Plurilock to Acquire Award Winning Cloud Security Provider CloudCodes Software

Victoria’s Plurilock Security is acquiring CloudCodes, an award winning cloud access security broker (CASB) based in India.

Plurilock is an identity-centric cybersecurity solutions provider for workforces.

Since 2011, CloudCodes has provided innovative cloud security SaaS solutions for protecting email and group collaboration platforms, offering single-sign-on (SSO), multi-factor authentication (MFA), and cloud data loss prevention (DLP) solutions.

Following the acquisition, CloudCodes’ existing customers will have access to a larger public organization with adequate financial resources, deep security, IT, AI capabilities and expertise, and the company’s world-class sales team while Plurilock will gain a larger market presence in the international cybersecurity space and enter the growing CASB segment.

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Plurilock will also adopt a technical product team of 27 and a new office in Pune, India to complement its office in Mumbai.

“The acquisition of CloudCodes provides us with an award-winning CASB solution with broad customer adoption across small, medium and large enterprises. Businesses, especially small businesses, continue to face security risks with workforces that are working in a post-covid, remote centric world, and it has never been more important to secure cloud resources such as corporate email and file sharing,” said Ian L. Paterson, CEO of Plurilock.

“This acquisition aligns with our commitment to becoming the premier cybersecurity solutions provider in the market, acquiring critical technology to enhance organizations’ zero trust architecture. We are looking forward to adding the CloudCodes product to our robust product portfolio and integrating their staff into our growing team, as we continue to develop cutting edge technology that empowers organizations to operate safely and securely while reducing friction for users.”

As a result, it is expected that the acquisition will accelerate Plurilock’s sales growth and cement the Company’s position in the growing zero trust market.