Telstra flags more cyber-sec investments after vArmour

Telstra’s venture capital arm has flagged fresh rounds of investment in cyber security in Asia after revealing details of a new cloud computing security investment.

Telstra Ventures partner Marcus Bartram said that there was still scope for more investment in cyber security companies despite announcing a large investment in vArmour – a California-based company that has developed policy-based software theoretically capable of securing so-called “East-West” network traffic moving within a company’s network perimeter.

Notably, Bartram said that the carrier’s failed billion-dollar joint mobile network venture with San Miguel in The Philippines had not decreased its appetite for investing in Asia. On the contrary, he revealed that Telstra Ventures was highly active in the region.

“We’re really actively investing. I can’t tell you who yet because it’s a bit too early but we’re actually actively pursuing investments in South-East Asia and China and we’re looking at opportunities in the Philippines,” Bartram said.

“If you look at where Telstra has strategically tried to grow and where there’s interesting investment opportunities, South East Asia, India and China are good places for us to go looking for new technologies or new emerging business models in those markets,” he added.

Bartram declined to reveal specifics of the technology areas in which the carrier was seeking to invest aside from saying it was “a real variety”.

“It’s a combination of technology plays and consumer market place plays and messaging companies,” he explained.

Telstra Ventures handles the carrier’s smaller investments – in the range of around $US5 to $US10 million – rather than billion-dollar partnerships like the San Miguel deal, which would have seen the pair team up to build a mobile network using the food giant’s 700Mhz spectrum assets had it succeeded.

The venture capital group’s investment remit is narrowly defined to technology and companies that align with the carrier’s broader strategic goals.

“The way we operate today is that we really want to understand and the conversation we have at every decision point is (around) how it relates back to what Telstra is trying to achieve. Where we don’t invest is where that strategic link is not there, even if we think it’s a great investment,” said Bartram.

Telstra Venture’s investment in vArmour will give the security software company a beachhead in the Asia-Pacific region. Telstra conceded it was yet to develop a strategy to take vArmour to market but hinted that it may start with its own base of customers offering it as either a bundled or standalone product.

Telstra hasn’t revealed how much it has invested in vArmour but Bartram said it was in line with Telstra Venture’s typical cheque-size (US$5 to $US10 million, but not necessarily capped). It was part of the security software company’s recent efforts to secure $US41m in D-Series funding led by the carrier and Redline Capital.

vArmour’s Strategic Markets Vice President, Keith Stewart, said Telstra Venture’s vision aligned well with what the security software maker was trying to achieve.

“Lot’s of people have got money. But past a certain point we don’t need money we need friends. We need (investors) who are going to be business partners and build the business,” Stewart said.

In a statement, vArmour said the funding round would primarily be used for global business expansion rather than further software development.

Join the CSO newsletter!

Error: Please check your email address.

Tags software developmentredline capitalvArmourcyber-secsecurity softwareTelstracyber security

More about West

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by Andrew Colley

Latest Videos

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

  • 150x50

    IDG Live Webinar:The right collaboration strategy will help your business take flight

    Speakers - Mike Harris, Engineering Services Manager, Jetstar - Christopher Johnson, IT Director APAC, 20th Century Fox - Brent Maxwell, Director of Information Systems, THE ICONIC - IDG MC/Moderator Anthony Caruana

    Play Video

More videos

Blog Posts

Market Place