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Privasec, Solista, CXO Security and Naviro announced their integration, coming together as Sekuro.
Sekuro is now an end-to-end cyber security solutions provider with a revenue of $68 million, scaling multiple disciplines and delivering services across the business lifecycle including consultation, technology and platform implementation, team augmentation, managed services and assurance and compliance.
The CEOs of the four merging businesses will all take active roles within the new team, led by Robert McAdam in the role of CEO of the new entity, which will comprise 90 staff based in Sydney, Melbourne, Brisbane and Perth. With each company bringing an established roster of clients, Privasec, Solista, CXO Security and Naviro will become legacy brands.
"The creation of Sekuro sets a new standard because we have co-created rather than undertaken a traditional merger or acquisition'" said Robert McAdam, former CEO of CXO Security.
“The skillsets of Privasec, Solista, CXO Security and Naviro are complementary, they have naturally activated a process of assess > build > monitor > evolve > resource for clients, that we can then bring within a managed environment to ensure continuous compliance."
“We architected the new Sekuro in a very particular way – each individual brand was chosen for its quality, depth of skill and temperament."
"This process reflects the integrated journey we deliver to our clients, which comprises one finance system, one window to the CRM and one project management platform," McAdam said.
Noel Allnutt, formerly CEO of Solista, and newly appointed chief sales and strategy officer of Sekuro added that there is a huge requirement now for cyber security and cloud, with organisations expecting to trust the full end-to-end process, remove cost, friction and risk from their digital transformation journey.
"Security has gone from something businesses have to do, to something that is engrained in our lives whether you’re on the couch or in the boardroom, threats continue in real-time, 24/7."
“You need to have a level of scale, capability and resilience in your own organisation to deliver it to other businesses – and each of the legacy brands that have come together to form Sekuro have practical experience working at the coalface."
"These ‘battle scars’ are what create such a strong customer-first culture. I’m strongly committed to business enablement and helping new organisations innovate fiercely, and I know that the businesses that will grow tomorrow are those that have their security and data front of mind today.”
The Australian cyber security landscape is fast moving and challenging for every organisation, whether public or private. Threats are rising – and attacks are driven both by those wanting financial gain and through nation state offensive activity.
With 30-plus years of combined operational experience serving Australian businesses, and by combining deep expertise from four already mature businesses, Sekuro aims to bring a flexible and experienced solution to help its clients meet the cyber challenges of today with McAdam noting that none of the original four vendors have received a cent from the integration.
"We chose to give up our individual identities to co-create Sekuro in a quest for strong security posture, knowing it’s exactly what Australian businesses need to be resilient."
“Just as Sekuro is a completely integrated company, with the four former brands becoming legacy from day one, so is the process of services we deliver for our partners – starting with the lead opportunity, through to the sale, through to the project plan, through to finance,” McAdam concluded.
[Related: ACSC cyber guard for government data rolled out]
Nastasha is a Journalist at Momentum Media, she reports extensively across veterans affairs, cyber security and geopolitics in the Indo-Pacific. She is a co-author of a book titled The Stories Women Journalists Tell, published by Penguin Random House. Previously, she was a Content Producer at Verizon Media, a Digital Producer for Yahoo! and Channel 7, a Digital Journalist at Sky News Australia, as well as a Website Manager and Digital Producer at SBS Australia. Nastasha started her career in media as a Video Producer and Digital News Presenter at News Corp Australia.
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