Infotrust acquires Canberra-based cyber security consultancy

Infotrust has agreed to acquire 100% of Canberra‑based specialist cyber security firm Catalyst Cyber Pty Ltd in a performance‑linked transaction valued at approximately $5 million.

The acquisition consideration comprises of approximately $3.5 million in cash and $1.5 million in Infotrust shares, based on a 5x multiple of Catalyst Cyber’s underlying EBIT.

An uncapped earn‑out mechanism, calculated at a 6x multiple of incremental EBIT growth delivered across FY27 and FY28, has also been included in the acquisition agreement to align management incentives with long‑term shareholder value creation.

Founded and led by George Katavic, Catalyst Cyber has expertise in federal government cyber assurance, advisory and compliance‑driven engagements. Katavic brings more than 20 years of specialist cyber security management experience, having built a business focused on delivering services into tightly regulated and high‑assurance environments.

Catalyst Cyber provides Infotrust with immediate entry into the federal government cyber security market through established agency relationships, security‑cleared personnel, and specialist accreditations across IRAP assessments and the Essential Eight framework.

These capabilities complement Infotrust’s existing managed security, 24x7 Security Operations Centre and digital forensics offerings, while materially expanding its reach into accreditation‑driven procurement environments.

“The acquisition strengthens our sovereign cyber capability and supports our strategy to build a scaled, Australian‑owned platform focused on regulated and high‑assurance environments,” MD and CEO of Infotrust, Julian Challingsworth said.

Katavic said Infotrust’s operational maturity and sovereign operating model aligns closely with the expectations of high‑assurance customers.

“Together, we are better positioned to support long‑term cyber resilience across public sector and regulated environments,” Katavic said.

The acquisition follows a series of actions by Infotrust to sharpen its focus on "sovereign" cyber security, including the divestment of Nexgen to Aussie Broadband in February and the recent appointment of Chris Hatfield to lead its Forensic IT capability.

In September of last year, Spirit Technologies and Infotrust aligned under a single national brand of Infotrust. 

Spirit itself acquired Infotrust back in 2024 for $34.6 million.

Infotrust's financial results for the half year period to 31 December 2025 revealed revenue rising to $31.1 million, up 9% from H1 FY25, but underlying EBITDA falling 38% to $356,000.