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Cyber security provider CSO Group and AI integrator xAmplify have revealed that the two companies expect to merge, creating Australia’s largest AI, cyber security and business automation company.
The merged entity will deliver solutions to 110 enterprise and government organisations, including defence, federal and state government, energy, financial services, health, logistics, retail, construction and mining, with 160 staff across the country.
It will be headquartered in Sydney, with a scheduled completion date in the second half of 2024.
The entity hopes to challenge some large global service providers, Michael Simkovic, CEO and founder of CSO Group, said.
“The merger of CSO Group and xAmplify will create Australia’s largest home-grown cyber security, AI and automation consulting business, with a gross turnover exceeding AU$100 million annually. We see an enormous market and growth opportunity to disrupt and challenge the traditional large global service provider models,” he said.
“This is a true merger of equals. The integration of the two businesses will create an amplifier effect, enabling us to deliver a new generation of innovative and integrated business solutions with the convergence of cyber security, automation and AI technologies. Ultimately, this will bring more intelligence, optimisation and value to our clients while also building greater Australian sovereign capability and expertise.”
The new merged entity will offer clients access to both corporate offerings.
Wayne Gowland, CEO and co-founder of xAmplify, explained that the new entity would leverage a range of emerging technologies to support its client base.
“This merger will create a fully integrated national business that will work across every state and territory, enabling clients to leverage AI, automation and cyber security to deliver greater innovation, efficiency, assurance, and business value,” he said.
“The business and technology worlds are changing rapidly, and our customers are wanting to transform and adopt the next generation of groundbreaking technologies in a safe and secure way. Together, we aspire to create a digitally advanced and protected Australia by helping clients to identify, solve and manage their real-world problems of today, while safeguarding them for tomorrow.”
Liam Garman is the managing editor of professional services, real estate and security at Momentum Media. He began his career as a speech writer at New South Wales Parliament before working for world leading campaigns and research agencies in Sydney and Auckland. Throughout his career, Liam has managed and executed international media campaigns spanning politics, business, industrial relations and infrastructure. He’s since shifted his attention to writing on politics and business, and holds a Bachelor of Commerce from the University of Sydney and a Masters from UNSW Canberra with a thesis on postmodernism and media ecology.
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