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EY cements lead in cybersecurity with acquisition of Aleron

EY Australia acquires the business and assets of Sydney-based cybersecurity firm Aleron.

EY Australia acquires the business and assets of Sydney-based cybersecurity firm, Aleron specialising in cybersecurity strategy, architect design and implementation. EY strengthens its position as the largest cybersecurity provider in the Australian professional services sector. As part of the asset acquisition, EY will acquire Aleron’s cybersecurity analytics and risk reporting platform – eDNA – and plans to scale the platform globally.

EY Australia has furthered its push in the cybersecurity sector with the acquisition of the business and assets of Sydney-based cyber consultancy, Aleron.

Aleron specialises in cybersecurity strategy, architecture design and implementation across a broad range of industry sectors including financial services, retail and government.

Aleron founders Mark Wroniak and Alex Morkos, will join EY as partners, bringing with them 36 staff and contractors across Australia.

Cements their lead in cyber security services

EY Oceania Cybersecurity Leader, Anthony Robinson said the acquisition strengthens the firm’s position as the largest cybersecurity provider in the professional services sector.

“EY has the largest cybersecurity division of the big four firms with more than 300 dedicated cybersecurity professionals, which demonstrates our commitment to meeting rising client demand for cyber operations.

The acquisition of Aleron will build on our growing capability to deliver end-to-end cyber resilience for clients as they embrace new and disruptive technologies such as cloud, robotics and Internet of Things. 

Today’s announcement closely follows the launch of our largest cybersecurity facility in the Asia-Pacific region in Melbourne, which forms part of our network of cybersecurity centres globally.”

EY Oceania Chief Executive Officer and Managing Partner, Tony Johnson said: 

“This acquisition demonstrates our continued growth in digital services where we are already undertaking work in large scale supply chain transformation, blockchain, and intelligent automation.

Over the past 12 months we have strengthened our SAP integration capability with the acquisition of Plaut, bolstered our digital consulting services with the addition of Adelphi, and acquired innovative economic modelling automation technology with our Cadence acquisition. We will continue to invest in digital skills and intellectual property to meet the growing needs of our clients”

New powerful IP to help boards protect against cyber threats

As part of the acquisition, EY will acquire Aleron’s cybersecurity analytics and risk reporting platform – eDNA – a tool that enables companies to view the health of IT systems in real time and identify where to focus efforts and budget to reduce cyber risk. EY plans to scale the platform globally in addition to its existing suite of cybersecurity capabilities.

“It’s critical that cybersecurity is at the core of business strategy rather than just being seen as an off-the-shelf technology solution. Having worked extensively with some of Australia’s largest organisations, Aleron will bring a unique understanding of business acumen coupled with a technological capability to create that important link to the C-suite and board,” Mr. Robinson said.

“We look forward to working with the team at EY to expand our services and we are excited to be a part of a global rollout of our locally developed eDNA tool. Our experience as an end-to-end solution provider, coupled with our unique technology offering will enable us to leverage data-driven solutions for clients to address their concerns around cyber risk and translate that into real actions to resolve them.” Mr Wroniak said.

Source : EY Press Release

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