Will purchase appease shareholders and their class action?
The acquisition by Toronto’s Resolver Inc of assets of Wynyard Group points up the need for an international partner by New Zealand technology companies.
Resolver has taken over a slew of products from the Wynyard Group which went into liquidation. In doing so the Canadian company also acquires a user base, notably in the public sector.
Resolver’s activities in the crime-fighting, counter insurgency, and security IT application sector mirrored those of Wynyard.
The failure of Wynyard much earlier to acquire a big league international collaboration is all the more strange bearing in mind that Wynyard sprang out of Jade which achieved its global market share through an initial tie up with Unisys, and then with the UK’s Skipton Building Society.
Even so, collaboration poses a special threat for risk systems producers.
The less people in on the codes, the better. The less diluted their allegiance, the less the risk of leaks.
These systems require input from law enforcement authorities. Tolkien buff and New Zealand resident Peter Thiel’s Palantir is an example.
It is not known if the acquisition by Resolver of the Wynyard Group product line is sufficient to appease the formerly NZX main board company’s shareholders with their class action.
Meanwhile, the transaction reinforces a long tradition of Canadian IT involvement in this country which started with the introduction of the first PC portable, as they were then known, the Hyperion, then the Commodore, and much more recently the BlackBerry, long the Parliamentary standard.
Canadian manufacturers that played a big part in the telecommunications ramp-up included Mitel, Norpak, and Brian Tolley’s Bell Block cable extrusion process factory Canzac.