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  • Macquarie Telecom Group (MAQ) has signed a $20 million, three-year agreement with the Australian Taxation Office 
  • This agreement will see Macquarie provide Secure Internet Gateway and cybersecurity services to the ATO 
  • Full services of the agreement are planned to begin in 2020 
  • This new agreement comes almost a year after the ATO went looking for a new secure Internet provider to support its current and future business transaction needs 
  • Macquarie has ended the day up a slight 0.75 per cent with shares trading for $22.97 apiece

Macquarie Telecom Group (MAQ) has signed a $20 million, three-year agreement with the Australian Taxation Office (ATO).

This agreement will see Macquarie provide Secure Internet Gateway (SIG) and cybersecurity services to the ATO.

The Secure Internet Gateway is a critical service to securely manage the connection between the ATO’s IT environments and the internet, thus protecting the ATO’s IT environments from security threats.

This deal will grasp Macquarie’s Australian 24×7 Security Operations Centre (SOC), its sovereign data centres, and ist ASD-Certified cloud computing platforms.

Full services are planned to begin in 2020.

This contract comes almost a year after the ATO went looking for a new SIG provider to replace its Secure ATO Gateway Environment (SAGE) to support its current and future business transaction needs.

Aligning with its ongoing investment in its Government business, Macquarie will now invest in upgrading its whole-of-government Secure Internet Gateway to support this deal and introduce the latest cybersecurity technology for all its government customers.

For the 2020 financial year, Macquarie’s total group capital expenditure is now expected to be between $61-$64 million.

However, this contract will hardly make a dent to the ATO budget after it landed more than $150 million over three years to improve its data storage and security systems.

Macquarie has ended the day up a slight 0.75 per cent with shares trading for $22.97 apiece in a $484.9 million market cap. 

MAQ by the numbers
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