The $6.7 million technology development will be put towards the ongoing research and development of the company’s packet capture and analysis systems.
Mike Riley, Endace CEO says: "We're absolutely delighted to have received this grant and would like to recognise the support the New Zealand government has given Endace in the past and continues to provide today. Research and development is the lifeblood of Endace and we're thrilled to see the government recognising and supporting organisations that have proven track records in creating and monetising Kiwi Intellectual property."
Endace lists government agencies, large enterprises and organisations as its customers who have a need to protect national infrastructure against cyber-attack.
Dr Richard Templer, acting Chief Executive, Foundation for Research, Science and Technology, explained, “It’s no coincidence that Endace features in the TIN100 list of leading technology businesses. Its commitment to innovation and expertise in using R&D to create products that have given it a competitive advantage have, in turn, benefited New Zealand.”
He continued, “TechNZ support will ensure Endace have even greater financial certainty over the next three years and can just keep on doing what they are good at—developing innovative technology solutions that are in global demand.”
Back in August, Endace received $4.4 million in funding for “a series of major product developments” from the Foundation for Research Science and Technology.
