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19-05-2016, 11:04 AM
#1431
@crabs agree completely, needs a white knight investor with serious money. Staring into the SP abyss is unnerving with no price precedents. Best wait for turnaround than risk losing a limb. I hope it works out for them as well.
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19-05-2016, 11:07 AM
#1432
Member
Originally Posted by crabs
Following WYN's announcements this year it appears they have only signed up $6m worth of large contracts so far this year and that $6m revenue is spread over 3 years so only a extra $2m for this year.
Given the massive cash burn of the company and the mismanagement of funds something big has to happen to stop this company spiraling out of control.
It has to be said that prospective clients will not like dealing with a company that offers long term(most of their big contracts are for 3-5 years) cyber security solutions but may not be around to fulfill the contracts.
Very hard to see a turnaround from here.....but I hope they do....happy to watch from the sidelines for now.
Sure it's hard to be positive with the company's recent faux pa, let's not get too carried away with all this 'doom and gloom' 'it's all over' vibe. Let's wait for the actual facts on earnings, etc, from WYN ather than speculating. Not been a good look but still some huge positives in the cyber-security space if they can gain traction.
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19-05-2016, 11:09 AM
#1433
Member
16 MAY 2016
Wynyard Group, a market leader in high consequence crime fighting and security software, today announced Deloitte, the professional services firm, as a delivery partner and customer for Wynyard Advanced Cyber Threat Analytics (ACTA), a solution that discovers cyber threats inside the network.
ACTA offers a new solution to the cyber security industry and supports shifts in the market approach for many organisations. Previously heavily focused on preventative measures such as perimeter security, cyber security practice is now focusing on strong detection and response capabilities which include unsupervised machine learning and anomaly detection - methods ACTA uses to detect malicious activity that otherwise goes unnoticed.
Deloitte and Wynyard will offer the ACTA threat analytics solution to enterprise customers via Deloitte’s Cyber Intelligence Centre (CIC) expanding the current enterprise security-as-a-service (SECsaas) delivery capabilities.
Cyber security professionals face an overwhelming number of security alerts generated as a result of an exponential increase in cyber attacks. ACTA helps organisations effectively manage this volume of alerts by detecting, prioritising and presenting for response the highest priority threats to the organisation’s network. Using unsupervised machine learning models it finds threats never-seen-before, meaning cyber threats within a network can be assessed and resolved before they become dangerous or unsolvable problems.
Wynyard Group Senior VP Commercial Paul Stokes said: “By using advanced cyber threat analytics, Deloitte can quickly determine which threats are important, focus on these and investigate any incidents swiftly. This is increasingly challenging for all large organisations, especially cyber security providers who are responsible for managing security on behalf of their clients.”
Phill Everson, UK head of cyber at Deloitte, said: “The reality of today’s cyber environment is that hackers are becoming increasingly sophisticated. Although companies are trying to build their security defences higher and higher – cyber criminals also continue to raise their game. Our partnership with Wynyard marks an important step towards offering our clients end-to-end cyber security services to protect critical infrastructure. Whilst we have been running monitoring services for our clients for over three years through our 24/7 Cyber Intelligence Centres (CICs), by using ACTA’s machine learning technology, Deloitte will also now be able to offer innovative threat detection services using cutting-edge analytics. By combining machine learning with human analytics, ACTA will allow us to identify anomalous behaviours occurring in our client’s systems, leading to early detection and therefore quicker support.”
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19-05-2016, 11:47 AM
#1434
Originally Posted by mayday
16 MAY 2016
Wynyard Group, a market leader in high consequence crime fighting and security software, today announced Deloitte, the professional services firm, as a delivery partner and customer for Wynyard Advanced Cyber Threat Analytics (ACTA), a solution that discovers cyber threats inside the network.
ACTA offers a new solution to the cyber security industry and supports shifts in the market approach for many organisations. Previously heavily focused on preventative measures such as perimeter security, cyber security practice is now focusing on strong detection and response capabilities which include unsupervised machine learning and anomaly detection - methods ACTA uses to detect malicious activity that otherwise goes unnoticed.
Deloitte and Wynyard will offer the ACTA threat analytics solution to enterprise customers via Deloitte’s Cyber Intelligence Centre (CIC) expanding the current enterprise security-as-a-service (SECsaas) delivery capabilities.
