Login | Register
Profile | Log out
logo

  • Home
  • News
  • Opinion
  • Other
    • Market Updates
    • Explainers
    • Satire
  • About
  • Contact Us
    • Contact
    • Get Covered
    • Posting Guidelines
  • Subscribe
Submit An Article

Latest Articles

  • Biotron Expands into Anaesthetics with Sedarex Acquisition and $2.5m Raise
    Biotron Expands into Anaesthetics with Sedarex Acquisition and $2.5m Raise
    • News

  • DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment
    DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment
    • News

  • Stakk Secures T-Mobile Contract to Power Super App Expansion
    Stakk Secures T-Mobile Contract to Power Super App Expansion
    • News

  • Medibank Backs Emyria with Landmark Depression Care Deal
    Medibank Backs Emyria with Landmark Depression Care Deal
    • News

  • NoviqTech Launches Quantum Intelligence Products, Opening Path to Enterprise-Grade Quantum AI
    NoviqTech Launches Quantum Intelligence Products, Opening Path to Enterprise-Grade Quantum AI
    • News

  • BRE Wins Final Permit to Advance Rare Earth Pilot Plant in Brazil
    BRE Wins Final Permit to Advance Rare Earth Pilot Plant in Brazil
    • News

  • Harris Technology eyes profitability as refurbished tech sales surge
    Harris Technology eyes profitability as refurbished tech sales surge
    • News

  • QIC Fund Backs Ark Mines with $4.5m to Accelerate Sandy Mitchell Development
    • News

  • Swift Secures $2.4m Chevron Contract to Extend Entertainment and Support Services
    Swift Secures $2.4m Chevron Contract to Extend Entertainment and Support Services
    • News

  • FBR’s tech could help reduce housing construction-related cost pressures
    FBR’s tech could help reduce housing construction-related cost pressures
    • News

Middle Eastern government agency places largest Senetas order for encryption tech

  • In News
  • May 3, 2024
  • Alfred Chan
Middle Eastern government agency places largest Senetas order for encryption tech

A prominent Middle Eastern government agency is particularly keen to safeguard its data, engaging cybersecurity tech company Senetas (ASX: SEN) for what will be its largest order for encryptors ever. 

The order for 100 Senetas encryptors comes via distribution giant Thales which has been working with Senetas. It is anticipated to inject between $2.5 to $3.0 million into Senetas’ revenue for FY24. Furthermore, the agreement encompasses maintenance services, promising a steady revenue stream in the medium term.

Senetas’ majority-owned subsidiary, Votiro Cybersec Global Pty Ltd (Votiro), has been making strides in the cybersecurity landscape with Senetas CEO, Andrew Wilson, pleased with the collaborative efforts between Senetas and Thales teams over the past two years.

“We expect a continuation of strong growth in Votiro’s ARR, supported by the positive early market reaction to Votiro’s recent launch of the industry’s first Zero Trust Data Detection and Response (DDR) platform, an acceleration of its technology and business partner programs, and further establishing relationships with critical distributors and resellers,” said Wilson.

Votiro’s sales pipeline, currently standing at US$32 million, reflecting its promising outlook and customer renewal rates but even with the strong sale, Senetas has reported a delay in its financial goal timelines. 

“Cash flow breakeven for Votiro is now expected to be within the December quarter due to a delay in implementation and cash flow from a project recently awarded to Votiro that will expand the deployment for Votiro’s technology in an existing customer environment in the Asia Pacific region,” added Wilson. 

“This may change depending on a range of external factors and the timing for realisation of other contracts in Votiro’s sales pipeline. However, the delay will not affect business momentum and any cash requirements for Votiro will be adequately met from Senetas’s cash reserves and/or third-party funding.” 

As cybersecurity threats escalate globally, the demand for encryption solutions continues to rise. Senetas’ encryption technology, coupled with Votiro’s innovative cybersecurity offerings, positions the companies at the forefront of safeguarding critical data assets in an increasingly digital world. 

For the Half Year ended 31 December 2023, Senetas reported $13.5 million revenue with a net loss after tax attributable to members of $3.9 million and $11.7 million of cash on hand. 

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
  •  
  •  
  •  
  •  
  • andrew wilson
  • asx sen
  • cybersecurity
  • senetas
  • Votiro Cybersec Global
  • zero trust data detection
  • News

Leave a Comment

You must be logged in to post a comment.

1 Comment

  • Shraddha13
    April 21, 2025, 2:18 pm

    Thank you for sharing! To explore further
    https://www.360iresearch.com/library/intelligence/ai-powered-cybersecurity-platforms-solutions

    Reply
  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024

Login or register for free to access unlimited reading

Register Now!
  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
  • News

  • Opinion

  • Satire

  • About

  • Contact Us

  • Subscribe

The content published on this website is solely for general information purposes and is not to be construed as financial advice. Should you seek financial advice you should consult with an appropriately qualified person. Opinions expressed on this site are subject to change without notice and The Sentiment who produced this content is under no obligation to keep the information current. The Sentiment, affiliated companies & associates may have a conflict of interest with companies discussed on the website due to commercial arrangements, for example they may be shareholders in the company, be engaged by them to assist in investor communications or receive commission/brokerage for funds raised.

Copyright © 2020 The Sentiment. All rights reserved.
Subscribe

Enter your email address below to subscribe to The Sentiment’s weekly newsletter, highlighting the top news, research, opinion and satire articles shaping ASX investor sentiment.

The Sentiment respects your privacy and will not spam you. View our privacy policy here.