ctrl:cyber - Razilio

WA-05061

Ctrl Bidco Pty Ltd (**ctrl:cyber**) proposes to acquire 100% of the issued shares in Razilio Pty Ltd, trading as Razilio (**Razilio**), from Horatio Investments Pty Ltd as trustee for Horatio Investment Holdings (the **Acquisition**). ctrl:cyber is an Australian-based provider of end-to-end cybersecurity, privacy and AI-governance services, servicing clients across Australia. Its brands include ‘ctrl:cyber’ (its core brand) and ‘elevenM’ (a business that provides privacy, cybersecurity, artificial intelligence and data governance solutions). Razilio is an Australian-based boutique cybersecurity and cyber resilience consulting business, servicing clients predominantly in New South Wales, Victoria and Queensland. Its brands include ‘Razilio’ (its core brand) and ‘Meerkat’ (a continuous exposure/attack-surface monitoring product). Both ctrl:cyber and Razilio provide cybersecurity governance, risk and compliance advisory, cyber incident response planning and support, cyber threat detection and defence posture monitoring, and cyber awareness and training.

Status

Assessment completed

Determination

Approved

Stage

Waiver application

Notified

20 October 2026

Acquirers

  • CTRL BIDCO PTY LTD

Targets

  • The Trustee for Horatio Investment Holdings
  • RAZILIO PTY LTD
  • HORATIO INVESTMENTS PTY LTD