In a move that strengthens its cyber security-related offerings, PricewaterhouseCoopers (PwC) Australia is set to acquire Sydney-based information security and risk management provider WebSecure Technologies Australia.
WebSecure Technologies specialises in implementing digital identity and privileged access management (PAM) solutions, providing an end-to-end offering, including licensing, implementation, maintenance and support, as well as ongoing operational managed services. Financial details of the deal were not disclosed.
The deal will also see WebSecure owner Stewart Sim join PwC Australia as a partner, along with a team of specialised engineers. The WebSecure team will be integrated into PwC Australia’s cyber security and digital trust practice, the company said.
“We are thrilled for WebSecure to become part of PwC Australia and look forward to combining our capabilities and further building our alliance with CyberArk,” Sim said. “There is a strong synergy between our organisations, to drive growth and sustained business outcomes, as well as our shared commitment to building a secure digital Australia.
“Joining PwC Australia is the ideal fit that will allow us to continue our growth trajectory. Leveraging our position in the market with PwC’s cyber security and digital Identity offerings, plus access to the firm’s broad client network and global scale will enable us to accelerate our growth objectives for our clients and team,” he added.
One the acquisition is completed, WebSecure will become part of PwC Australia in late 2021 and its brand will integrate fully to PwC. PwC Australia partner and trust and risk business leader Corinne Best. “The credentials of WebSecure as the longest-serving and largest boutique implementation partner of global security company CyberArk are impressive.
“This acquisition continues to strengthen our scale and end-to-end cyber security advisory and implementation offering. With the WebSecure integration, we will have access to more skills, expertise and innovation which will allow us to deliver greater value and insight to our clients.
“Responding to the fast-moving and continuously evolving cyber threat landscape is more important than ever before.”
“Our clients need constant innovation and ingenuity to respond to critical cyber risks and our clients are telling us they prefer to source as many of these services as they can from a single service provider,” she added.
According to PwC, the demand for PAM services is set to rapidly increase, with the firm noting the recent announcement by the federal government that it would progress plans to mandate the Australian Signals Directorate’s (ASD) Essential Eight strategies for mitigating cyber security risk for all non-corporate Commonwealth entities.
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