MELBOURNE: Australian cyber security and managed technology services provider Infotrust Ltd said on Wednesday it has entered an agreement to acquire Canberra-based specialist consultancy Catalyst Cyber Pty Ltd, as it accelerates its expansion into the federal government and defence-aligned security markets.
The acquisition, structured as a share sale agreement for 100% of Catalyst Cyber, is expected to be earnings accretive from completion and aligns with Infotrust’s strategy to become a leading sovereign cyber security provider, the company said in a statement.
Based on current estimates, the completion consideration for fiscal year 2026 is approximately A$5.0 million, comprising about A$3.5 million in cash and A$1.5 million in Infotrust shares. The consideration is calculated using a five-times multiple of earnings before interest and taxes (EBIT), with adjustments to be made following the finalisation of audited FY26 accounts.
Catalyst Cyber, which focuses on federal government customers, brings expertise in cyber advisory, security engineering, incident response and assurance services. It is led by George Katavic, a veteran with more than 20 years of experience in cyber security management.
“Catalyst Cyber brings a highly experienced team, strong customer relationships and deep domain expertise that complement our existing cyber security services and extends our capabilities to federal government customers,” said Julian Challingsworth, managing director and CEO of Infotrust.
The acquisition is subject to standard conditions precedent and regulatory approval. Additional earnout payments may be made based on EBIT growth in FY27 and FY28, calculated using a six-times multiple on incremental EBIT uplift, payable in cash and Infotrust shares.
Shares issued as part of the deal will be valued using a 21-day volume-weighted average price of A$0.55, with half of the consideration shares subject to two-year escrow arrangements.
Catalyst Cyber is expected to contribute approximately A$1.3 million in revenue and A$0.3 million in underlying EBITDA to Infotrust’s second-half FY26 results.
Infotrust, headquartered in Melbourne, operates a 24×7 Security Operations Centre and offers services including digital forensics, incident response and managed security.