Wynyard inks $27 million deal with national security bureau
Kiwi security software firm Wynyard Group has entered into a conditional agreement with an unnamed national security bureau worth $27 million over the next three years.
The Auckland-based company will provide its security solutions, which include crime analytics and investigations case management applications, to help the bureau solve high consequence crime, security and big data problems.
The agreement is conditional on the partner confirming it has completed specific commercial agreements with the end user.
According to a company statement, Wynyard’s software will be implemented with a systems integrator, and is conditional on the partner completing specific commercial agreements with the end user.
Wynyard CEO Craig Richardson says law enforcement, border control and national security agencies deal with countless potential threats that Wynyard’s products help manage and solve.
“Identifying which threats present the greatest risk, ranking them and deploying resources to mitigate them is a daunting challenge for our customers,” Richardson says .
“The combined power of our Advanced Crime Analytics and Investigations Case Management software platform helps customers solve these high consequence crime, security and big data problems.”
The conditional agreement follows last month’s announcement that the company’s shareholders passed a resolution that will allow the group to raise $30 million from investors following its roadshow in October.
The company also announced several key appointments to support its expansion into the U.S and Canada.