Excite Technology Services Limited has sealed a deal to acquire the entirety of CBIT Pty Limited and related entities, collectively known as CBIT Digital Forensic Services (CDFS). This move is set to fortify Excite's standing in the Incident Response and Digital Forensics domains, marking a strategic expansion of its offerings in managed cyber security, deep digital forensics, and accredited training services.

The financial terms of the acquisition involve an initial settlement payment in cash and shares, with additional considerations tied to CDFS's future performance. The agreement also includes a lease agreement for a cutting-edge digital forensics lab and training facility, underlining Excite's commitment to enhancing collaboration with Australian Intelligence and Law Enforcement agencies.

Excite's CEO, Bryan Saba, expressed excitement about the acquisition, highlighting the potential for growth and the opportunity to lead the incident response sector with innovative solutions. The integration of CDFS's capabilities is expected to bring added value to clients and partners by bolstering cyber security defence strategies and incident response expertise.

Looking ahead, this acquisition positions Excite to expand its revenue streams and strengthen existing partnerships within the digital forensics and cyber security landscape. The joining of forces between Excite and CDFS sets the stage for a new chapter of enhanced services and strategic growth in the evolving field of digital security.

FAQ Section:

1. What is Excite Technology Services Limited's recent acquisition?Excite Technology Services Limited has acquired CBIT Pty Limited and related entities, collectively known as CDFS (CBIT Digital Forensic Services), to enhance its offerings in the Incident Response and Digital Forensics domains.

2. What are the financial terms of the acquisition?The acquisition involves an initial settlement payment in cash and shares, with additional considerations linked to CDFS's future performance.

3. What does the agreement include besides the acquisition?Besides acquiring CDFS, the agreement includes a lease agreement for a state-of-the-art digital forensics lab and training facility, emphasizing Excite's commitment to collaboration with Australian Intelligence and Law Enforcement agencies.

4. How does Excite's CEO, Bryan Saba, view the acquisition?Excite's CEO, Bryan Saba, is excited about the acquisition, seeing it as an opportunity for growth and innovation in the incident response sector.

5. What benefits are expected from the integration of CDFS's capabilities?The integration of CDFS's capabilities is anticipated to add value to clients and partners by strengthening cyber security defence strategies and incident response expertise.

Key Definitions:- Cyber Security: The practice of protecting systems, networks, and programs from digital attacks.- Digital Forensics: The process of uncovering and interpreting electronic data for use in legal proceedings.- Incident Response: The methodology for responding to and managing security incidents in computer systems.

Related Link:- Excite Technology Services Limited Website