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Our Story

Transaction Solutions International (India) Pvt Ltd was established in 2005 by Gary Foster and Paul Boyatzis, Australian nationals with considerable experience in the financial services industry. Since that time, the company has focused on the payments business in India, particularly in providing ATM managed services to Tier 1 banks in India and automated bill payment services for utilities.

More recently, Vortiv has expanded its business in the cybersecurity and cloud space with the acquisition of Decipher Works Pty Ltd in August 2017, a cyber security specialist located in Sydney and Cloudten Industries Pty Ltd in January 2019, a cloud and cloud security service provider.

In September 2019, Transaction Solutions International Ltd changed its name to Vortiv Ltd to reflect the evolution of the Company from its payments services heritage to its new core focus of cloud and cyber security services.

In December 2020, Vortiv sold Decipher Works Pty Ltd and Cloudten Industries Pty Ltd to CyberCX.

Our Principles

At Vortiv, we prudently balance our obligations to all stakeholders including our clients, employees, shareholders, regulators and the community. We strive to:

  • Be innovative and commercial
  • Recognise the impact of our action
  • Pursue excellence
  • Provide outstanding customer experience

Our Values

We pride ourselves on:

  • Reliability and trustworthiness at all times
  • Delivering on commitments
  • Be innovative and commercial
  • Good judgement and common sense
  • Transparency in business conduct and communication

Board Members


Non-Executive Chairman

Nicholas Smedley is an experienced Investment Banker and M&A advisor, with 14 years’ experience at UBS and KPMG. He has worked on M&A transactions in the UK, Hong Kong, China and Australia with transactions ranging from the A$9bn defence of WMC Resources through to the investment of $65m into

Mr Smedley currently oversees investments in the property, aged care, technology and medical technology space. Key areas of expertise include M&A, debt structuring, corporate governance and innovation.

He is Executive Chairman of Respiri Limited (ASX: RSH) and a Non-Executive director of AD1 Holdings Ltd (ASX: AD1).

Mr Smedley holds a Bachelor of Commerce from Monash University.

Simon Vertullo

Non-Executive Director

Simon Vertullo is an experienced board director and consultant working in situations that require a senior finance executive to provide strategic leadership for managing performance, transactions, risk and turnarounds. He has a background in restructuring and corporate advisory services with KMPG and then as a partner at KordaMentha.

Mr Vertullo is a Chartered Accountant with significant exposure in listed and private company roles in complex situations in Asia, Europe and Australia. He was for a number of years the Chairman of an entity specialising in wifi analytics, software development and network installation prior to its public company buyout.

Mr Vertullo holds a Bachelor of Commerce from the University of Queensland.


Non-Executive Director

Jason Titman is a boutique investor who often takes an executive or board role to fast track the scale-up of the companies he invests in. He has extensive experience as an advisory board member, CEO/COO/CFO and he has been a key driver in companies that have created over $300 million in value and exits for business partners, shareholders and founders.

Mr Titman is also a Chartered Accountant, holds an MBA from University of Queensland and for the past 3 years has been a guest lecturer with the UQ MBA Program on Corporate Governance and involved with the UQ Entrepreneurial and Ventures team across all faculties within the University.