Wynyard Group is currently 100 percent owned by Jade but Richardson says it has already attracted interest from potential investors. "Jade already has a proven track record on a global stage and now interested parties see real opportunities for growth in Wynyard," he says.

The solutions provided by the new company will be sold both directly through Wynyard Group as well as through partners, including service providers.

According to Richardson, there are hundreds of organisations in New Zealand that must comply with legislation that was passed in 2009 and Wynyard Group is in a prime position to help them with that. "Most financial institutions in New Zealand are too small and would not be able to afford a service of this quality," he says.

Research and development facilities for the new company are based in Christchuch while the sales and marketing teams for New Zealand will operate out of the Auckland and Wellington offices.