"Mr DuBois said the Senetas Layer 2 encryption technology, designed and manufactured in Melbourne and sold globally, is endorsed to the most rigorous independent security accreditation standards (Common Criteria and FIPS-140) which are mandated by some foreign governments. Senetas technology was recently deployed at the heart of a large US Government fibre optic network, he said.
Mr DuBois said recent industry forecasts suggested more than 20 per cent annual growth over the next three years in the total Ethernet equipment market in Asia Pacific would make it a $2 billion market. Meanwhile, the recent Deloitte’s 2006 Global Security Survey showed organisations regard security as the number one area of focus, with 78 per cent of financial services organisations being hacked during the past year. “Recent reports of heightened security concerns by government and business only serve to underscore our key message: SecureData=Layer2,” he said.
The Nextgen marketing agreement follows last week’s announced partnership between Senetas and New Zealand-headquartered SignalGuard to market CypherNET Layer 2 Encryptors into Asia and is further evidence of Senetas’ multi-channel strategy to maximise market penetration while minimising costs."
SEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
