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Investing.com -- VirnetX Holding Corporation (NASDAQ:VHC) stock rose 2.9% in after-hours trading Thursday after the cybersecurity company announced it has been awarded a General Services Administration Multiple Award Schedule contract.
The GSA Schedule designation makes VirnetX an approved technology provider for federal, state, and local government agencies, allowing them to access the company’s cybersecurity and secure communications solutions under pre-negotiated terms and pricing.
This contract vehicle simplifies procurement for U.S. agencies seeking VirnetX’s technologies, including its VirnetX Matrix and War Room platforms, which are designed to secure real-time communications and command networks across multi-domain environments.
"Being awarded a GSA Schedule contract is a major step forward for VirnetX," said Kendall Larsen, CEO and President of VirnetX. "It validates our commitment to delivering trusted, cybersecurity solutions to government agencies seeking unbreachable, managed attribution technology."
The company described the award as a milestone in its strategic evolution toward government and defense partnerships, building upon recent security accreditations and expansion into Digital Engineering and Cyber Threat Intelligence services.
VirnetX, which markets itself as a global leader in secure communications and zero-trust cybersecurity solutions, will now be positioned to collaborate on defense initiatives and bid on government contracts to support various government agencies.
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