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BAE acquires stratsec.net for security play

BAE acquires stratsec.net for security play

The acquisition adds to BAE's capabilities and footprint in the growing area of cyber security and intelligence

Military contractor, BAE Systems, has expanded its global cyber security capability through purchasing information security company, stratsec.net, for an undisclosed sum.

Stratsec.net has facilities in Canberra, Sydney, Melbourne, Singapore and Kuala Lumpur, and supplies information security consulting and testing services to the government and commercial sector.

In a statement, BAE said, the acquisition adds to its capabilities and footprint in the growing area of cyber security 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,” BAE Australia CEO, Jim McDowell, said.

This acquisition, which is conditional upon receiving regulatory approval, is due for completion by the end of the year.

Stratsec.net CEO, Peter Lilley, CEO of stratsec.net Pty Ltd, said through the acquisition, it will be able to accelerate its 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.

Earlier this year, BAE announced its intentions to break into the security market.


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Tags mergers & acquistionsstratsecBAE Systemscyber security

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