Seisma has acquired Melbourne-based cybersecurity firm Q1 Group to enhance its cybersecurity capabilities and expand its service offerings in response to increasing market demand.

Information on the Target

Seisma, a prominent player in IT professional services, has expanded its portfolio by acquiring Q1 Group, a cybersecurity firm based in Melbourne. Founded in 2005, Q1 Group specializes in a variety of services including cybersecurity, IT risk management, data analytics, threat and incident management, financial crime and fraud investigations, and cloud security. The company boasts a talented workforce of over 160 employees spread across Melbourne, Sydney, Canberra, and Queensland.

Industry Overview in Australia

The Australian cybersecurity industry has seen significant growth in recent years, driven by an increase in cyber threats and the rise of digital transformation across various sectors. According to the Australian Cyber Security Centre (ACSC), the number of reported cyber incidents has surged, highlighting the urgent need for robust cybersecurity measures among organizations of all sizes.

As a result, investments in cybersecurity solutions have become paramount as businesses aim to protect their sensitive data and maintain their reputation amidst growing regulatory r