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Wynyard continues expansion with US progression plans

Wynyard continues expansion with US progression plans

Security specialists signs a number of new contracts and contract extensions during the first half of the year, with more expected for 2015.

Security specialists Wynyard Group has signed a number of new contracts and contract extensions during the first half of the year, and expects to shortly conclude commercial negotiations for a significant national security solution to be delivered in 2H15.

Wynyard has also progressed its America’s expansion plan and is in the final stages of securing an important partner distribution agreement for Wynyard Advanced Crime Analytics solutions across the United States and global law enforcement markets.

Revealed to the New Zealand stock exchange, the company heads into the remainder of 2015 and beyond following a global growth strategy focused on delivering “market leading, high value” crime fighting software products that help solve and prevent serious organised and trans-national crime, financial crime and threats from new generation extremism and high consequence cyber crime.

Also, the company is expanding global sales and services operations and increasing company headcount from 228 to more than 330 full time employees by the end of 2015 while also building a global distribution network through leading systems integrators to increase Wynyard’s serviceable market and access to larger contracts.

Furthermore, Wynyard says it is extending its product leadership position with a new release of Wynyard Advanced Crime Analytics and the launch of Wynyard Advanced Cyber Threat Analytics in FY15.

At present, the company is currently on track to deliver on these objectives and based on its contracts secured to date and forward looking qualified sales pipeline, Wynyard currently expects revenue in the range of NZ$40 to NZ$45 million for FY15 - Wynyard reported revenue of NZ$26 million in FY14.

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