Woodside has invested in Sapien Cyber Ltd., a Western Australian company specializing in the protection and security of critical infrastructure, it said on March 18.
Sapien Cyber was launched by the world-leading cyber security research team at Edith Cowan University, commercialized in partnership with Jindalee Partners, and refined in collaboration with Woodside.
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 will take a 10% shareholding in Sapien Cyber.
Woodside chief technology officer Shaun Gregory will join the Sapien advisory board as an observer, noting the Sapien Cyber relationship effectively demonstrates Woodside’s collaborative approach to innovation and technology.
“Woodside is proud to be supporting another Western Australian technology company. The sophistication of Sapien Cyber’s technology platform has the potential to deliver a comprehensive and multi-dimensional cyber security solution to protect Woodside’s operating assets,” Gregory said.
Sapien Cyber Chairman John Poynton said criminals, activists and state agents are continually refining the potency of their cyber weapons.
“Solutions need to evolve faster than the threats. Our unique approach offers unparalleled, real-time visibility to the client’s network, detecting operational technology cyber threats before they can wreak havoc,” he said.
Recommended Reading
Diamondback to Sell $2.2B in Shares Held by Endeavor Stockholders
2024-09-20 - Diamondback Energy, which closed its $26 billion merger with Endeavor Energy Resources on Sept. 13, said the gross proceeds from the share’s sale will be approximately $2.2 billion.
Optimizing Direct Air Capture Similar to Recovering Spilled Wine
2024-09-20 - Direct air capture technologies are technically and financially challenging, but efforts are underway to change that.
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
2024-09-20 - After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
Matador Offers $750 Million in Senior Notes Following Ameredev Deal
2024-09-20 - Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.
Aethon, Murphy Refinance Debt as Fed Slashes Interest Rates
2024-09-20 - The E&Ps expect to issue new notes toward redeeming a combined $1.6 billion of existing debt, while the debt-pricing guide—the Fed funds rate—was cut on Sept. 18 from 5.5% to 5%.