Aussie firm innovates for secure govt networks
Canberra-based firm Penten aims to take on the world with AltoCrypt Stik, an encrypted device for communicating on secure networks.
Penten is expecting to double its revenue and workforce over the coming 12 months through various initiatives, including the federal government’s just-announced IT procurement reforms.
The federal government will cap its IT contracts at $100 million and/or three years’ duration, to help SMEs to bid for components of large projects.
Penten CEO Matt Wilson said the procurement changes would enable the company to more successfully compete to try to win government business.
“Our offerings can be assessed on their merits and be the basis of the contract itself, rather than being part of a broader ICT capability being offered by a large company,” Wilson said. “This is what gives the direct economic and growth opportunities for SMEs.”
With a staff of 30, Penten has collaborated with Gloucestershire, UK-based company Amiosec to produce the AltoCrypt Stik, a USB device designed to be a highly portable, easy-to-use, secure mobility solution that provides government users with wireless access to sensitive networks both inside and outside of the office.
Minister Assisting the Prime Minister for Cyber Security Dan Tehan said Penten should act as an inspiration for other small Australian firms.
“While the focus of cybersecurity is keeping us safe, another key element of the government’s $230 million Cyber Security Strategy is ensuring Australians are best placed to take advantage of the world’s growing demand for better cybersecurity,” Tehan said.
“We are doing this through investing in the next generation of cybersecurity entrepreneurs and encouraging and helping businesses to seize the opportunities within the cybersecurity industry.
“The success of local cybersecurity firms should be inspiring to all Australians and send a message that Australians can be world leaders in cybersecurity.”
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