Merger spawns security firm with global aspirations

The Vectra Corporation was formed this month following the merger of South Australian technology companies Systems Services and IT Services Group.

The new organisation has attracted a multimillion-dollar equity investment from Singapore-based Cisco Computer Security and Recovery, an information security organisation.

Employing 50 staff in Australia and Singapore, the $11 million-a-year-plus company, Vectra will continue to operate from its Adelaide base with clients including OzBulk, Mitsubishi Motors, SA Government, Gerard Industries and Elders. The company expects to generate a big jump in revenues as a result of the merger, with 20 per cent increase in staff numbers during the next 12 months.

Vectra is targeting East Asia, particularly the "security-sensitive centres such as Singapore and Hong Kong" to "drive its growth into the high demand service area of information security", and plans to establish a leading position in the information security market in East Asia, officials said.

"Our security services have a great deal of technology depth because we have 40 plus people involved in supporting computer networks in Adelaide and very high levels of staff retention," said Chris Smerdon, managing director, Vectra, and founder of IT Services Group.

The president of Vectra Corporation David Simpson, is the former CEO of Systems Services, with Chris Smerdon, founder of IT Services Group and managing director of Vectra. The board includes the chairman of Cisco Corporation, Cisco Computer Security and Recovery's parent company.

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