cl-nz logo
Story image

Arrow and RiskIQ sign A/NZ distribution agreement

02 Jul 2020

Arrow Electronics has today confirmed its distribution agreement with RiskIQ, a risk management and surface-based security company, to serve the Australia and New Zealand channel.

RiskIQ’s Illuminate platform leverages discovery, intelligence and mitigation of threats, providing organisations with insight and control over web, social and mobile exposures. 

The platform also combines internet data reconnaissance and analytics to understand digital attack surfaces, assess risk, and take action to protect the business, brand, and customers. 

“At Arrow we are focused on helping our partners have access to best-in-breed technology and market-leading solutions as the security threat landscape continues to shift and evolve,” says Arrow general manager of enterprise computing solutions Andrew Assad. 

“Our teaming with RiskIQ offers the A/NZ channel access to their innovative approach to solving contemporary security challenges, which are being experienced across a range of industries and organisations.”
The collaboration between the two companies is symptomatic of the rising cyber threats in the wake of the COVID-19 pandemic.

“So far in 2020, we’ve seen several high-profile cyber-attacks in the region on both public and private sector organisations” says RiskIQ vice president of Asia Pacific Terrie Anderson.

“Organisations today must focus on external cyber threats as much as they do on perimeter security and bringing visibility and management to their external attack surface is core to RiskIQ's solution. 

“We are delighted to be able to expand our footprint across A/NZ with the help of Arrow and its strong partner network.”

The announcement today was one of several recent key developments from Arrow.

The company signed a distribution deal with SecureAuth last month, enabling Arrow to provide an advanced solution for public and private sectors delivering secure access to systems, applications, and data.

Arrow has also seen changes to its executive team: At the end of June 2019, A/NZ enterprise computing software solutions managing director Nick Verykios stepped down from his role.

In his place, the company appointed Andrew Assad as A/NZ general manager; Lisa Stockwell as vendor alliance director; and a role expansion for finance director Andrew Vaughan.

Another recent development for the company came in the form of financial results for the 2019 financial year, released yesterday, which saw the company boost profits but falter on overall revenue.

After income tax expenses, FY19 profit reached NZ$1.8 million, compared to $1.2 million in the year prior, while reported revenue was $3.3 million after deducting the cost of goods sold in FY19, a slight drop from $3.5 million in FY18.

“The principal activities of the company during the financial year were the distribution of computerised security, storage, and unified telecommunications systems,” the official financial statements note.

Story image
Westcon Group reaps $221.5m revenue
Westcon Group New Zealand’s financial statement reveals revenue of $221.5 million for the year ended 29 February 2020, with after-income tax profit grossing $2.7 million. Both revenue and profit are up from the 2019 year, in which revenue was $211.6 million and after-income tax of $1.6 million. The company’s revenue comes from sales of goods, sales of service, and commission received from the sale of maintenance service. Sales of goods for the 2020 year totalled $216.7 million, up from $206.8 million in 2019. Additionally, revenue resulting from sale of service totalled $883,606 – up from $861,358 in 2018. Commission received from sale of maintenance service topped $3.89 million, a drop of only a few thousand dollars compared to 2019 figures. Westcon’s purchases for the 2019 cost $202.7 million, up from $194 million in 2019. Employee benefits expense cost $12.7 million, up from $12.6 million in 2019. The company paid no dividends for the financial period. There are 1000 ordinary shares in the market. Referencing the COVID-19 pandemic, the financial statement says that it is not possible to estimate the short- and long-term effects of the economic impact. “This being the case we do not consider it practicable to provide a quantitative or qualitative estimate of the potential impact of this outbreak at this time.” *Some figures have been rounded.More
Download image
Take security awareness training to the next level
Decision makers say leaders are normalising security, but employees say they're wrong.More
Story image
Hands-on review: Samsung QLED 8K 950TS TV
As a person who has mostly only interacted with mid-range televisions throughout the years, the features of this TV have combined to create a home viewing experience that knocks every other TV I’ve watched out of the park.More
Story image
Barhead invited to Microsoft 20/21 Inner Circle
This recognition of an invitation to the Inner Circle for Microsoft business applications is based on sales achievements and customer success.More
Link image
The positively disruptive potential of Open Banking
There are five Open Banking building blocks that can empower your business users with agility and self-service data access. Here's how to use them.More
Story image
Kiwi-born supply chain company makes waves in USA
Flintfox has been named Retail Partner of the Year by Microsoft US for outstanding sales achievement and innovation.More