Menu
​Telstra acquires security analytics capabilities of failed NZ firm

​Telstra acquires security analytics capabilities of failed NZ firm

Telco takes control as Wynyard Group sheds security assets.

Telstra has acquired the assets of New Zealand security analytics provider, Cognevo, taking advantage of parent company Wynyard Group being placed into administration.

Having previously been a customer of Cognevo - under its previous trading name of ACTA - the Australian telco giant now expects a deal to be completed “in the next 10 days”.

After rebranding in September 2016, Cognevo has forged a reputation as being a leading security analytics and discovery software provider, working closely with managed security service providers (MSSP) across New Zealand.

Revealed by Wynyard Group administrators, Grant Graham and Neale Jackson, the sale of the Cognevo business division represents a “significant part of Wynyard's operations”.

“The agreement involves the sale by each of Wynyard (NZ) Limited (Administrators Appointed), Wynyard (Australia) Pty Limited (Administrators Appointed) and Wynyard (UK) Limited (In Administration) of their respective interests in the business and assets of the Cognevo business division,” a statement on the New Zealand Stock Exchange read.

“It remains subject to a number of termination rights, with the sale expected to be completed in the next 10 days.

“The administrators are working through the options for the remainder of the business but it is already apparent that there will not be any returns for shareholders arising from the administration.”

Cognevo security analytics solution use machine learning technologies and advanced analytic techniques, specifically targeting business customers.

“Telstra is an existing Cognevo customer and we are acquiring the assets to further enhance the capabilities of our managed security services offer for customers in Australia and globally,” a Telstra statement confirmed.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags TelstraanalyticsWynyard GroupCognevo

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments