New Zealand cyber-security firm Mako Networks says a deal it has struck with Australia's biggest telecommunications provider is potentially worth tens of millions of dollars and will greatly expand its reach across the Tasman.
The Auckland-based company's technology — used by businesses with multiple sites, such as retailers, to provide protection from threats such as credit-card fraud — will be incorporated into a Telstra business broadband package, giving the Aussie telco's customers access to services including secure internet access, payment card industry data, standard compliance and content filtering.
"The deal is particularly significant given that it's quite a broad arrangement with Telstra — not only Telstra in Australia but Telstra global," said Mako chief executive Bill Farmer. "We see this as a major part of our internationalisation and a step in the right direction. It has got some really significant potential for us — in the tens of millions of dollars."
Telstra chief procurement officer Richard Allen said the company was always looking for ways to improve its security capabilities.
"We're pleased to offer Telstra customers this service as part of an expanded broadband offering that will connect and secure their operations," Allen said.
