Delivering Globally Victoria’s eSecurity sector is carving out a lucrative niche position in the global arena by offering tailored and highly specialised products and services. Witham Laboratories and Senetas Corporation Ltd are two examples of successful home-grown companies that are exporting to the world. As outlined in the ICT Industry Plan 2005 2010, the Victorian Government has encouraged a coordinated approach to the promotion of the ICT industry in strategically important markets. The Government has also committed to: • continuing support for companies who are planning and executing export strategies • expanding its in-market support for local companies to facilitate better access to information from the market • providing assistance to companies to achieve results from their overseas visits. Details on the various Victorian Government industry support programs available to the ICT sector are outlined in section 3: Supporting the Sector. Established in Melbourne in 1999 by CEO and Chairman Francis Galbally, Senetas Corporation Ltd’s success has been built on the quality of its world-leading encryption products and its ability to tailor and implement whole-of-organisation security systems. Its CypherNet range of encryption devices, developed in Melbourne, have the highest international levels of accreditation and are trusted by government, military and commercial organisations in Australia and internationally -including the Blue Chip Australian Banking agencies, US Department of Defence, and Asian and European law-enforcement agencies. With its head office in Melbourne, a branch in Sydney and worldwide distributors, Senetas employs over 60 people, and in 2006 achieved a record annual revenue of $23.6 million and net profit of $9.7 million.
SEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
