Story image

Mega-merger aligns physical & digital security across A/NZ

04 Dec 2018

Optic Security Group is the name of one of A/NZ’s latest mega-mergers in the physical and digital security space, bringing combined revenues in excess of A$100 million to the table.

The new company brings together six companies from both Australia and New Zealand. They include Australia’s Securities and Security & Technology Services and Bemac, as well as New Zealand physical security firm Fortlock. Fortlock recently acquired IT firms Comsmart, Circuit Systems, and SSL.

Optic Security Group CEO Jason Cherrington will lead the new firm, alongside a senior team that brings international experience and sector expertise.

“Safeguarding people, information and technology has become much more complex and this rapidly changing risk profile is making the need to protect critical infrastructure against both physical and digital threats an absolute imperative,” says Cherrington.

“The formation of the Optic Security Group will enable us to meet the needs of customers as converging security requirements grow and become more complex, be they physical or digital. These threats are now exposing Directors to a complex liability that if not mitigated successfully lead to significant financial, criminal and brand damaging outcomes that Boards have to be fully aware of, and then protected against. That’s our purpose.”

Optic Security Group will also utilise its 200-strong workforce across 10 locations to serve the needs of 1000 existing customers, with expansion on the cards.

“We also had a particularly clear vision to create a trans-Tasman capability that has full geographic coverage across both markets and depth in technical and industry expertise to tackle these emerging challenges and deliver appropriate solutions to our customers – now achievable with a scale presence in both Australia and New Zealand,” says Cherrington.

Cherrington and cofounder Chris Guifre, who is also managing director of Ascentro Capital Partners, will join the six businesses’ existing shareholders. They will also become members of the board.

“The new company will immediately be able to provide additional services to the existing customers of the companies under the Optic Security umbrella. The company will also partner with other leading players in the market such as the Cyber Audit team in Australia who provide independent information security and cybersecurity assessment,” says Cherrington.

Optic Security Group members were selected over a 12-month period to ensure complementary capabilities in respect of geographic coverage and industry expertise. 

The selected companies’ market reputations and strategic aspirations are also aligned to deliver clients a fully converged IT security proposition – a globally emerging trend that is driving industry growth by over 10%.

BMC adds IBM Cloud, Watson to Helix solution
BMC Helix with IBM Watson delivers cognitive insights across structured and unstructured federated knowledgebases.
Used device market held back by lack of data security regulations
Mobile device users are sceptical about trading in their old device because they are concerned that data on those devices may be accessed or compromised after they hand it over.
NZ Cricket ups data analytics game with Qrious
The Black Caps and White Ferns have implemented a data and analytics solution from Qrious to monitor and improve game strategy and player performance.
Gartner: Smartphone biometrics coming to the workplace
Gartner predicts increased adoption of mobile-centric biometric authentication and SaaS-delivered IAM.
IDC: A/NZ second highest APAC IoT spenders per capita
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.
Gartner names ExtraHop leader in network performance monitoring
ExtraHop provides enterprise cyber analytics that deliver security and performance from the inside out.
Palo Alto releases new, feature-rich firewall
Palo Alto is calling it the ‘fastest-ever next-generation firewall’ with integrated cloud-based DNS Security service to stop attacks.
Six barriers to efficient print and scan environments
Despite the promises of ‘paper-free’, printing remains an important aspect of many organisations, and one of the likeliest areas to lose control.