Kordia Company Profile

Background

Kordia is a New Zealand state-owned enterprise specializing in mission-critical technology solutions. Established in 1989 as Broadcast Communications Ltd (BCL), the company rebranded to Kordia in 2006. Kordia's mission is to build secure, reliable, and resilient connections in the digital world. The company operates primarily in the telecommunications industry, offering services such as connectivity, cloud migration, cybersecurity, broadcasting, and project management.

Key Strategic Focus

Kordia's strategic focus encompasses:

Connectivity: Providing intelligent WAN solutions to ensure optimal availability and performance of business-critical applications.

Cloud Services: Offering secure and high-performing cloud services with in-house consultancy support.

Cybersecurity: Delivering 24/7 Security Operations Centre (SOC) services, including RedShield and guidance from Aura Information Security.

Modern Workplace Solutions: Enabling flexible and secure work environments through robust security measures.

Cloud Calling: Facilitating remote workforce connectivity with SIP, Dialpad, Teams, and Webex calling solutions.

Financials and Funding

As of the fiscal year 2022, Kordia reported:

Revenue: $131.4 million

Gross Profit: $88.6 million

Net Income: -$1.6 million

Cash Reserves: $11.5 million

Pipeline Development

Kordia has expanded its service offerings through strategic acquisitions:

Aura Information Security: Acquired in 2015 to enhance cybersecurity capabilities.

Emerging Technology Partners: Acquired in 2020 to bolster cloud services.

Base2: Acquired in 2021 to extend managed IT and network solutions.

SecOps NZ: Acquired in 2021 to strengthen managed cybersecurity services.

Technological Platform and Innovation

Kordia differentiates itself through:

Proprietary Technologies: Operating a nationwide network based on digital microwave technology and managing digital terrestrial television (DTT) platforms.

Scientific Methodologies: Utilizing advanced performance tools and technologies for network evaluation and analysis.

AI-Driven Capabilities: Implementing AI and automation in cybersecurity to address evolving threats.

Leadership Team

Neil Livingston: Chief Executive Officer

Trevor White: Chief Financial Officer

Leadership Changes

In September 2021, Kordia sold its Australian contracting business, Kordia Solutions Australia, to Ventia. This strategic move allowed Kordia to focus on its core services, including cloud, cybersecurity, and connectivity.

Competitor Profile

Market Insights and Dynamics

The telecommunications and cybersecurity markets in New Zealand are competitive, with significant players offering a range of services. Kordia's focus on mission-critical solutions positions it uniquely within this landscape.

Competitor Analysis

Key competitors include:

Spark New Zealand: A major telecommunications provider offering a broad spectrum of services.

Vodafone New Zealand: Provides extensive mobile and broadband services.

2degrees: Offers mobile and broadband services with a focus on customer value.

Strategic Collaborations and Partnerships

Kordia has established significant partnerships to enhance its service offerings:

Maritime New Zealand: Renewed a 10-year contract in 2024 to deliver safety of life radio communications at sea, including infrastructure upgrades at the Maritime Operations Centre in Wellington.

Entain: Partnered in 2024 to broadcast Trackside channels over Kordia’s DTT free-to-air network, bringing live racing and betting information to viewers.

Operational Insights

Kordia's strategic divestment of its Australian contracting business and focus on core services like cloud, cybersecurity, and connectivity have strengthened its market position. The company's extensive network infrastructure and commitment to reliability provide a competitive advantage in delivering mission-critical solutions.