Cyber security professionals face an overwhelming number of security alerts generated as a result of an exponential increase in cyber attacks. ACTA helps organisations effectively manage this volume of alerts by detecting, prioritising and presenting for response the highest priority threats to the organisation’s network. Using unsupervised machine learning models it finds threats never-seen-before, meaning cyber threats within a network can be assessed and resolved before they become dangerous or unsolvable problems.
Wynyard Group Senior VP Commercial Paul Stokes said: “By using advanced cyber threat analytics, Deloitte can quickly determine which threats are important, focus on these and investigate any incidents swiftly. This is increasingly challenging for all large organisations, especially cyber security providers who are responsible for managing security on behalf of their clients.”
Phill Everson, UK head of cyber at Deloitte, said: “The reality of today’s cyber environment is that hackers are becoming increasingly sophisticated. Although companies are trying to build their security defences higher and higher – cyber criminals also continue to raise their game. Our partnership with Wynyard marks an important step towards offering our clients end-to-end cyber security services to protect critical infrastructure. Whilst we have been running monitoring services for our clients for over three years through our 24/7 Cyber Intelligence Centres (CICs), by using ACTA’s machine learning technology, Deloitte will also now be able to offer innovative threat detection services using cutting-edge analytics. By combining machine learning with human analytics, ACTA will allow us to identify anomalous behaviours occurring in our client’s systems, leading to early detection and therefore quicker support.”
Hi Mayday,
Pretty dishonest of you to leave out the last paragraph of this "new" announcement you've been posting about. Here let me do it for you:
This contract was announced to the NZX on 3 March. Wynyard launched ACTA at the end of 2015, signing a contract with Telstra Corporation Limited, one of the world’s 10 largest telecom companies, which uses ACTA across its internal ICT network to assist in preventing high consequence crime.
https://www.wynyardgroup.com/en/news...eat-analytics/
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19-05-2016, 11:58 AM
#1435
Member
Originally Posted by trackers
Hi Mayday,
Pretty dishonest of you to leave out the last paragraph of this "new" announcement you've been posting about. Here let me do it for you:
This contract was announced to the NZX on 3 March. Wynyard launched ACTA at the end of 2015, signing a contract with Telstra Corporation Limited, one of the world’s 10 largest telecom companies, which uses ACTA across its internal ICT network to assist in preventing high consequence crime.
https://www.wynyardgroup.com/en/news...eat-analytics/
Hi trackers, I admit I deliberately removed the last para because the old news did not disclose the firm's name wyn signed contract with
https://www.wynyardgroup.com/en/news...eat-analytics/
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19-05-2016, 12:02 PM
#1436
Junior Member
Originally Posted by lastmoa
Sure it's hard to be positive with the company's recent faux pa, let's not get too carried away with all this 'doom and gloom' 'it's all over' vibe. Let's wait for the actual facts on earnings, etc, from WYN ather than speculating. Not been a good look but still some huge positives in the cyber-security space if they can gain traction.
so when is the next financial report due?
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19-05-2016, 12:10 PM
#1437
Originally Posted by lche059
so when is the next financial report due?
Well they released a forecast on 18th May last year. Will they be as forthcoming this year? Their HY is at end of June, and I don't think they report quarterly
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19-05-2016, 12:45 PM
#1438
Moderated user
Originally Posted by trackers
Well they released a forecast on 18th May last year. Will they be as forthcoming this year? Their HY is at end of June, and I don't think they report quarterly
what confidence could you put in any forecasts should one appear given they have failed miserably to reach all previous forecast.
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19-05-2016, 12:50 PM
#1439
Moderated user
Originally Posted by lastmoa
Sure it's hard to be positive with the company's recent faux pa, let's not get too carried away with all this 'doom and gloom' 'it's all over' vibe. Let's wait for the actual facts on earnings, etc, from WYN ather than speculating. Not been a good look but still some huge positives in the cyber-security space if they can gain traction.
very happy to do so especailly with no money on the outcome
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19-05-2016, 02:17 PM
#1440
Member
Originally Posted by crabs
very happy to do so especailly with no money on the outcome
I'm happy to .. and having money in the outcome. Could be happier of course but holding longer term. Also, pleased to see Deloittes name on contract.
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