This strategic acquisition represents a deliberate move in to the design and development of technology solutions tailored to the emerging Industrial Internet of Things (IIoT) by Madison Technologies.
Madison's Managing Director, David Redfern, said that “this acquisition aligns strongly with our goals for long term evolutionary growth of our product and total solutions growth. The Multipar product range is quite unique and in many ways is the missing link in providing a complete end to end total IIoT solution.”
The MultiPar product is a data logging and cloud-based platform solution that can record almost any parameter. With multiple interfaces to measure and log analogue, digital and serial devices, the MultiPar transmits this data to the cloud-based platform over the cellular network. Shaun Smith, General Manager Industrial ITC, Madison Technologies said, “The MultiPar offering is already trusted by a large customer base in the water metering sector. We will look to leverage off this solution for a wide range of industries such as smart cities, other utilities sectors, mining and transport.”
“As the sector grows, and more applications for this technology are discovered, we expect the MultiPar to be a significant part of the IoT market moving forward,” Shaun Smith said.
Madison Technologies has established a new business called mIoT, which, as a wholly owned subsidiary, will focus on the design, development and manufacture of IoT devices, platforms and solutions for a broad range of industry applications, further solidifying Madison’s position in this space.
David Redfern concluded, “By partnering with innovative companies, and bringing them the technology that will help transform their business, Madison Technologies will further cement its place in the specialist communications technology arena.”
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.