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CLIENT FEATURE: VirtualArmor (VAI: CSE) With Huge Annual & Quarterly Revenue Growth $VAI.ca

Posted by AGORACOM-JC at 11:19 AM on Thursday, May 26th, 2016

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(VAI: CSE), (3V3: Frankfurt)

Highlights

 

  • 2015 Revenues $USD 7.36M, Up 53% Over Previous
  • Q4 2015 Revenue $USD 2.49M, Up 101% Over Previous
  • Real Customers

The Opportunity

  • 44% of security leaders expect a major cloud provider to suffer a significant security breach
  • 83% Of enterprises have difficulty finding the security skills they need
  • 3.8 Million Average cost of a data breach in 2015(Ponemon Institute May 2015)
  • #1 CIO priority in 2015 is security (Piper Jaffray CIO Survey)
  • $75 Billion Projected global spend on data security in 2015 (Gartner)
  • 75% of Of IT leaders planned to increase security budgets in 2015(Piper Jaffray CIO Survey)

Recent Interview

Stock Chart

Hub On AGORACOM / Corporate Profile

VIDEO – VirtualArmor Discusses Huge Revenue Growth In Cyber Security $VAI.ca

Posted by AGORACOM at 3:39 PM on Sunday, May 22nd, 2016

This is one of the best new clients AGORACOM has presented to members in years. Highlights include as follows:

  • 2015 Revenues .. $USD 7.36 Million … Up 53%
  • Q4 Revenues … $USD 2.49 Million … Up 101%
  • Tier-1 Customers … Adobe, Tyson Foods, FMC Technologies and many more
  • Tier-1 Partners … IBM Security, Juniper Networks, Verisign and many more

Managed Cybersecurity is an industry that is going to grow for years and VirtualArmor provides small cap investors with an opportunity to invest at a very early stage.

AGORACOM Welcomes VirtualArmor (VAI: CSE) With 2015 Revenues of $USD 7.36M, Up 53% Over Previous $VAI.ca

Posted by AGORACOM-JC at 8:44 AM on Thursday, May 19th, 2016

  • 2015 Revenues $USD 7.36M, Up 53% Over Previous
  • Q4 2015 Revenue $USD 2.49M, Up 101% Over Previous
  • Real Customers

DISCOVER VIRTUALARMOR $VAI:CNX RIGHT NOW BEFORE EVERYONE ELSE DOES

The Opportunity

  • 44% of security leaders expect a major cloud provider to suffer a significant security breach
  • 83% Of enterprises have difficulty finding the security skills they need
  • 3.8 Million Average cost of a data breach in 2015(Ponemon Institute May 2015)
  • #1 CIO priority in 2015 is security (Piper Jaffray CIO Survey)
  • $75 Billion Projected global spend on data security in 2015 (Gartner)
  • 75% of Of IT leaders planned to increase security budgets in 2015(Piper Jaffray CIO Survey)

A pre-built, pre-validated path to private cloud infrastructure powered by NFV.

  • Network function virtualization (NFV) has emerged as the key to bringing automation and greater agility to service provider and enterprise clouds.
  • VirtualArmor has created a proven, accelerated path to turnkey private cloud infrastructure through a pre-built, pre-validated solution.

What’s the Advantage?

  • A pre-validated, pre-built private cloud stack
  • Based on recommended architecture
  • Built on top of networking, storage, computer and security brands.
  • Ready to demo, sell and deploy—customized to enterprise needs

 

Datacenter Solutions

  • VirtualArmor works with Juniper Networks to provide high-performance datacenter networks and architectures that work

Cloud Security Solutions

  • How many cloud applications are in use in your environment? Is sensitive data being moved into non-sanctioned cloud applications?

Routing and Switching

  • General connectivity and networking services have become critical in today’s business world, with information and resources required to

Visibility

  • Security products and practices are only the first part of overall, comprehensive security. Network- and security-related devices can produce

Security Intelligence Solutions

  • One key to effective information security is visibility—who is accessing what, when and where; knowing what is normal behavior and identifying

Virtualization Solutions

  • Network function virtualization (NFV) technologies are enabling service providers and enterprises to deliver new services faster on a simpler…

Mobility

  • Secure access to enterprise resources from anywhere, anytime is a requirement for organizations of all sizes. This leads to the challenge of

Security

  • As enterprises continue to expand their information footprint, the traditional security “perimeter” has dissolved. Information needs to be

Team

Hub On AGORACOM / Corporate Profile / Read Release

VirtualArmor Closes USD $330,000 Hardware and Software Order From a Leading American University Hospital Group $VAI.ca

Posted by AGORACOM-JC at 8:12 AM on Wednesday, May 18th, 2016

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  • Announced that it has closed USD $330,000 in hardware, software and professional services sale to a major university hospital in the U.S
  • This leading university hospital has purchased various network solutions from our organization in the past and given the need to update their existing security platform, they have decided to purchase a new best of breed firewall system and deployment services from us for a total of USD $330,000,” said Matthew Brennan, Vice President of Sales.

