Move amalgamates six key trans-Tasman security companies
A new company set to become Australia and New Zealand’s largest independent and most technically advanced physical, IT and information security group has been launched, following a merger of six entities with combined revenues of some A$100 million.
Dubbed Optic Security Group, the firm will operate across ANZ and bring together the combined capability and expertise of primary security businesses, including Australian-based companies Securities and Security & Technology Services and Bemac, and New Zealand-based physical security company Fortlock, which recently acquired IT experts Comsmart, Circuit Systems and SSL.
“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,” said Optic Security Group CEO Jason 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.”
“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,” added Cherrington.
According to the Group, its members were selected over a 12-month period to ensure complementary capabilities in respect of geographic coverage and industry expertise, aligned to deliver a fully converged IT security proposition – a globally emerging trend that is driving industry growth by over 10%.