Nera Telecommunications (NeraTel) has secured a three-year contract worth $2.4 million from an “established institutional asset management group”.
The contract is expected to contribute positively to the group’s performance for the current financial year (FY).
Under the contract, NeraTel will provide technical management and operational support for cybersecurity, comprising cyber defence services including 24/7 security information and event management (SIEM) and security operations centre (SOC), as well as security operations platform management and related services.
“This contract reinforces the group’s strategic focus on expanding its managed services offerings and deepening its cybersecurity capabilities, including its SOC competencies, to deliver integrated, mission-critical IT infrastructure and cyber defence solutions to customers,” says the company in its Feb 19 statement.
Shares in NeraTel closed 0.1 cent lower or 0.57% down at 17.5 cents on Feb 19.
