rwt-as logo
Story image

NetLinkz helps Beijing government to get people back to work

28 Feb 2020

Article by Jonathan Jackson

February has been a busy and very successful month for cloud network solutions group NetLinkz Limited.

NetLinkz is the creator of the Virtual Invisible Network (VIN), a globally patented network technology that allows organisations to quickly connect sites, devices and staff over the internet through a unique network solution that is generally invisible.

NetLinkz’s technology makes Fortune 500 security commercially available for organisations of all sizes and the company has received numerous industry awards for its technology, including being a worldwide winner of the Global Security Challenge.

Its recent successes have a great deal to do with the 80% majority ownership it has in Beijing iLinkAll Technology Co. Ltd.

Beijing Municipal Bureau of Economics and Information Technology selected iLinkAll’s Virtual Secure Network (VSN) remote working product to help it fight the coronavirus and enable people to work and receive safe and secure information.

Far from being disadvantaged by the coronavirus, alongside multiple Chinese software companies including JD.com, We Chat, and a number of Alibaba subsidiaries, iLinkAll is the only majority foreign-owned entity in a consortium of software companies working together to provide innovative solutions to tackle the coronavirus epidemic.

Beijing will roll out the technology first, with the Chinese government investigating a nationwide adoption.

"We are proud to be supporting the people of Beijing during an extremely difficult period for the city and the people of China," says NetLinkz executive chairman James Tsiolis. 

"iLinkAll’s VSN has been selected as the city’s first batch of ‘remote and mobile’ technology solutions to help small to medium-sized companies and their professional workers remotely log into their office and help those businesses get back to work.

"We anticipate a similar program will be initiated nationally to assist other impacted cities and communities," says Tsiolis.

"We also believe being a selected provider by the Beijing Government will deliver increased visibility of our capabilities to the Chinese business community."
 

Further adoption of the technology

Today, NetLinkz announced iLinkAll would provide development and technical services in conjunction with its software to Pinnacle Shanghai whose customers include Morgan Stanley, Nomura and Aon Insurance.

The one-year contract agreement will generate revenues for iLinkAll of RMB 1,000,000 (AUD$225,000) and will lead to a second phase of revenue generation to provide additional on-premise services and licences according to demand from Pinnacle’s clients.

Just last week, the Beijing iLinkAll Science and Technology company signed an agreement to provide its Virtual Secure Network software to a World Bank-sponsored initiative to improve water supply and sanitation services in selected areas of the Deyang Municipality of the Sichuan Province, which has a population of 81 million.

The project is a public-private partnership initiated by the World Bank.

iLinkAll will provide development and technical services in conjunction with its software to the project. 

The VSN software will provide secure remote connectivity of the automation control system and information management system integration platform for the project. 

The agreement is expected to generate material revenues for iLinkAll with the already commenced 16-week design and implementation phase of the agreement providing upfront income of $1.1 million.

iLinkAll will also receive ongoing monthly licence fees once the design and implementation phase is completed. 
 

SSI acquisition to generate annualised profits of AUD$1.5 million

Another important development this year was the completion of the $10.2 million acquisition of Security Software International (SSI) Pacific, which is expected to generate annualised profits of $1.5 million.

As well as generating strong earnings, similar to NetLinkz’s other businesses it benefits from established relationships in Australia and the increasing demand for security across the tech industry.

"In SSI we have acquired a high quality, value-accretive business that provides strategic synergies and global growth opportunities to NetLinkz," says Tsiolis. 

"SSI has outstanding relationships in the Australian market, and we are excited to work closely with SSI to develop an innovative combined enterprise solution that meets the security and monitoring demands of these existing clients and modern businesses around the globe."
 

For more small cap tech news please visit nexttechstock.com

Story image
Video games market booming following COVID-19 related lockdowns
As an industry custom-built for people to stay indoors, it is understandable that the global video games market has boomed in the last few months, bringing huge profits for the leading gaming companies and their shareholders.More
Story image
Amazon announces $400,000 worth of grant packages for Australian startups and SMBs
Amazon Australia has announced the launch of Amazon Launchpad Innovation Grants, an initiative to recognise innovation by Australian startups, entrepreneurs and SMBs. More
Story image
Skillsoft launches new leadership focused online learning resource
Skillsoft has launched a new series of online learning resources designed to help people with leadership development, with a particular focus on digital leadership skills required to be successful in today’s fast-changing world. More
Story image
Report: Brute-force attacks feed on remote working vulnerabilities
A new report from ESET has detailed the extent to which attackers employ brute-force tactics to infiltrate remote desktop protocols.More
Story image
Nutanix launches solutions designed to empower IT teams working remotely
Nutanix has launched new solutions for cloud infrastructure management, enabling IT teams to deploy, upgrade and troubleshoot cloud software from anywhere, whether at home or from a central office location.More
Story image
RMIT, Siemens and Festo team up to establish Australian-focused digital innovation hub
“The announcement comes at a time when the COVID-19 pandemic is fundamentally forcing Australians and Australian businesses to look for new ways to keep the engines of the economy running.”More