PricewaterhouseCoopers (PwC) Australia recently announced its acquisition of Sydney-based cybersecurity and risk management provider WebSecure Technologies Australia, as part of a push to expand its cybersecurity offerings. The newly acquired company specializes in the implementation of digital identity and privileged access management (IPAM) technologies, offering end-to-end solutions for licensing, implementation, maintenance, support, and ongoing managed services. This acquisition is one of several recently made by PwC in that space, adding to a portfolio that already features CyberArk, SailPoint, Digital Guardian, and Netskope.
WebSecure will become a part of PwC Australia in late 2021, and its brand will eventually integrate fully with PwC. The deal will also make a PwC partner out of Stewart Sim, the owner of WebSecure, while WebSecure’ team of specialized engineers will join PwC Australia’s cybersecurity and digital trust practice. The team carries a significant amount of experience in the regional PAM market, providing a solid baseline from which to expand operations and grow new specialists.
In the press release announcing the acquisition, Sim said, “We are thrilled for WebSecure to become part of PwC Australia and look forward to combining our capabilities and further building our alliance with CyberArk… Joining PwC Australia is the ideal fit that will allow us to continue our growth trajectory. Leveraging our position in the market with PwC’s cyber security and digital Identity offerings, plus access to the firm’s broad client network and global scale will enable us to accelerate our growth objectives for our clients and team.”
PwC’s move comes as part of a drive to grow its cybersecurity and digital trust business in the Australia market, and the acquisition of WebSecure will provide it with a significant amount of brand equity in the sector. WebSecure’s intellectual properties and capabilities in CyberArk implementation and managed services should prove a significant boon to PwC’s goal of offering the most comprehensive PAM capabilities in the Australian market, in addition to boosting its plans to open an IT operations center in Adelaide offering cybersecurity, cloud, and financial audit services to the region.