VirtualArmour Wins $3.7 Million Contract from Leading Medical Equipment Company
CENTENNIAL, Colo., July 24, 2018 (GLOBE NEWSWIRE) -- VirtualArmour International Inc. (CSE:VAI) (3V3:F) (OTCQB:VTLR), a premier cybersecurity managed services provider, has won a new contract with a leading medical equipment company to modernize its IT infrastructure across six global locations.
The contract includes $500,000 in professional services and $3.2 million in hardware and software, including technologies from Juniper Networks, Palo Alto Networks, Aruba and Opengear. Additional purchases to complete the installation are anticipated.
“This win is the culmination of the first phase of this project that actually began early last year,” said VirtualArmour’s chief architect, Tianyi Lu. “We have worked closely with this existing client every step of the way, from design, architecting, engineering and proof-of-concept testing to now implementation and migration.”
“The installation will feature cutting-edge network design, with a next-generation backbone and data center architecture designed to scale over the next 10 years,” added Lu. “We’re excited to work alongside our technology partners to create a modern network that we believe will be truly first-to-market.”
According to the customer’s principal network architect: “VirtualArmour has been a long-term trusted partner of our corporate IT team, and its experienced team of network designers and engineers really sets them apart. Their professional skills and deep knowledge of network technologies will continue to be instrumental in the success of this large undertaking of modernizing and rebuilding our worldwide network infrastructure.”
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.
Company ContactRuss ArmbrustCEOVirtualArmour International Inc.Tel (720) 644-0913 Email Contact
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