Backed by private equity firm BGH Capital, CyberCX is bringing together twelve of Australia’s independent cyber security brands – Alcorn, Assurance, Asterisk, CQR, Diamond, Enosys, Klein&Co., Phriendly Phishing, Sense of Security, Shearwater, TSS, and YellIT – to build a new full-service cyber security firm.
CyberCX will have an initial workforce of over 400 cyber security professionals with a national footprint, with over 20 offices across Australia, and draws on the combined leadership of the industry’s most trusted cyber experts.
The company will be led by former Optus Business Managing Director and current Chairman of the Australia Information Industry Association (AIIA), John Paitaridis.
The transactions are subject to conditions including regulatory approvals. More organisations will be announced in the near future.
CyberCX will provide a full range of cyber security services: consult and advisory; risk and compliance; security assurance; integration and engineering; training and education; incident response and digital forensics; and managed security services.
“The rapid increase in the number of cyber security threats globally is creating unprecedented risk and exposure for organisations in Australia which must be addressed,” Mr Paitaridis said.
“Cyber security risk should be a number one priority for business owners, senior executives and board directors as organisations increasingly embrace digital connected technologies. It is clear that many businesses, enterprises and government organisations are not yet well enough advised, supported or equipped to defend their mission critical assets.”
“Organisations need a cyber security partner with a consultative end-to-end approach. A partner who is independent, understands the intersection between risk and technology, and has the expertise, scale and know-how to confront any cyber threat. CyberCX will have boots on the ground across Australia supporting customer when and where they need us”
The company will have offices in Sydney, Melbourne, Brisbane, Canberra, Adelaide, and Perth, with further offices planned in the months ahead.
