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The Australian and British firms have completed their merger to provide improved cyber defence offerings with sovereign capabilities at home and abroad.
Australian firm Penten and the UK’s Amiosec have announced the successful merger of the two companies into the newly formed PentenAmio.
With 300 security-cleared employees and sovereign capabilities in both countries, PentenAmio will be positioned to provide cyber security and electronic warfare capabilities to a wide-ranging customer base in allied nations.
The newly combined business will have an annual revenue of more than $125 million, allowing PentenAmio to continue to invest in R&D and grow its workforce.
“This merger will help us provide our customers with the agility and innovation which they need, wherever they are in the world,” Adrian Cunningham, executive co-chair of PentenAmio, said in a 1 May statement.
“By joining forces, we give ourselves, our nations and their allies access to an unrivalled breadth and depth of expertise across secure communications and beyond.”
Cunningham founded Amiosec, while Penten’s founder, Matthew Wilson (pictured), will be the other co-chair of the company. Penten’s former chief financial officer, Sarah Bailey (pictured), will stay on as CEO of PentenAmio Australia, while Matt Thomas is the newly appointed CEO of PentenAmio UK.
“This is a strategic union of two high-performing businesses with shared values and complementary technologies,” Bailey said.
“We are now uniquely positioned to deliver the future of secure mobility and cyber defence – at speed, at scale, and with sovereign assurance.”
Wilson added that the merger comes during a time he calls a “moment of global inflection”.
“Rising geopolitical tension and increasing digital threats demand transformative technology responses,” Wilson said.
“PentenAmio is purpose-built to meet this demand, leveraging scalable, sovereign deep tech solutions.”
PentenAmio is privately held and founder-influenced and is backed by minority shareholder Five V Capital.
David Hollingworth has been writing about technology for over 20 years, and has worked for a range of print and online titles in his career. He is enjoying getting to grips with cyber security, especially when it lets him talk about Lego.
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