VirtualArmor Closes USD $330,000 Hardware and Software Order From a Leading American University Hospital Group

VANCOUVER, May 18, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) is pleased to announce that it has closed USD $330,000 in hardware, software and professional services sale to a major university hospital in the U.S.

“This leading university hospital has purchased various network solutions from our organization in the past and given the need to update their existing security platform, they have decided to purchase a new best of breed firewall system and deployment services from us for a total of USD $330,000,” said Matthew Brennan, Vice President of Sales. “We are pleased to see that leading organizations entrust in us to make upgrades to their security posture. As the demand for heightened network security measures continues to rise, we expect to see companies from every vertical constantly invest resources in updating their current infrastructure to include leading technologies that are shaping the cybersecurity industry.”

About VirtualArmor

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/.

Forward-Looking Information:

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 VirtualArmor

Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, todd.kannegieter@virtualarmor.com; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, bpedram@virtusadvisory.comCopyright CNW Group 2016

VirtualArmor Receives USD $450,000 Contract Under Its Managed Services Platform From a Leading Specialty Finance Company $VAI.ca

Posted by AGORACOM-JC at 8:12 AM on Wednesday, May 11th, 2016

  • Received an order for USD $450,000 under its managed services platform from a leading specialty finance company
  • Agreement is for an initial term of three years with the option to extend paid in equal monthly payments.

VANCOUVER, May 11, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) is pleased to announce that it has received an order for USD $450,000 under its managed services platform from a leading specialty finance company. The agreement is for an initial term of three years with the option to extend paid in equal monthly payments.

“We continue to see our recurring revenue managed security services platform gaining traction amongst leading multinational companies that are looking to protect their network from everyday threats,” said Matthew Brennan, Vice President of Sales at VirtualArmor. “Under the agreement, this leading brand will pay a monthly fee of $12,500 for a period of three years, with the option to extend, to have our expert staff provide security intelligence to strengthen their overall cybersecurity posture. In addition, the client spent approximately USD $100,000 in hardware and professional services with us prior to commencing the managed services program.”

“Our managed services platform serves as a source of predictable cash flow as we are engaged for a minimum of three years with every customer, with our longest standing customers having been with us for 10 years,” continued Matthew Brennan. “As cybersecurity threats continue to rise for companies of all sizes, we anticipate our managed services platform will provide a growing base of revenue for our company, while our hardware sales component serves as an entry point with future customers looking to secure every aspect of their network with leading cybersecurity solutions.”

About VirtualArmor

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/.

Forward-Looking Information:

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 VirtualArmor

Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, todd.kannegieter@virtualarmor.com; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, bpedram@virtusadvisory.comCopyright CNW Group 2016

VirtualArmor Is The Small Cap Tech Discovery Of The Year: Revenues, Customers, Growth $VAI.ca

Posted by AGORACOM at 9:40 AM on Thursday, April 28th, 2016

NEVER HEARD OF VIRTUALARMOR? EITHER DID WE … NOW WE HAVE … AND SO SHOULD YOU … HERE’S WHY …

* 2015 Revenues $USD 7.36M, Up 53% Over Previous

* Q4 2015 Revenue $USD 2.49M, Up 101% Over Previous

* Real Customers

DISCOVER VIRTUALARMOR $VAI:CNX RIGHT NOW BEFORE EVERYONE ELSE DOES …. GO TO AGORACOM PROFILE PAGE

 

VirtualArmor Posts 2015 Revenue Growth of 53% Year over Year to over USD $7,000,000 (CAD $10,000,000) $VAI.ca

Posted by AGORACOM-JC at 5:12 PM on Tuesday, April 26th, 2016

Vai_hub_logo_large_copy

2015 Revenue Growth of 53% Year over Year to over USD $7,000,000 (CAD $10,000,000)

2015 Financial Highlights

  • Total revenue for 2015 increased by 53% to $7,366,309 compared to $4,813,410 in 2014. The increase in revenue was directly related to a significant increase in the number of customers being served.
  • Hardware and software sales revenue increased by 69% to $5,780,084 in 2015, compared to $3,417,928 for in 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from new and existing customers.
  • Managed and professional services revenue increased by 14% to $1,576,965 in 2015, compared to $1,378,386 in 2014.

