Security Market Segment LS
Tuesday, 04 December 2018 12:35

Optic Security a new player in ANZ digital security market Featured

By
Jason Cherrington, Optic Security Jason Cherrington, Optic Security

IT security company Optic Security Group has launched in the Australian and New Zealand markets following a merger of six entities with combined revenues in excess of $100 million into a newly-formed entity.

The new company will operate across ANZ and says it will bring together the combined capability and expertise of industry-leading security businesses.

The new entity includes Australian-based companies Securities and Security & Technology Services and Bemac, and New Zealand-based physical security company Fortlock that recently acquired IT experts Comsmart, Circuit Systems and SSL.

Optic Security will be led by group chief executive, Jason Cherrington, who says, “We are all living in a more connected world, where organisations are operating in an environment with increasing security demands, more volatility and more complexity.

“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.

 “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.”

Cherrington said the new company would immediately be able to provide additional services to the existing customers of the companies under the Optic Security umbrella, and 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 cyber security assessment.

Optic Security is billing itself as “Australia and New Zealand’s largest independent and most technically advanced physical, IT and information security group”.

Chris Giufre, managing director of New Zealand investment firm Ascentro Capital Partners, co-founded the Optic Security Group with Cherrington, and both founders will join the existing shareholders of the six businesses on the Optic shareholder register and become members of the board.


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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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