This is M&A deal number 537 that MSSP Alert and ChannelE2E have covered thus far in 2021.
Equate intends to expand its services and geographic reach, Managing Director Stephen Richards said. It will enable Nexon to deliver end-to-end cybersecurity services as part of its advisory and managed services.
In addition, Equate provides Nexon with new cybersecurity skills, Nexon President Barry Assaf stated. As such, Nexon can leverage these skills to address the security needs of government, nonprofit and mid-market organizations across Australia.
What Is Equate?
Equate helps Australian organizations secure and protect their assets and data and mitigate cyber risks, the company said. It offers a variety of cybersecurity services, including:
- Application and asset protection
- Communications and network security
- Identity and access management (IAM)
- Security orchestration, automation and response
- Secure cloud infrastructure design
In addition, Equate has established partnerships with several cybersecurity companies, such as:
- Check Point Software Technologies
Equate has over eight years of experience delivering integrated cybersecurity solutions, the company noted. To date, Equate has provided these solutions to hundreds of organizations across Australia.
What Does the Equate Acquisition Mean for Nexon Asia Pacific?
Equate helps Nexon enhance its security offering and expand its advisory and managed services. It also enables Nexon to capitalize on rising demand for cybersecurity services in Australia.
Cybersecurity spending in Australia reached $5.6 billion in 2020, according to the "2020 Cyber Security Sector Competitiveness Plan" from AustCyber. Furthermore, this total is projected to reach $7.6 billion by 2024.