declined from $3.9 million vs. the same period a year ago due to lower product sales (hardware and software).
Cost of sales totaled $1.7 million in the third quarter of 2019 as compared to $2.9 million in the year ago quarter). The decrease in cost of sales was due primarily to a decrease in product cost of sales.
Gross profit was $0.7 million or 29.8% of revenue in the third quarter of 2019, as compared to $1.0 million or 26.4% of revenue in the year ago quarter. The increase in gross profit and gross profit as a percentage of revenue was due to a favorable shift in revenue to higher margin managed and professional services revenue.
Total expenses were $1.1 million in the third quarter of 2019, as compared to $1.1 million in the year ago quarter.
Net and comprehensive loss was $492,000 or $(0.01) per share in the third quarter of 2019, as compared to a loss of $165,000 or $(0.00) per share in the year-ago quarter. The loss was primarily due to lower gross profit reflecting the lower product sales and the increase in interest expense.
Cash totaled $72,000 at September 30, 2019, compared to $25,000 at June 30, 2019, with the increase primarily due to the collection of receivables.
Management Commentary
“In 2019, we saw our business shift from a focus on hardware sales to more services contracts. Q3 is the first time that we have seen our managed service and professional service revenue exceed our hardware/software revenue,” said 
Russ Armbrust, CEO of VirtualArmour. “VirtualArmour will benefit from this shift to managed services vs. third party resale, given rapidly growing, high margin, recurring revenues are highly attractive, thereby increasing valuation multiples. Consequently, enterprise value will increase as VirtualArmour continues to deemphasize the hardware/software resale business and continues to focus on expanding its managed service business.
“As part of the new alliance with AT&T Cybersecurity, the AlienVault Unified Security Management™ (USM™) platform will be integrated with VirtualArmour’s proprietary CloudCastr client portal. The integration of our platforms will further simplify and centralize threat management across our new and existing customers’ cloud and on-premise environments. Through this alliance, we also see a tremendous cross-selling opportunity to bring a unique combination of capability and value to our respective clients
“Subsequent to the quarter, we expanded upon an engagement with a global satellite company. This client has been a long-time customer of ours and exemplifies the type of customer we focus on as a cornerstone to our growth strategy. Through our partnership we have worked closely together to open gateways all over the globe enabling this satellite provider to become a pioneering force in networking and communications.
“Due to the continued growing threat of targeted breaches across all industries and business sizes, our outlook for the rest of 2019 and into 2020 remains very positive. We are seeing larger budgets being allocated to cyber protection as companies prepare for 2020 and beyond. We anticipate further revenue growth and margin expansion from our continued ramp up in sales of managed services, along with further penetration of new markets led by our growing sales, marketing, and service organization.”
Cybersecurity Outlook
Annual global cyber losses are expected to hit US$6 trillion by 2021, with cybersecurity spending projected to exceed a total of US$1 trillion for the five years leading up to 2021. This is according to a report from Cybersecurity Ventures that suggests the immediate costs of a cyberattack can be significant, but the damage to a business’s reputation could cost just as much or even more in the long term.
With the ever-increasing cybersecurity risks and regulations being introduced, business leaders are fast realizing that there is more to be protected and serious penalties for not complying. According to the Worldwide Security Spending Guide from International Data Corporation (IDC), worldwide spending on security solutions will achieve a compound annual growth rate (CAGR) of 9.2% over the 2018 to 2022 forecast period and total US$133.8 billion in 2022.
The report says worldwide spending on security-related software, hardware and services is forecast to reach $103.1 billion in 2019, an increase of 9.4% over 2018.
VirtualArmour is well positioned to capitalize on this growth opportunity and continues to deepen its penetration into the healthcare, financial, retail and service provider industries.
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.
VirtualArmour International Inc.
Interim Consolidated Statements of Operations and Comprehensive Loss
For the three and nine months ended September 30, 2019 and 2018
(Unaudited – Expressed in U.S. Dollars)
Three months ended
September 30
Nine months ended
September 30
2019
$
2018
$
2019
$
2018
$
 
 
Revenue
2,429,105
3,932,672
8,679,594
11,203,415
Cost of sales
(1,705,750)
(2,894,256)
(6,207,712)
(8,161,866)
Gross Profit
723,355
1,038,416
2,471,882
3,041,549
Expenses
 
