Sydney-based managed IT services provider Efex has wrapped up its fifth acquisition in the past 18 months after securing full-service managed cybersecurity services provider Datcom.
Efex says the acquisition of the fellow Sydney-based company will strengthen its capabilities to support high performing, mid-market businesses in capital cities and rural and regional locations in Australia and New Zealand.
Founded and led by Nick Sheehan, Efex has grown to service more than 7,500 customers from 22 trans-Tasman locations providing services including IT support, cloud computing, network management and IT consulting to help businesses improve productivity.
“Strengthening Efex’s cybersecurity offering has been a priority for Efex in the wake of increased cyber breaches and breach attempts,” says Sheehan, the CEO of Efex.
“This is not surprising as the most recent data from the Office of the Australian Information Commissioner (OAIC) shows there were more than 500 notifiable breaches for Australian businesses in a six-month period.”
The notifiable data breaches for 2024 recorded by the OAIC were up by 34 on the previous year.
“Acquiring Datcom, a recognised leading provider, ensures we satisfy that priority for all our clients,” says Sheehan.
Dataom was founded in 1997 by Jay Sayed and the group services a range of clients, from startups to government agencies and multinational corporations. Efex says Datcom has become a “cybersecurity services leader and trusted partner of many esteemed Australian organisations”.
“The Datcom team are experts in this highly complex and continuously evolving landscape, which is increasingly difficult for businesses to navigate,” says Sheehan.
“Our integration will deliver more sophisticated cybersecurity support for our clients across the Trans-Tasman, leveraging advanced automation and in-depth threat analysis to help our clients identify vulnerabilities and build more resilient systems.”
The deal for Datcom builds on an aggressive expansion strategy by Efex, which secured four acquisitions in 2024, comprising Adelaide-based Aish IT, Canberra’s Wyscom, Geelong-based Worldmark Corporate Consulting, and medical IT solutions business Medihost.
The company says the acquisitions are aimed at strengthening its geographical presence in new states and territories while expanding its managed service offering.
Datcom and Efex plan to prioritise a seamless integration of both businesses over the next few months with Datcom to operate under the Efex brand.
The company plans to retain the existing team, led by Rube Sayed, the current general manager of Datcom Cloud.
Financial details of the acquisition have not been disclosed.
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