Aussie security firms unite in mega merger

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Aussie security firms unite in mega merger

Secure Logic has acquired Computer Room Solutions, with Secure Logic Santosh Devaraj claiming the combined entity has been independent valued at $140 million.

Secure Logic is based in Sydney and offers cyber security services to clients such as Alibaba, Westpac, Optus, Fujitsu and the federal government, according to its website. Last year, it won a $990,000 contract to host the NSW Electoral Commission’s iVote system until 2020. It employs 150 people across Australia, Singapore, Malaysia, China and Indonesia.

CRS, which is also based in Sydney, offers racks, cabinets, containment solutions, data centre security caging, control systems and PDUs. It will continue to operate as an independent division of Secure Logic, the AFR reported.

Devaraj said combining the two companies would give each the chance to win more lucrative contracts.

"We have focused heavily on information security and CRS has focused on physical security, so it is a perfect combination of two organisations together,” he told the AFR.

"This gives us much more leverage to go in for bigger deals, whole data centre outsourcing for example. We will be able to table very different proposals now we are effectively one organisation."

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