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Malware attack drives Christchurch-based Connexionz deeper into the red

Malware attack drives Christchurch-based Connexionz deeper into the red

Pipeline pressing Connexionz to increase capacity after Microsoft Azure shift

Malware attack costs smart transit systems developer Connexionz

Malware attack costs smart transit systems developer Connexionz

Credit: Dreamstime

The costs of a malware attack and restructuring deepened losses for Christchurch-based smart transit systems developer Connexionz in the half year to 30 September 2018.

In a report released last month, the company reported revenue down 11 per cent for the half to $1.25 million compared with the same half of 2017.

The loss before tax was $230,824, compared with $32,208 in the corresponding period in 2017.

"One-off expenses of $89,447 [were] incurred due to [a] malware attack and restructuring costs," the company reported. "Without these one off expenses the loss before tax as at the 30th September 2018 would have been reduced to $141,377."

However, the company noted there was a lot of work in the pipeline pressing it to increase capacity.

Connexionz, which is traded on the Unlisted share platform, also updated progress on its key US public transport projects.

The multi-state Valley Transit Real Time Passenger Information System and the California-based TriDelta AVL to Cellular contracts were close to completion with milestones completed contributing to a high Contract Income In Advance not recognised of $1,268,634.

Employee numbers grew with the hiring of two new software developers, one customer support employee and a US based support technician.

"The development team has been fully focused on delivering customer contracted functionality but there are two significant new capabilities that have been delivered under those contracts that will position the company for future growth: the Android based tablet application for driver interface and the new website supporting multiple agencies and trip planning," the report stated.

Work was ongoing to improve the manageability and resilience of internal and customer hosting networks.

Furthermore, migration of customer systems to Microsoft Azure has started, cloud back-ups are in place for internal systems and an upgraded firewall is being installed.

In October, Connexionz announced it had appointed Wayne Smith, formerly of Aeropath, as its new chief executive.

Smith has also held senior international roles with Airways, Thales and Hewlett Packard.


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