 
General and administrative
452,492
478,108
1,742,458
1,426,305
Research and development
53,034
56,189
154,986
144,569
Sales and marketing
559,770
591,730
1,815,814
1,710,889
Total Expenses
1,065,296
1,126,027
3,713,258
3,281,763
Loss from Operations
(341,941)
(87,611)
(1,241,376)
(240,214)
Other Income (Expenses)
 
 
Change in fair value of warrant derivative liabilities



2,589
Interest expense
(150,096)
(77,804)
(299,362)
(174,201)
Net and Comprehensive Loss for the period
(492,037)
(165,415)
(1,540,738)
(411,826)
Loss per share – basic and diluted
(0.01)
(0.00)
(0.02)
(0.01)
Weighted average number of shares outstanding – basic and diluted
63,599,447
63,599,447
63,599,447
61,678,669
VirtualArmour International Inc.
Interim Consolidated Balance Sheets
As at September 30, 2019 and December 31, 2018
(Unaudited – Expressed in U.S. Dollars)
September 30,
December 31,
2019
$
2018
$
 
ASSETS
 
Current Assets
 
Cash
72,358
114,281
Accounts receivable
1,232,949
2,491,233
Other receivables
– 
43,750
Prepaid expenses
193,028
390,968
Contract assets
722,683
722,683
Total Current Assets
2,221,018
3,762,915
Property and equipment
457,798
513,984
Intangible assets
49,476
61,347
Contract assets
722,683
1,264,695
Total Assets
3,450,975
5,602,941
LIABILITIES
 
Current Liabilities
 
Accounts payable and accrued liabilities
2,348,781
3,728,051
Deferred revenue
1,274,718
888,593
Debt
957,820

Current portion of lease obligations
349,292
679,647
Due to related parties
234,813

Total Current Liabilities
5,165,424
5,296,291
Deferred revenue
831,358
1,331,256
Lease obligations
115,894
150,632
Total Liabilities
6,112,676
6,778,179
STOCKHOLDERS’ DEFICIT
 
Common stock, no par value, 300,000,000 shares authorized Issued and outstanding: 63,599,447 (2018 – 63,599,447) shares
7,670,975
7,670,975
Additional paid-in capital
2,009,497
1,955,222
Deficit
(12,342,173)
(10,801,435)
Total Stockholders’ Deficit
(2,661,701)
(1,175,238)
Total Liabilities and Stockholders’ Deficit
3,450,975
5,602,941
Company Contact
Russ Armbrust
CEO
VirtualArmour International Inc.
Tel (720) 644-0913
Email Contact
Source: VirtualArmour International Inc.virtualarmour.jpg[/cs_content_seo]

VirtualArmour Ranks as Top 100 MSSP Globally on MSSP Alert’s Top 200 List

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CENTENNIAL, Colo., Sept. 23, 2019 (GLOBE NEWSWIRE) — VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a premier cybersecurity managed services provider, has been named to MSSP Alert, published by After Nines Inc.Top 200 MSSPs list for 2019 at number 61.

The list and research identify and honor the top 200 managed security services providers (MSSPs) that specialize in comprehensive, outsourced cybersecurity services. The rankings are based on MSSP Alert’s 2019 readership survey combined with aggregated third-party research. MSSPs featured throughout the list and research proactively monitor, manage and mitigate cyber threats for businesses, government agencies, educational institutions and nonprofit organizations of all sizes. This year’s edition, at twice the size, reflects MSSP Alert’s rapidly growing readership and the world’s growing consumption of managed security services.

“It is a great achievement for VirtualArmour to be recognized and listed alongside many innovative and progressive global managed security services companies,” said VirtualArmour CEO,  Russ Armbrust. “As concerns around cybersecurity continue to gain consistent global attention, the demand for customizable solutions by enterprise clients has been growing exponentially. Our skilled teams and proprietary prevention technologies enabled us to capitalize on this global market opportunity, and we’re well positioned to grow with the accelerating market.”

“After Nines Inc. and MSSP Alert congratulate VirtualArmour on this year’s honor,” said  Amy Katz, CEO of After Nines Inc. “Amid the ongoing cybersecurity talent shortage, thousands of MSPs and IT consulting firms are striving to move into the managed security market. The Top 200 list honors the MSSP market’s true pioneers.”

