​Wynyard Group signs Thailand's Anti-Corruption Commission

New Zealand's Wynyard Group has signed a contract with the Thai Anti-Corruption Commission to use its software to prevent and combat internal corruption in the government.
Written by Asha Barbaschow, Contributor

Investigations and intelligence software firm Wynyard Group has won a contract with the Thailand government that will see the New Zealand-based company assist with fighting public sector corruption in the country.

Under the deal, Wynyard will be using its software to assist the commission with its anti-corruption investigations, with a focus on civil service and local authorities throughout various government and public service departments.

Wynyard Group CEO Craig Richardson said the Thai government contract reflects the growing global reputation his company has for solving serious crime problems.

"Wynyard's technology is used by government agencies across the world and we are delighted that the Thai Government has chosen to use it to help tackle corruption in the public sector," he said.

"We are increasingly being recognised as the market's leading serious crime investigations and intelligence software product platform."

The New Zealand-listed company said the contract adds to a number of national and international agencies using its technology to investigate drug trafficking and organised crime.

Existing customers include the Thai Customs Department which uses Wynyard Investigative Case Management software to attempt to interdict and dismantle narcotic trafficking networks in the region, as well as the Office of Narcotic Control Board which uses Wynyard's analytics platform to assist the Thai government in catching transnational crime groups involved in drug trafficking.

In November, Wynyard signed a three-year, AU$3.2 million deal with Telstra to protect high consequence cyberthreats against the telco giant.

Telstra was signed as Wynyard's foundation customer for its Advanced Cyber Threat Analytics (ACTA) solution, which according to the company, discovers cyberthreats inside a network aimed at preventing infiltration.

The company has been talking about listing on the Australian Securities Exchange (ASX) since March last year, which would see Wynyard dual-listed on both the ASX and NZX.

Wynyard picked up NZ$40 million and the backing of MYOB founder and Xero investor Craig Winkler in June, which re-sparked discussion around when the Auckland-based company was going public in Australia. It was then slated for the fourth quarter of 2015.

In December, Wynyard said it was deferring the ASX listing until mid-2016.

Whilst raising NZ$30 million of new capital through a share issue, Wynyard told investors at the time that recent changes to the ASX listing rules provided a cost effective route to dual listing.

"However, Australian law is likely to restrict investors from trading shares issued in the three months following listing on the ASX," Wynyard said. "This will conflict with Wynyard's capital raise plans."

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