Australian security and risk management company Ava Risk Group announced today that a data network security solution developed by its Technology Division has been selected to protect one of the world’s largest closed user group data networks for the exclusive use of more than one million military personnel.
The company has been picked up by the Indian Ministry of Defence along with it’s Indian manufacturing partner SFO Technologies Pvt Ltd under a cybersecurity deal to protect major military data networks potentially worth up to approximately 80 crores.
The MoD has issued a Letter of Intent(LoI) to manufacture FFT (Fast Fourier Transform) network security technology under licence, to Ava Group’s in-country manufacturing partner, SFO which will take on all of the manufacturing costs, associated working capital and delivery risk under the contract.
The issued letter of intent has estimated that SFO will receive the formal purchase order by the end of this month.
Ava chief executive officer Chris Fergus said “With cybersecurity breaches a seemingly daily occurrence, we are presented with a significant opportunity to expand the application of our intrusion detection technology to the protection of sensitive data network cables”.
Ava chairman David Cronin also commented saying “Government, military and commercial end users are increasingly becoming aware of the potential for illegal tapping, and physical disruption, of their sensitive data. With an increasing suite of products and risk management services, Ava is at the forefront of this large and growing market segment. This deployment is an important milestone for the Company, showing a clear return for shareholders on the investment we have made in increasing our geographic and market segment reach”.
The MoD deal is expected to further strengthen the security of Indian military networks.
