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BAE to buy Stratsec?

Australia's biggest information security consultancy Stratsec will be acquired by British defence giant BAE Systems in a deal that could top $20 million, Risky.Business reports.

Australia's biggest information security consultancy Stratsec will be acquired by British defence giant BAE Systems in a deal that could top $20 million, Risky.Business reports.

Paper money

Paper money extreme macro image, by Kevin Dooley, CC 2.0

The independent consultancy merged with rival SIFT in May last year in a deal that valued SIFT at about $3 million.

It has since ramped up hires, recruiting some 25 staff since the merger, and now has a total of about 60 consultants.

Stratsec chief technology officer Nick Ellsmore could not comment on the deal, and said it is presently speculation.

The British weapons mammoth BAE has a revenue in excess of US$22 billion.

IBRS security analyst said that a buy-out of Stratsec would be a "smart move".

"They have been strengthening their position for some time, and if BAE wishes to build on its security capabilities, then an acquisition of Stratsec would be a smart move," Turner said.