Confluent Extends Confluent Cloud Access With Completion of IRAP PROTECTED Assessment

Rhea-AI Summary

Confluent, Inc. (CFLT) enables Australian Government agencies to use Confluent Cloud at a PROTECTED level across multiple cloud providers, enhancing data integration and security. The company completes an assessment according to Australian Signals Directorate standards, emphasizing data security and compliance. Confluent's data streaming platform offers key advantages like superior scale, resilience, and native stream processing capabilities.

Insights

Market Research Analyst

The recent announcement by Confluent, Inc. regarding its successful completion of the IRAP assessment for its Confluent Cloud platform holds significant implications for the company's market positioning within the Australian government sector. With the PROTECTED level clearance, Confluent can now offer its data streaming services across major cloud providers to more government agencies, which could lead to an expansion of its customer base in this region.

From a market research perspective, this development is noteworthy as it represents an increased trust and reliance on cloud-based data services by government bodies, a sector known for stringent security requirements. The potential for increased adoption of Confluent's platform may drive revenue growth and could position the company as a preferred partner for government digital transformation initiatives. Moreover, the recognition by Forrester as a leader in Cloud Data Pipelines and Streaming Data Platforms indicates that Confluent's offerings are well-regarded in the industry, which may positively influence investor perception and stock valuation.

Cybersecurity Expert

Confluent's emphasis on meeting the Australian Signals Directorate's PROTECTED standards is a pivotal step in addressing the complex cybersecurity challenges faced by government agencies. This achievement not only enhances Confluent's reputation for data security and compliance but also assures potential government clients of the platform's ability to handle sensitive information securely. Given the increasing frequency and sophistication of cyber threats, government agencies are under immense pressure to adopt secure and resilient data streaming solutions.

For stakeholders, the long-term benefits include potentially reduced risk of data breaches and improved data governance. The Stream Governance suite, in particular, aligns with the global trend towards stringent data regulation compliance, offering a proactive approach to data management that could become a benchmark in the industry. This could lead to a competitive advantage for Confluent, as government agencies often influence trends in cybersecurity and data management practices across other sectors.

Financial Analyst

Confluent's strategic move to expand its services to Australian Government agencies is likely to have a positive financial impact on the company. The expansion into a market with high entry barriers due to security requirements presents an opportunity for recurring revenue streams and diversification of income sources. The ability to operate across AWS, Microsoft Azure and Google Cloud platforms also indicates a versatile and adaptable service offering, which can be attractive to investors looking for companies with robust growth strategies.

Short-term implications for stakeholders may include the costs associated with the expansion and the onboarding of new government clients. However, the long-term financial outlook appears favorable, as the government sector typically engages in longer contract periods, providing stable revenue. Additionally, the integration of Confluent's services into government operations may lead to further opportunities within the private sector, as successful government implementations could serve as case studies to attract more clients.

Enabling more Australian Government agencies to use the industry’s leading data streaming platform across cloud providers

CANBERRA, Australia--(BUSINESS WIRE)-- Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced that Australian Government agencies with an Information Security Manual PROTECTED level requirement can now use Confluent Cloud across Amazon Web Services (AWS), Microsoft Azure and Google Cloud. This will enable even more Australian government agencies to integrate data across their applications and systems to reinvent employee and citizen experiences.

Assessed by an independent third-party under the Australian Information Security Registered Assessors Program (IRAP), Confluent has completed the assessment of Confluent Cloud according to the PROTECTED standards set by the Australian Signals Directorate. This highlights Confluent’s commitment to supporting its customers for data security, compliance and privacy needs.

“With Australian Government agencies relying more and more on data-driven decisions, they can no longer operate on data that has been stored for some time in data at rest systems,” said Simon Laskaj, Regional Director at Confluent ANZ. “With the successful completion of the IRAP assessment at the PROTECTED level, government agencies can now transform fragmented internal systems and workflows with Confluent. This will enable real-time applications for its citizen services across multi and hybrid-cloud environments, allowing citizens to enjoy more digital and connected experiences when engaging with agencies. Confluent is already supporting departments at the state and federal levels, with a dedicated on-ground team of security-cleared data streaming experts. This milestone reaffirms our commitment to support both new and existing partnerships with Australian Government agencies.”

Two recent Forrester reports recognised Confluent as a leader: The Forrester Wave™: Cloud Data Pipelines and The Forrester Wave™: Streaming Data Platforms, Q4 2023. As the latter states, “streaming data is the pulse of an enterprise.” Data Streaming Platforms have become a distinct category and a mission critical component of the data stack. What was once a nice-to-have, is now indispensable for any organisation to operate in real time.

Key advantages of Confluent’s complete data streaming platform include:

• Stream: With the transformative Kora engine, Confluent provides a reimagined data streaming experience that offers superior scale, elasticity, resilience, global availability and cost-efficiency across hybrid and multicloud architectures.
• Connect: Confluent’s ecosystem of zero code connectors comprises over 120 pre-built connectors, more than 70 fully managed connectors, and the flexibility to include Custom Connectors to simplify the integration of custom data sources and destinations. Confluent also facilitates convenient access to streaming data in various tools with native GUI based integrations.
• Process: Confluent provides native stream processing capabilities to join, filter, aggregate and enrich data continuously at the time of generation. This drives greater portability, consistency and reuse of the data while allowing downstream systems and applications to get the most enriched, up-to-date view.
• Govern: Confluent’s Stream Governance suite provides a simple, self-service experience for teams to discover, trust and understand their data while remaining compliant with evolving data regulations and security standards.

With Confluent, more Australian government agencies can:

• Provide data-rich government services based on enriched, high-quality data to deliver better citizen experiences;
• Be a connected government that gathers and shares data across departments, offices and agencies to advance its Data and Digital Government Strategy; and
• Elevate the nation’s cybersecurity vision by providing fast, actionable insights to policy makers, regulators and the justice system to ensure citizen safety.

For further information or to obtain Confluent’s IRAP Letter of Assessment, visit our Trust Center or contact us.

Additional Resources

• Learn more about Confluent.
• See how Confluent is helping its customers transform their businesses.

About Confluent

Confluent is the data streaming platform that is pioneering a fundamentally new category of data infrastructure that sets data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion – designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organisation. With Confluent, organisations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations. To learn more, please visit www.confluent.io.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240312969328/en/

Chynna Lao

Archetype Australia

confluent-syd@archetype.co

Source: Confluent

FAQ

What level requirement can Australian Government agencies now use Confluent Cloud at?

Australian Government agencies can now use Confluent Cloud at a PROTECTED level.

How many cloud providers can Australian Government agencies use Confluent Cloud across?

Australian Government agencies can use Confluent Cloud across Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.

What assessment has Confluent completed for its Confluent Cloud platform?

Confluent has completed an assessment according to the PROTECTED standards set by the Australian Signals Directorate.

What key advantages does Confluent's data streaming platform offer?

Confluent's data streaming platform offers advantages like superior scale, elasticity, resilience, global availability, and cost-efficiency across hybrid and multicloud architectures.

How does Confluent facilitate data integration with its Connect feature?

Confluent's ecosystem of zero code connectors comprises over 120 pre-built connectors, more than 70 fully managed connectors, and the flexibility to include Custom Connectors to simplify the integration of custom data sources and destinations.