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​Wynyard signs $4.5 million agreement with national security agency

​Wynyard signs $4.5 million agreement with national security agency

“Governments around the world are increasingly concerned by organised crime..."

Craig Richardson - CEO, Wynyard Group

Craig Richardson - CEO, Wynyard Group

Wynyard Group has entered into an agreement to provide a national security agency with software to counter terrorism and help protect high value assets.

The software solution will be implemented by a multi-national systems integration partner and has a minimum total contract value of $4.5 million over the initial three year term.

“Governments around the world are increasingly concerned by organised crime, new generation extremist and never-before-seen cyber threats which continue to grow in frequency and severity,” says Craig Richardson, CEO, Wynyard Group.

“Agencies are investing in our advanced analytics capability to rapidly process and analyse structured and unstructured big data from many different sources to surface actionable intelligence so they can target investigations on countering terrorism and preventing high consequence crime.”

Richardson says the security solution for the national security agency will include Wynyard's Advanced Crime Analytics and Investigations Case Management applications working across a multi-lingual environment, analysing data from many sources to rapidly reveal critical information.

The news comes days after the company announced plans to raise $30 million, pending on shareholder approval at a special meeting set for December 11.

“The purpose of the special meeting is to request shareholder approval to issue up to 15 million ordinary shares over the next 12 months at a minimum issue price of $2.00 per share,” the company announced via the NZX.

“This would raise $30 million if all shares were issued at the minimum price.”

This follows positive feedback from institutional investors and high-net-worth individuals in Australia and the U.S., after a roadshow conducted at the end of October.

Richardson says the roadshow was in response to a number of inbound enquiries from overseas institutional investors interested in Wynyard’s story and keen to better understand the company’s growth prospects.

At this stage, Wynyard’s FY15 revenue guidance remains unchanged in the range of $40-45 million and the company will continue to update the market in the lead up to the end of the year.

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