Australian cybersecurity business, CSO Group and Australia’s leading automation systems and artificial intelligence (AI) integrator, xAmplify have confirmed their intention to merge, which will create the largest Australian-owned and operated integrator of AI, cybersecurity, technology and business automation services.
Once complete, the merged business will deliver innovative and digitally advanced AI, automation and cyber solutions to over 110 enterprise and government organisations across Australia spanning industries such as defence, federal and state government, energy, financial services, health, logistics, retail, construction and mining.
The new entity will be headquartered in Sydney and have a national presence with operations across every state and territory, with a combined headcount of more than 160 staff.
CSO Group CEO and founder, Michael Simkovic said, “The merger of CSO Group and xAmplify will create Australia’s largest home-grown cybersecurity, AI and automation consulting business, with a gross turnover exceeding A$100 million annually. We see an enormous market and growth opportunity to disrupt and challenge the traditional large global service provider models.
“The integration of the two businesses will create an amplifier effect, enabling us to deliver a new generation of innovative and integrated business solutions with the convergence of cybersecurity, automation and AI technologies. Ultimately this will bring more intelligence, optimisation and value to our clients, while also building greater Australian sovereign capability and expertise.”
The merger will enable government and corporate clients to access the capabilities of both CSO Group and xAmplify, spanning strategy, governance, risk and compliance, managed security, AI and both technology and business automation services.
xAmplify CEO and co-founder, Wayne Gowland added, “This merger will create a fully integrated national business that will work across every state and territory, enabling clients to leverage AI, automation and cybersecurity to deliver greater innovation, efficiency, assurance, and business value.
“The business and technology worlds are changing rapidly, and our customers are wanting to transform and adopt the next generation of groundbreaking technologies in a safe and secure way. Together, we aspire to create a digitally advanced and protected Australia by helping clients to identify, solve and manage their real-world problems of today, while safeguarding them for tomorrow.”