Data#3 establishes security practice

Customer demand drives investment in cyber security

Data#3 (ASX: DTL) has set up a security practice due to customer demand.

According to CEO Laurence Baynham, the increasing adoption of cloud computing and mobility has also driven the investment.

“Customers are dealing with increasingly complex hybrid IT environments and are trying to integrate cloud, mobile, social and analytics,” he said in a statement.

“This has a tremendous impact on security as they deal with safeguarding their business critical information and intellectual property

Baynham added that the practice will provide customers with integrated security offerings underpinned by the company’s secure framework.

Data#3’s national Symantec practice manager, Richard Dornhart, has been appointed security practice manager. He will be tasked with helping customers protect their information, assets and brand.

Healthy profit forecast

Data#3 has forecast that subject to audit, the net profit after tax (NPAT) for the 2015 financial year is expected to be in the $10 to $11 million range. This is up from last year’s NPAT of $7.5 million.

The rise in NPAT is due to growth in the company’s business combined with contributions from acquisitions including Business Aspect Group and a majority stake in Wi-Fi analytics firm Discovery Technology.

“We are delighted to see the continuing strengthening in our performance in what remains a highly competitive market. A strong fourth quarter has allowed us to deliver a very solid full year result,” Baynham said .

The company’s audited full year results will be announced on 20 August.

Follow Hamish Barwick on Twitter: @HamishBarwick

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