BAE Systems buys Australian cybersecurity consulting firm

Operating from facilities in Canberra, Sydney, Melbourne, Singapore, and Kuala Lumpur, stratsec.net provides cybersecurity consulting and testing services to government and commercial customers.

The company said it is the largest  provider of independent cybersecurity consulting services in the Australia/Asia-Pacific region and has provided services in over 20 countries, including Singapore, Malaysia, Brunei Darussalam, South Korea, Japan, the US, France, the UK, Canada, New Zealand, and Israel.

"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.

Peter Lilley, CEO of stratsec.net Pty Ltd, said the company’s acquisition by BAE Systems would provide it with additional capital to “accelerate our plans to add new cybersecurity capabilities".

As part of its expansion into the cybersecurity security area, BAE Systems earlier this year received a five-year, $134 million contract to provide the FBI with cybersecurity services.

BAE’s $23 million acquisition of stratsec.net, which is conditional upon receiving regulatory approval, is due to close by the end of 2010.

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