A quartet of Australian consulting firms has negotiated a merger to form a new company that plans to take on the growing cyber security practices of the big four consulting firms, and go public on the Australian Securities Exchange next year.

The new company will be called Sekuro and combines the formerly separate firms Privasec, Solista, CXO Security and Naviro in a deal that the founders said involved no typical M&A buyouts and represented a tactical alliance that would make the combined entity stronger than the individual parts.