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Arrow and RiskIQ sign A/NZ distribution agreement

02 Jul 2020

Arrow Electronics has today confirmed its distribution agreement with RiskIQ, a risk management and surface-based security company, to serve the Australia and New Zealand channel.

RiskIQ’s Illuminate platform leverages discovery, intelligence and mitigation of threats, providing organisations with insight and control over web, social and mobile exposures. 

The platform also combines internet data reconnaissance and analytics to understand digital attack surfaces, assess risk, and take action to protect the business, brand, and customers. 

“At Arrow we are focused on helping our partners have access to best-in-breed technology and market-leading solutions as the security threat landscape continues to shift and evolve,” says Arrow general manager of enterprise computing solutions Andrew Assad. 

“Our teaming with RiskIQ offers the A/NZ channel access to their innovative approach to solving contemporary security challenges, which are being experienced across a range of industries and organisations.”
 
The collaboration between the two companies is symptomatic of the rising cyber threats in the wake of the COVID-19 pandemic.

“So far in 2020, we’ve seen several high-profile cyber-attacks in the region on both public and private sector organisations” says RiskIQ vice president of Asia Pacific Terrie Anderson.

“Organisations today must focus on external cyber threats as much as they do on perimeter security and bringing visibility and management to their external attack surface is core to RiskIQ's solution. 

“We are delighted to be able to expand our footprint across A/NZ with the help of Arrow and its strong partner network.”

The announcement today was one of several recent key developments from Arrow.

The company signed a distribution deal with SecureAuth last month, enabling Arrow to provide an advanced solution for public and private sectors delivering secure access to systems, applications, and data.

Arrow has also seen changes to its executive team: At the end of June 2019, A/NZ enterprise computing software solutions managing director Nick Verykios stepped down from his role.

In his place, the company appointed Andrew Assad as A/NZ general manager; Lisa Stockwell as vendor alliance director; and a role expansion for finance director Andrew Vaughan.

Another recent development for the company came in the form of financial results for the 2019 financial year, released yesterday, which saw the company boost profits but falter on overall revenue.

After income tax expenses, FY19 profit reached NZ$1.8 million, compared to $1.2 million in the year prior, while reported revenue was $3.3 million after deducting the cost of goods sold in FY19, a slight drop from $3.5 million in FY18.

“The principal activities of the company during the financial year were the distribution of computerised security, storage, and unified telecommunications systems,” the official financial statements note.