In a move set to transform its defensive cyber security offerings, Spirit Technologies has finalized the acquisition of Forensic IT, a leading provider of incident response and digital forensics services in Melbourne, for $7.6 million in a combination of cash and shares.
By integrating the specialized incident response capabilities of Forensic IT with Spirit’s cyber division, Infotrust, the company aims to bolster its position in the market and offer enhanced cybersecurity solutions to clients. This strategic acquisition marks a significant milestone in Spirit’s growth strategy, following previous mergers with Intalock and Infotrust that have augmented its capabilities in security operations and compliance practices.
With the addition of Forensic IT’s skilled professionals, Spirit’s cybersecurity team will now comprise 115 members, equipped to deliver top-notch data recovery and expert witness testimony services. This expansion underscores Spirit’s commitment to providing comprehensive and effective cyber security solutions tailored to the needs of mid to enterprise-level businesses in Australia.
The acquisition of Forensic IT signifies a strategic alignment with Spirit’s vision to strengthen its service portfolio and deliver holistic cybersecurity solutions that address the evolving threats faced by organizations today.
FAQ Section:
1. What was the recent acquisition made by Spirit Technologies?
Spirit Technologies recently acquired Forensic IT, a leading provider of incident response and digital forensics services in Melbourne.
2. How much was the acquisition deal valued at?
The acquisition deal was valued at $7.6 million, which was a combination of cash and shares.
3. What are the benefits of integrating Forensic IT with Spirit’s cyber division, Infotrust?
By integrating Forensic IT’s specialized incident response capabilities, Spirit aims to bolster its position in the market and offer enhanced cybersecurity solutions to clients.
4. How many members will Spirit’s cybersecurity team comprise following the acquisition?
Following the acquisition, Spirit’s cybersecurity team will now comprise 115 members, including skilled professionals from Forensic IT.
Key Terms:
– Incident Response: The process of responding to cyber incidents, breaches, or threats in an organization’s IT infrastructure.
– Digital Forensics: The practice of collecting, analyzing, and preserving digital evidence to investigate cybercrimes or security incidents.
Suggested Related Links:
– A More about Spirit Technologies
– Visit Infotrust for Cybersecurity Solutions
