Melbourne, Australia [Thursday 19th March 2026] - Infotrust Ltd (ASX: ITS) has agreed to acquire 100% of Canberra‑based Catalyst Cyber Pty Ltd in a performance‑linked transaction valued at approximately $5 million, securing immediate access to high‑barrier federal government cyber security markets and strengthening Infotrust’s position as a sovereign Australian cyber security provider.
The acquisition consideration comprises 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 been included to align management incentives with long‑term shareholder value creation. Founded and led by George Katavic, Catalyst Cyber is a Canberra‑based specialist cyber security firm with deep 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.
Managing Director and CEO of Infotrust, Julian Challingsworth said, “Catalyst Cyber provides Infotrust with immediate access to federal government cyber security markets that are characterised by high barriers to entry and stringent assurance requirements.”
“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,” Challingsworth said.
Founder and Managing Director, Catalyst Cyber, George 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 deliberate strategic actions by Infotrust to sharpen its focus on sovereign cyber security, including the divestment of its Cloud and Communications segment and the recent appointment of Chris Hatfield to lead its Forensic IT capability. Together, these moves reflect a targeted reallocation of capital and capability towards higher‑growth, higher‑assurance cyber security services, strengthening the group’s depth across managed security services, incident response, digital forensics and complex cyber investigations, and reinforcing its end‑to‑end offering across prevention, detection, response and recovery for government and regulated customers.
About Infotrust
Infotrust (ASX: ITS) is Australia’s leading cyber security and technology services provider. With a national team of over 250 professionals, including 200+ cyber specialists, Infotrust delivers integrated technology solutions that protect digital assets, enable transformation, and strengthen Australia’s cyber resilience.
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