CyberCX on Thursday announced it has acquired Tracer Cloud and Consegna, two cloud security companies based in Sydney and Auckland respectively, for an undisclosed sum.
The deal means CyberCX will add around 150 new cloud security and solutions staff, pushing its trans-Tasman workforce well past 1000 as enterprise customers and governments demand better cloud security and data sovereignty.
Founded in 2019 as a merger of 12 existing tech security firms, CyberCX has grown quickly and is headed by the former Special Adviser to the Prime Minister on Cyber Security Alastair MacGibbon as chief strategy officer and former telco executive John Paitaridis as chief executive officer.
CyberCX is backed by Melbourne private equity firm BGH Capital with an undisclosed investment.
The company now claims to be Australia and New Zealand’s largest cyber security services firm, and grew again with the acquisition of Tracer Cloud and Consegna.
Tracer Cloud is a cloud security professional services firm headquartered in Sydney and founded by former New South Wales public servant David Johnston in 2017.
The company offers a range of cloud services and advice to customers across enterprise, state and federal government, and is a partner of cloud giants AWS, Microsoft, and Google.
Consegna is cloud services firm headquartered in Auckland with offices in Wellington and Christchurch and a leading New Zealand partner for market leader AWS.It was founded in 2016.
CyberCX chief executive John Paitaridis said the acquisition of the two companies reinforced the companies focus on cloud security and professional services, and flagged the rise of data sovereignty and security requirements.
“CyberCX understands the critical importance of data sovereignty and data security, as enterprises and government face unprecedented cyber threats and attacks,” Mr Paitaridis said in a statement.
“As organisations increasingly move their customer and citizen data into the cloud – data security has become the highest priority consideration, this cannot be overstated.
“With Tracer Cloud and Consegna joining CyberCX, we have the leading experts in cloud security services across the trans-Tasman, with exceptional scale and capability.”
The Australian government last year introduced a data sovereignty scheme that placed new requirements and guarantees on leading cloud providers.
Both AWS and Microsoft have been certified as cloud service providers under the new scheme, known as the Hosting Certification Framework.
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