Join our daily newsletter At The Bell to receive exclusive market insights
- Cirrus (CNW) signs a partnership with Gigamon to provide managed security services to governments and large enterprises in Australia
- Cirrus’ three-year partnership with the global IT cloud security company follows a six month period during which both parties assessed the potential of a longer-term relationship
- The new security offering acquires, transforms and processes data, resulting in a more time-efficient and cost-effective cyber security service
- Cirrus says the solution is unique in that its able to access data in motion from any source, before optimising it by as much as 66 per cent and fully integrating it into private or public cloud services
- Company shares are up 3.4 per cent to 2.9 cents at market close
Cirrus (CNW) has signed a partnership with Gigamon to provide managed security services to governments and large enterprises.
Cirrus’ partnership with the global IT cloud security company follows a six month period during which both parties assessed the potential of a longer-term relationship.
The three-year partnership will initially target the government, mining, financial and education sectors with an expected excess of $4 million in revenue per annum.
The new security offering acquires, transforms and processes data, resulting in a more time-efficient and cost-effective cyber security service.
The company says the solution is unique in that it’s able to access data in motion from any source, before optimising it by as much as 66 per cent and fully integrating it into private or public cloud services.
Cirrus CEO and Managing Director Chris McLaughlin says the agreement will expand the company’s cyber security capability in an increasingly sophisticated online environment.
“We chose Gigamon because of its global market leadership and reputation in cyber security, combined with the technology to cut down the noise and ensure a more targeted response to online vulnerabilities,” Mr McLaughlin said.
Gigamon Head of Channel ANZ Kenneth Cartwright says Cirrus is the perfect long-term partner to expand their customer footprint.
“While Gigamon brings enhanced cyber visibility and security resilience to the partnership, Cirrus brings the proven track record and business relationships with government and private enterprise, across some of the more complex industry sectors, including financial services, healthcare, defence and supply chain,” Mr Cartwright said.
The initial focus will begin in the Australian Capital Territory before expanding into Victoria and Western Australia.
Company shares are up 3.4 per cent to 2.9 cents at market close.
