Mark Lloyd (Optic Security Group)
Optic Security, a trans-Tasman cyber security firm created in 2018 by rolling up existing businesses, has been sold out of voluntary administration.
Optic Security Group Ltd was the 100 per cent shareholder of Optic Security Finance Group which in turn owned four New Zealand and two Australian subsidiaries. The company is now in liquidation after the November sale of the operating business to New York-based Arena Investors, an existing shareholder.
“Following an extended unsuccessful business sales campaign, on 17 October 2022, the directors resolved that the company is insolvent and that without a solution to its balance sheet and liquidity issues, it would not be possible for the…
Read the full article at: https://www.arnnet.com.au/article/703833/nz-cyber-roll-up-optic-security-sold-administration/?fp=2&fpid=1