Senetas to buy US$8m stake in global cybersecurity firm

Company News

by Jessica Amir

Data protection company, Senetas Corporation Limited (ASX:SEN) is set to buy a major stake in a cybersecurity company for US$8 million.

Senetas, which is a data encryption company, will make the investment in Votiro Cybersec Global, who has 400 global customers and 1.5 million users.

Its technology scans each and every file shared with a company, to allow people to safely open emails, download and transfer files and share content without comprise.

The investment will be made in three tranches.

Shares in Senetas Corporation Limited (ASX:SEN) last traded at 10.5 cents.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.