Plurilock to Acquire Assets of CloudCodes Software

▤ Summary

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. 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. “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.” “We are pleased to join the Plurilock family of companies,” said Debasish Pramanik, co-founder of CloudCodes. “This transaction offers an opportunity to expand the use of our signature product in the North American market and join a fast-growing organization with deep security and IT expertise that is developing the next generation of cybersecurity solutions that can revolutionize the industry.” Once the Acquisition is completed, CloudCodes assets will be transferred into the Plurilock family of companies, under the guidance of Plurilock’s management team.

▦ Linked Companies

CloudCodes

$1M to $5M