Nera Telecommunications lands $2.4m cybersecurity deal with asset management group

Three-year deal secures 24/7 cyber defence and SOC support for high-stakes financial operations.

Nera Telecommunications Ltd (NeraTel) has secured a three-year contract worth about $2.4m from an institutional asset management group to provide cybersecurity services, the company said in an announcement.

The contract covers technical management and operational support for cyber defence, including 24/7 Security Information and Event Management (SIEM) and Security Operations Centre (SOC) support.

It also includes security operations platform management and related services.

The company said the engagement is part of its managed services segment, which provides IT infrastructure and cybersecurity support to enterprise customers.

NeraTel said the contract is expected to contribute positively to the group’s performance for the current financial year.

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