SecurityBrief New Zealand - Technology news for CISOs & cybersecurity decision-makers
Story image
CyberCX acquires Kiwi company Insomnia Security as part of expansion into NZ
Fri, 4th Sep 2020
FYI, this story is more than a year old

CyberCX has today announced its acquisition of New Zealand-based cybersecurity company Insomnia Security.

It comes only two weeks after CyberCX launched in New Zealand, indicating the company's intentions in asserting itself as a leading security player in the country. CyberCX covers a range of security offerings including managed security services, risk and compliance analysis, incident response and more.

“Insomnia Security provides CyberCX with a significant enhancement to our security testing expertise and a major boost to our trans-Tasman capability,” says CyberCX chief executive officer John Paitaridis.

“The Insomnia Security team has a global reputation, specialising in offensive security testing services.

“With a customised client-focused approach, Insomnia Security identifies key cyber threats and works strategically with organisations to contain cyber threats before they become a serious breach.

Founded in 2007 and with offices in Auckland, Wellington and Melbourne, Insomnia Security provides services to secure their organisations' critical networks and digital assets, specialising in offensive security testing services.

“We are delighted to join CyberCX”, says Insomnia Security managing director Brett Moore.

“What CyberCX is building is truly unique – New Zealand's most formidable force of cybersecurity professionals.

“A world-class cybersecurity capability with a dedicated trans-Tasman focus. We are very proud to be part of it.

Moore says Insomnia Security will bring another dimension to CyberCX New Zealand's capability.

“CyberCX brings greater reach and scale to the work we do at Insomnia,” he says.

“Whether adversary simulation, penetration testing, mobile or cloud security, we look forward to continuing to deliver highly valued security services to our customers.

“CyberCX's unique, sovereign and end-to-end cybersecurity offering will supercharge our growth in New Zealand and international markets and expand our ability to protect the region from malicious cyber threats.

 CyberCX CEO John Paitaridis believes their customers benefit by having trusted security partners with global expertise.

“We differentiate from the multi-national security firms who talk a big game but typically provide their services from offshore locations with limited understanding of our local industries and requirements,” says Paitaridis.

“At CyberCX we don't believe that is good enough for New Zealand organisations.

“We are a proudly sovereign organisation, with a core mission to protect and defend Australian and New Zealand businesses and government organisations from sophisticated cyber threats.

The announcement of the Insomnia Security acquisition follows the recent launch of CyberCX New Zealand, which includes a stage one plan to invest more than $30 million into the local New Zealand cyber market.

“Our mission is to build a New Zealand workforce with the best cybersecurity talent the market has to offer and deliver exceptional customer experience,” CyberCX New Zealand's CEO Grant Smith.

“With the Insomnia Security team joining CyberCX, we've made a significant step forward towards this goal.

“We are committed to continued investment in the local New Zealand cybersecurity market and are keen to hear from cybersecurity professionals who are looking for an exciting career and want to join the country's leading cybersecurity services organisation.