UltraServe has launched a $5 million capital raising to accelerate its international growth into the US and European markets, in response to increasing client demand.Australian e-commerce specialist
UltraServe, a privately-owned company in which technology entrepreneur Simon Hackett first invested in 2014 and is now the majority shareholder, is achieving strong international growth having opened its US office in 2016 and a new European office recently.
UltraServe specialises in delivering e-commerce applications in the cloud, using its proprietary SmartStack software technology to provide a fast, reliable and resilient way to provision and maintain an e-commerce suite for enterprises. During the past 18 months, UltraServe has won multiple global customers, doubled its staff numbers, established serious traction in the US market, and has continued to enhance its technology and services.
UltraServe CEO Matthew Hyland said the additional capital would enable the company to accelerate its international expansion and innovation. "We'll use these funds to further our geographic expansion into Europe, to build out our US operations and to accelerate product enhancements," he said.
Centrify has warned that the privileged password practice which allowed the comprehensive “Alf” software hack of an Australian defence contractor is disturbingly widespread.Cybersecurity leader
Earlier this week, the Australian Cyber Security Centre (ACSC) revealed details of a data breach in which 30 gigabytes of sensitive information was stolen between July and November last year from 50-person aerospace engineering firm that subcontracts to the Department of Defence. The Australian Signals Directorate (ASD) codenamed the attacker Alf, after a character in the long-running Australian TV soap opera Home and Away.
Subsequent reports state the hacker stole sensitive data including restricted technical information on the F-35 Joint Strike Fighter, the P-8 Poseidon maritime patrol aircraft, the C-130 transport aircraft, the Joint Direct Attack Munition (JDAM) smart bomb kit, and Australian naval vessels.
The hacked defence subcontractor had all IT-related functions managed by just one person, who had been in the role for only nine months. While initial access came from exploiting a 12-month-old vulnerability in the company’s IT Helpdesk Portal, the hacker used a common Local Administrator account password with access to all servers for lateral movement within the network. This provided access to email and other sensitive data.
Centrify Senior Director APAC Sales Niall King said the practice of allowing privileged administrator accounts to have extensive network access was disturbingly widespread. “Verizon recently reported that 80 per cent of breaches are due to compromised credentials,” he said.
Adrian and his partner, who live at Glenlyon in central Victoria, have used their ZCell batteries to maintain a “city lifestyle” in the country, without having to “calorie count” their daily energy use.
The self-declared “tree changer” couple, who own energy efficient appliances and insulated the cottage's roof, have plenty of solar-generated energy to power their home, including multiple computers and professional musical amplifiers that Adrian requires for his sound engineering work.
Although the cottage had existing photovoltaic solar panels and a lead-acid battery when they moved in, Adrian and his partner decided to upgrade both the solar panels and the battery to make the property truly grid-independent without heavy use of a diesel backup generator. Redflow’s 10 kilowatt-hour (kWh) zinc-bromine flow batteries, which the solar panels can fully charge in just four hours on a sunny day, deliver clean power that does not interfere with Adrian’s elaborate musical equipment.
Adrian said the energy storage system had cost $56,000 – about one quarter of the $200,000 cost of connecting mains power to the property. “It means we never receive another power bill,” he said.