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Westpac Group ups stake in quantum security company

George Nott | Jan. 23, 2017
Cyber security QuintessenceLabs aims to widen global reach this year

"They've been quite forthcoming, as use cases mature and are deployed within the Westpac environment, in helping us take those and either replicate or implement similar solutions with other customers. That third piece will increasingly unfold during the current year."

Aussie battler

Despite being a local success story - referenced as an example "to be proud of" by Malcolm Turnbull in his address to the SINET61 conference last year - Sharma said global expansion could be tough as an Australian company.

"It is a bit of a journey being an Australian company and taking our tech to other countries! Australia has traditionally been recognised for other things than tech," he said.

However, perceptions were changing, he added.

"We do see a shift. Well informed people in international markets are starting to see that, in certain niche tech areas, fantastic offerings do come out of Australia. That change in perception does open up more commercial opportunities and a greater willingness of international customers to look at, explore and deploy Australia based tech.

"We're on that journey. We've been focused on building a global brand. From day one we recognised that cyber security has to be a global play."

 

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