WebSecure specialises in implementing privileged access management (PAM), offering end-to-end services including licensing, implementation, maintenance and support, and on-going operational managed services.
It is an implementation partner of security vendor CyberArk, and the acquisition will make PwC Australia CyberArk's number one partner.
"Responding to the fast-moving and continuously evolving cyber threat landscape is more important than ever before," said PwC Australia partner and trust and risk business leader Corinne Best.
"Our clients need constant innovation and ingenuity to respond to critical cyber risks and our clients are telling us they prefer to source as many of these services as they can from a single service provider."
She added "The credentials of WebSecure as the longest serving and largest boutique implementation partner of global security company CyberArk are impressive. This acquisition continues to strengthen our scale and end-to-end Cybersecurity Advisory and implementation offering. With the WebSecure integration, we will have access to more skills, expertise and innovation which will allow us to deliver greater value and insight to our clients."
PwC Australia digital identity partner and cybersecurity and digital trust leader Mike Cerny said "We are excited about the opportunity to work alongside WebSecure, leveraging our talent acquisition capability to grow the practice as well as this much-needed skillset. PAM, and in particular CyberArk skills, are core to our cybersecurity growth strategy in Australia.
"Across Australia, the estimated number of CyberArk engineers with more than five years experience is around 50 resources in total. The acquisition means PwC Australia will hold one of the largest shares of that market, providing the foundations for us to grow a new wave of CyberArk specialists. WebSecure also brings intellectual property and capabilities in CyberArk licensing, implementation and managed services which together with PwC will create the most comprehensive PAM capability in the Australian market."
WebSecure owner Stewart Sim will join PwC Australia as a partner and will bring a team of specialised engineers to the firm's cybersecurity and digital trust practice.
"We are thrilled for WebSecure to become part of PwC Australia and look forward to combining our capabilities and further building our alliance with CyberArk," he said.
"There is a strong synergy between our organisations, to drive growth and sustained business outcomes, as well as our shared commitment to building a secure digital Australia."
Sim added "Joining PwC Australia is the ideal fit that will allow us to continue our growth trajectory. Leveraging our position in the market with PwC's cybersecurity and digital identity offerings, plus access to the firm's broad client network and global scale will enable us to accelerate our growth objectives for our clients and team."