Wynyard Group has signed a global partnership deal with UK-based Arquebus Solutions to deliver gun crime intelligence software for the law enforcement market.
The Auckland-based security software company's shares are up 19 percent today on the news, recently trading at $2.98 just after 2.00 pm and have soared 110 percent in the past two weeks on optimism about the global growth prospects for its intelligence software.
The booming tech company's favourability has been likened to younger Palantir Technologies, the US-based intelligence gathering software developer, and is part of the security specialist tech stock in favour across all markets, Forsyth Barr analyst Blair Galpin said.
"Wynyard is part of the whole sector that's quite hot," and the shares could continue to rise up towards $4, Galpin said. "That's the sort of level people are talking about. There's still room to move in terms of how far it can go, who knows what these stocks might do."
Wynyard's crime analytics software collects and organises data from any source and uses algorithms to uncover people, relationships and events of interest.