Optic Security Acquired By Arena
Optic Security Acquired By Arena – ANZ integrator Optic Security Group has been acquired by New York-based Arena Investors after a 6-month sale process.
Providing the business with new ownership suitable for the long term, Arena will work with Optic as it expands its portfolio of solutions for converged security projects across Australia and New Zealand, while assessing broader markets in the APAC region.
“As the need for both physical and digital security platforms elevate in a changing world, Arena’s long-standing commitment and future support will enable Optic to expand its service offerings in both product and geography while not compromising its established service standards,” said Mark Lloyd, managing director, Optic Security Group.
“All the senior management and staff at Optic are very excited by the certainty and growth opportunity Arena elevating its investment and taking full ownership delivers,” Lloyd said.
“As the only independent business in its market with physical resources that span its geography, Optic has an assembly of Tier 1 clients, both government and commercial, that it delivers the highest quality of service as evidenced by its receipt of several industry awards across both sides of the Tasman Sea.”
Since the creation of Optic out of the merger of 6 Australian and New Zealand electronic security integration and IT businesses in 2018, Optic has enhanced its converged security offerings, including via its joint venture with Tesserent, Australia’s largest listed cybersecurity company.
“Having worked with Optic since 2018, we are excited to finally be on a path towards greatly expanding and enhancing the Optic business,” said Todd Strathdee of Arena Investors, LP.
“We have come to appreciate Optics’ superior capabilities and commitment to industry-leading service standards.
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