Infotrust seals Catalyst Cyber deal to deepen federal cyber footprint

The latest update is out from Spirit Technology Solutions Ltd. ( (AU:ITS) ).

Infotrust has completed the acquisition of Canberra‑based cyber security consultancy Catalyst Cyber, which specialises in serving Federal Government clients with security‑cleared staff and high‑assurance cyber services. The deal reinforces Infotrust’s cyber‑first growth strategy and deepens its presence in regulated sovereign cyber markets, particularly among Commonwealth and defence‑aligned customers.

The transaction was settled with a mix of $1.6 million in cash and 1,871,156 Infotrust shares at completion, with half of those shares voluntarily escrowed for two years. A performance‑linked structure based on a 5x multiple of forecast FY26 EBITDA, plus earn‑out provisions at a 6x multiple for EBITDA above the FY26 baseline, ties final consideration and additional share issuance to Catalyst Cyber’s actual earnings and retention of key personnel, aligning vendor incentives with long‑term operational performance.

The most recent analyst rating on (AU:ITS) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on Spirit Technology Solutions Ltd. stock, see the AU:ITS Stock Forecast page.

More about Spirit Technology Solutions Ltd.

Infotrust Ltd is an Australian sovereign cyber security and managed technology provider that helps organisations remain secure, compliant and connected through integrated services and resilient technology solutions. The company focuses on regulated and high‑assurance environments, including Federal Government and defence‑aligned customers, leveraging specialist cyber security capabilities across advisory, engineering, incident response and assurance services.

Average Trading Volume: 25,933

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$85.58M

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