MSSP Alert: Top 200 MSSPs 2019 – Research Highlights

The MSSP Alert readership survey revealed several major trends in the managed security services provider market. Chief among them:

 

  • The Top 5 business drivers for managed security services are talent shortages; regulatory compliance needs; the availability of cloud services; ransomware attacks; and SMB customers demanding security guidance from partners.
  • 69% of MSSPs now run full-blown security operations centers (SOCs) in-house, with 19% leveraging hybrid models, 8% completely outsourcing SOC services and 4% still formulating strategies.
  • Although the overall MSSP market enjoys double-digit percentage growth rates, many of the Top 200 MSSPs have single-digit growth rates because they are busy investing in next-generation services – including managed detection and response (MDR), SOC as a Service, and automated penetration testing.

 

About After Nines Inc.

After Nines Inc. provides timeless IT guidance for strategic partners and IT security professionals across ChannelE2E (www.ChannelE2E.com) and MSSP Alert (www.MSSPAlert.com).  ChannelE2E tracks every stage of the IT service provider journey — from entrepreneur to exit. MSSP Alert is the global voice for Managed Security Services Providers (MSSPs).

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. VirtualArmour’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 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, future interest in such lists, 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 because of new information, future events or results or otherwise, other than as required by applicable securities laws.

Company Contact
Russ Armbrust CEO
VirtualArmour International Inc.
Tel (720) 644-0913
Email Contact

virtualarmour.jpg

Source: VirtualArmour International Inc.

[/cs_text][/cs_element_layout_column][/cs_element_layout_row][/cs_element_section][/cs_content][cs_content_seo]Download PDF
CENTENNIAL, Colo., Sept. 23, 2019 (GLOBE NEWSWIRE) — VirtualArmour International Inc. (CSE:VAI) (OTCQB:VTLR), a premier cybersecurity managed services provider, has been named to MSSP Alert, published by After Nines Inc., Top 200 MSSPs list for 2019 at number 61.
The list and research identify and honor the top 200 managed security services providers (MSSPs) that specialize in comprehensive, outsourced cybersecurity services. The rankings are based on MSSP Alert’s 2019 readership survey combined with aggregated third-party research. MSSPs featured throughout the list and research proactively monitor, manage and mitigate cyber threats for businesses, government agencies, educational institutions and nonprofit organizations of all sizes. This year’s edition, at twice the size, reflects MSSP Alert’s rapidly growing readership and the world’s growing consumption of managed security services.
“It is a great achievement for VirtualArmour to be recognized and listed alongside many innovative and progressive global managed security services companies,” said VirtualArmour CEO, 
Russ Armbrust. “As concerns around cybersecurity continue to gain consistent global attention, the demand for customizable solutions by enterprise clients has been growing exponentially. Our skilled teams and proprietary prevention technologies enabled us to capitalize on this global market opportunity, and we’re well positioned to grow with the accelerating market.”
“After Nines Inc. and MSSP Alert congratulate VirtualArmour on this year’s honor,” said 
Amy Katz, CEO of After Nines Inc. “Amid the ongoing cybersecurity talent shortage, thousands of MSPs and IT consulting firms are striving to move into the managed security market. The Top 200 list honors the MSSP market’s true pioneers.”
MSSP Alert: Top 200 MSSPs 2019 – Research Highlights
The MSSP Alert readership survey revealed several major trends in the managed security services provider market. Chief among them:
 
The Top 5 business drivers for managed security services are talent shortages; regulatory compliance needs; the availability of cloud services; ransomware attacks; and SMB customers demanding security guidance from partners.
69% of MSSPs now run full-blown security operations centers (SOCs) in-house, with 19% leveraging hybrid models, 8% completely outsourcing SOC services and 4% still formulating strategies.
Although the overall MSSP market enjoys double-digit percentage growth rates, many of the Top 200 MSSPs have single-digit growth rates because they are busy investing in next-generation services – including managed detection and response (MDR), SOC as a Service, and automated penetration testing.
 
About After Nines Inc.
After Nines Inc. provides timeless IT guidance for strategic partners and IT security professionals across ChannelE2E (www.ChannelE2E.com) and MSSP Alert (www.MSSPAlert.com).  ChannelE2E tracks every stage of the IT service provider journey — from entrepreneur to exit. MSSP Alert is the global voice for Managed Security Services Providers (MSSPs).
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. VirtualArmour’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 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, future interest in such lists, 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 because of new information, future events or results or otherwise, other than as required by applicable securities laws.
Company Contact
Russ Armbrust
CEO
VirtualArmour International Inc.
Tel (720) 644-0913
Email Contact
Source: VirtualArmour International Inc.virtualarmour.jpg[/cs_content_seo]