Optic Security Group to provide trans-Tasman coverage
Six trans-Tasman security companies have merged into the Optic Security Group, Australia and New Zealand’s largest independent physical IT and information security group.
The new company has been created through the merger of Australia’s Securities and Security & Technology Services and Bemac with New Zealand’s Fortlock. Fortlock itself recently acquired IT companies Comsmart, Circuit Systems and SSL.
Separately, the six companies had combined revenues of over $100 million. The new entity will operate across the two markets, providing a fully converged IT security proposition.
Under the merger structure, the six entities will continue to operate as separate business units of the group, and each of these entities has become a significant shareholder in Optic Security Group.
Optic Security Group will be led by Group CEO Jason Cherrington, the former group chief executive of the Fortlock Group.
Cherrington said the merging companies have a vision to create a trans-Tasman security capability with full geographic coverage across both markets.
“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,” he said.
“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.”
A $10 million cybersecurity initiative has just been launched by the federal government.
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