Infosys buys Australian IT consultancy The Missing Link for $98 million
Global technology consultancy Infosys has forked out almost $100 million for Sydney-headquartered cyber solutions and consulting firm The Missing Link, adding a team of more than 200 staff.
Established in 1997 by CEO Alex Gambotto, The Missing Link serves clients across sectors on cybersecurity, IT & cloud, and AI & automation, but Infosys in particular noted the cybersecurity expertise it will gain through the $98 million acquisition.
“Combining Infosys Cobalt’s cloud capabilities with The Missing Link’s deep cyber expertise, we’re delivering a new wave of end-to-end security solutions designed to protect and empower modern enterprises,” stated Infosys chief delivery officer Satish HC.
Infosys highlighted The Missing Link’s more than 200 highly-skilled cyber practitioners in areas such as strategic advisory, offensive and defensive security support, risk & compliance, and managed services as complemented by its innovative proprietary solutions, adding that the acquisition would bolster the firm's presence in the fast-growing Australian market.
Last year, fellow global tech consultancy Fujitsu made its own $300 million play downunder, while among others Indian rival Wipro has also been busy building up its local cyber capabilities. Then there are a host of sovereign competitors to contend with, including specialist roll-ups such as CyberCX, and increasing interest from the private equity sector.
Meanwhile, The Missing Link – which generates revenues of around $120 million and previously had a partnership with HLB Mann Judd – has outlets in Sydney and Melbourne along with a branch in the UK, and will continue to operate under its own name (with “an Infosys company” tag) and current leadership once the deal closes as expected by the end of the quarter.
“I’m incredibly proud of what our team has built over nearly three decades.” Gambotto stated. “This acquisition marks a significant milestone for us, allowing The Missing Link to leverage the immense expertise, platforms, and global reach of Infosys to better serve our customers and expand our capabilities. We’ve held out for the right partner; Infosys is that partner.”
The acquisition was part of a double international strike for Infosys, which has also spent $32 million picking up MRE Consulting in the US, a 200-plus-strong specialist energy & utilities sector business and technology advisory based out of Texas which Infosys said would bring it new capabilities in commodities trading and risk management.
