Aussie security vendor Veriluma partners with ex-terrorism chief

Sydney security vendor Veriluma has partnered with Global Business Resilience, a solutions provider founded by retired counter-terrorism chief Mark Carrick, to prevent national security threats.

Veriluma's predictive software engine will help understand risky environments to assess and prevent potential threats, according to the vendor. The software is able to gather data from facts and add these to human patterns and trends returning possible outcomes and the probability of those to happen.

"Human thinking is very uncertain, we are subjective in our decisions. Our solution allows us to consider the unknown. Patterns and trends will tell us something big data won't," Veriluma chief executive Elizabeth Whitelock said.

She said Carrick was impressed with Veriluma's solution and was disappointed he did not have access to it while at the NSW Police Force.

The partnership will focus on offering national security agencies predictive capabilities that allow to identify and understand threats; implement risk strategies; and respond quickly and effectively when action is required, according to Veriluma.

Global Business Resilience was founded in 2010 to help organisations predict and manage political, social, environmental and security risks.

"Veriluma's predictive software has proven itself across many complex and multi-faceted industry sectors. Veriluma's technology will initially be utilised to better understand the ever-changing global, regional and national threat environments, thereby providing significant insights into potential emerging issues, and helping structure and inform mitigation strategies," said Carrick.

Veriluma is a security software vendor in the middle of a reverse listing transaction with Western Australian mining company Parmelia Resources. The company's security solution has applications across different segments, such as production, risk assessment, law and M&A.

Whitelock said the company is working on developing a solution for the family law segment and also looking for new partners. "We will partner with people who has expertise in a particular area. We are looking for partners in government, banking, finance and law," she said.