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VANCOUVER, April 26, 2016 – VirtualArmor International Inc. (“VirtualArmor” or the “Company“) (CSE: VAI) today announced fourth quarter (Q4) financial results for the three and twelve-month period ended December 31, 2015. All figures are in USD.

“2015 was a year of market expansion as we saw our top line grow by 53% over the previous year while continuing to partner with leading cyber security technology providers and increasing our customer base to include leading enterprises,” said Todd Kannegieter, CEO of VirtualArmor. “The revenue growth we saw over the past year was driven primarily by an increase in hardware/software sales to new customers as well as existing ones that upsized their orders. In addition, our managed services platform which serves as a source of multi-year recurring revenues saw an increase of 35% in monthly contractual billings at year-end 2015 vs. 2014 as initial product sales turned into three plus year contracts to manage the solutions purchased.”

“Looking forward into 2016, our company has a clear focus to continue partnering with leading cyber security technologies and expanding our sales channel to support incremental revenue growth across all of our business lines,” continued Todd Kannegieter. “In addition, we will continue scaling our hardware/software sales and increase our high margin managed services to become a larger percentage of overall revenues, and ultimately the main driving force to our bottom line.”

“Lastly, during the third quarter of 2015 we began trading on the Canadian Securities Exchange and in doing so incurred a onetime listing expense of $4,166,285 which was the primary contributor to our net loss for the year,” said Todd Kannegieter. “In the coming quarters we anticipate this figure to normalize to better reflect our core earnings power as a business.”

Fourth Quarter Financial Highlights

  • Total revenue for Q4 2015 increased by 101% to $2,492,695, compared to $1,236,528 in Q4 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from existing customers.
  • Hardware and software sales revenue increased by 137% to $2,077,923 in the quarter ended December 31, 2015, compared to $877,379for in 2014.
  • Managed and professional services revenue increased by 16% to $413,956 in the quarter ended December 31, 2015, compared to$355,428.
  • Net income and comprehensive income for Q4 2015 was $915,230 as compared to a net loss of $31,433. The increase in net income is due to a gain on the fair value of a warrant derivative liability.
  • As at December 31, 2015, the Company’s cash balance was $250,812 compared to $95,978 as at December 31, 2014.

2015 Financial Highlights

  • Total revenue for 2015 increased by 53% to $7,366,309 compared to $4,813,410 in 2014. The increase in revenue was directly related to a significant increase in the number of customers being served.
  • Hardware and software sales revenue increased by 69% to $5,780,084 in 2015, compared to $3,417,928 for in 2014. The increase in revenue was due to an increase in the number of customers served as well as the size of orders from new and existing customers.
  • Managed and professional services revenue increased by 14% to $1,576,965 in 2015, compared to $1,378,386 in 2014.
  • The Company recorded a net loss of $3,403,391 (0.09 per share) for the year ended December 31, 2015 as compared to net income of$122,944 (0.00 per share) for the year ended December 31, 2014. The table below details certain non-cash and other transactions that for the purposes of this discussion have been adjusted out of the reported loss to produce an adjusted loss that forms a better basis for comparing the year-over-year operating results of the Company.
2015$ 2014$
(Loss) income for the year as reported (3,403,391) 122,944
Add (deduct):
Listing expense 4,166,285
Change in fair value of warrant derivative liabilities (1,169,751)
G&A expense – share-based compensation 399,674 17,914
Adjusted (loss) income for the year (1) (7,183) 140,858
(1) Adjusted loss for the year is not a term recognized under IFRS. Non-IFRS measures do not have a standardized meaning. Accordingly, non-IFRS measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Operational Highlights:

  • During the quarter, the Company:
    • Commenced trading on the CSE under the symbol VAI.
  • Subsequent to the quarter, the Company:
    • Closed approximately $2,400,000 USD in orders over a 90 day period beginning December 1st, 2015.
    • Reduced shares outstanding with the voluntary escrow of free trading shares and canceled a previously announced private placement due to a favourable exercise of warrants.
    • Added three leading cybersecurity solutions to managed services platform.

About VirtualArmor
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/.

Forward-Looking Information:

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

Company Contact: Todd Kannegieter, President and CEO, Office: 720-961-3304, todd.kannegieter@virtualarmor.com; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, bpedram@virtusadvisory.comCopyright CNW Group 2016