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    Oz Woodside Invests in Cyber Security Firm

Summary

Sapien Cyber was launched by the cyber security research team at Edith Cowan University.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Corporate, Corporate governance, Investments, News By Country, Australia

Oz Woodside Invests in Cyber Security Firm

Australian Woodside has invested in Sapien Cyber, a Western Australian company specialising in the protection and security of critical infrastructure.

Sapien Cyber was launched by the cyber security research team at Edith Cowan University in Perth. It was commercialised in partnership with Jindalee Partners, and refined in collaboration with Woodside, the company said March 18.

“It is a 100% Australian-owned technology platform that provides clients unprecedented network visibility, dynamic real-time monitoring and actionable intelligence to dramatically reduce the vulnerability of digital systems to cyber attack,” Woodside said.

Woodside will take a 10% shareholding in Sapien Cyber - subject to satisfaction of conditions precedent. Its CTO Shaun Gregory will join the Sapien advisory board as an observer.

Recently, Woodside invested in invested in two online LNG platforms designed to facilitate greater price transparency, efficiency and compliance in LNG markets.