Telstra which is Australia’s top telecommunication and media provider has acquired New Zealand-based cyber security analytics provider Cognevo for AUS $3.2 million. The Melbourne-based telecommunication giant made this move to bolster its managed security services on a worldwide note.
Cognevo will provide Telstra the privilege of exploring key cyber threats in advance all possible through its powerful and intelligent analytics algorithms. Cognevo’s analytics help in identifying true mathematical anomalies, rather than relying on the old stats of what is bad.
Earlier, Telstra used to depend on cyber security solutions provided by Wynyard Group’s foundation. The group used to serve its customers with all capabilities in Advanced Cyber Threat Analytics (ACTA) and Cognevo was one its business subsidiaries serving Telstra in the same field.
Cognevo’s algorithm is different as it has the ability to distinguish between malicious and non-malicious threats. This is made possible when the algorithms are applied to different log types or data sources and at different levels of network resolution and time scales.
On seeing the ability of Cognevo to keep a track of cyber threats in advance and contain those cyber issues before a serious damage could occur; Telstra planned to buy the company to serve its entire domain solely. Cognevo will be using ACTA technology of Wynyard to serve Telstra.
In September this year, Telstra made a deal with Microsoft to deliver managed voice services to Office 365 enterprise customers, combining cloud collaboration with a voice calling solution.
Early this year, Telstra expanded its cloud service portfolio by acquiring Australian firm Kloud which offers managed services to more than 80 corporate and government customers across Australia and Asia Pacific. This includes solutions supply for productivity, identity, cloud security, application development and cloud infrastructure.
With Cognevo’s addition, Telstra is in a plan to set a cyber security trust among its cloud services users against all cyber threats.
