BAE Systems has announced it has entered into a definitive agreement to acquire stratsec.net Pty Ltd, an information security company in the Australian and South East Asian region.
Operating from facilities in Canberra, Sydney, Melbourne, Singapore and Kuala Lumpur, stratsec.net Pty Ltd has been providing information security consulting and testing services to government and commercial customers since 2004.
The acquisition of stratsec will add capabilities and footprint in the growing area of cyber and intelligence.
"This acquisition supports our strategy to expand our existing information security services, knowledge and experience and is consistent with BAE Systems' strategy to develop its cyber and security business in its home markets," said Jim McDowell, Chief Executive of BAE Systems Australia.
This acquisition, which is conditional upon receiving regulatory approval, is due for completion by the end of 2010.
Peter Lilley, CEO of stratsec.net Pty Ltd, said that "The opportunity to be part of BAE Systems is excellent news for stratsec.net Pty Ltd, and our clients and staff. We will be able to accelerate our plans to add new cyber security capabilities, offering a wider range of services to clients and engage in a greater level of cyber-security research."
Source: BAE Systems
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