Specialises in high-speed network encryption, protecting data in motion whilst retaining network performance.
Recently restructured and entered into a master distribution agreement with SafeNet Inc for growing data security markets. This agreement will enable SEN to leverage SafeNet’s 200 strong sales-force located in approx. 25 locations around the world.
Products are the world’s only triple-certified encryptors of their type - Common Criteria (Australia and international), FIPS (US) and CAPS (UK) – as suitable for government and defence use and protect much of the world’s most sensitive data.
Secures government information and secrets; defence and military information; commercially sensitive intellectual property, business and financial data; banking transactions; datacentre traffic; high volume CCTV networks; and critical industrial and infrastructure control systems.
SEN designs, develops and manufactures in Australia. Senetas encryptors have market leading performance characteristics and are trusted to protect data in motion in more than 25 countries.
These customers include highly sensitive organisations such as the US defence forces and Swiss banks.
SEN expects to return to profitability in FY2014 and expects to make announcements re its profit expectations for 2014 in due course.
SEN is debt free.
Cash on hand was approx. $4mil @30/6/13
Over 1 billion shares – could expect consolidation in the not too distant future.
