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Seisma buys Melbourne cybersecurity firm Q1 Group

April 02, 2024

Read time: 3 min

IT professional services company Seisma has acquired Melbourne-headquartered cybersecurity firm Q1 Group for an undisclosed fee. 

Founded in 2005, Q1 Group offers services covering cybersecurity, IT risk, data analytics, threat and incident management, financial crime and fraud investigations, and cloud security, 

The firm has over 160 staff based in Melbourne, Sydney, Canberra and Queensland.

Seisma said the acquisition will enhance its cybersecurity capabilities and position the company as a full-service IT professional services provider.

"We are excited to welcome Q1 into the Seisma Group family. This acquisition aligns with our commitment to delivering comprehensive IT solutions to our clients," said Rob Hogeland, CEO of Seisma.

"By integrating Q1 Group's cybersecurity technologies and talented team into our business, we are well-equipped to address the evolving cybersecurity challenges faced by our customers today."

"We are excited about the possibilities that this acquisition brings and the value it will add to our clients and Seisma Group as a whole."

Q1 Group is Seisma's sixth acquisition in four years and follows the company's purchase of Sydney data and AI company Data Addiction in June 2023.

Prior to that, Seisma snapped up New Zealand's Fronde Group in 2022, Melbourne Salesforce partner Smartapps and Perth IT consulting firm Braestone in 2021, and Melbourne cloud migration specialists coIB in 2020.

Seisma was acquired by ASX-listed PS&C for $11 million in 2018.

"Joining forces with Seisma Group presents an exciting opportunity for our team and clients alike," said Tracey Hughes, managing director of Q1 Group.

"Together, we can offer a comprehensive suite of IT services alongside our cybersecurity solutions that empower organisations to safeguard their digital assets, mitigate cyber threats effectively and innovate faster than ever before."

By Andrew Starc | CRN 2 April 2024