Sovtech
Sovtech is an Australian cybersecurity advisory firm, founded in 2024, that delivers governance, risk, compliance, and offensive security services to Australian Federal Government, ASX Top 20 companies, financial institutions, and critical infrastructure operators in Australia and New Zealand, using a social procurement model that directs service margin to health and education charities.
- Company typePrivate
- Founded2024
- HeadquartersBrisbane, Queensland, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Sovtech does
Sovtech is an Australian cybersecurity services firm headquartered in Upper Coomera, Queensland, with a regional office in Auckland, New Zealand. Founded in 2024 by Neil Templeman — previously co-founder and owner of Baidam Solutions — the company positions itself as Australia and New Zealand's first social procurement platform for cyber and technology. Its service portfolio spans advisory (security strategy, risk management, and compliance covering PCI, CPS234, ISO27001), Security-as-a-Service (virtual CISO and virtual security team offerings), and offensive security (penetration testing across web, mobile, network, wireless, and IoT, plus secure code review).
The company's distinguishing commercial feature is its 'procurement with purpose' model, under which profit from technology and cybersecurity engagements is directed to charitable partnerships focused on health and educational outcomes, including Women Up North, CureKids, Butterfly Foundation, QATSIF, and Litehaus International. Sovtech monetises through professional services engagements, vendor referral arrangements with nine technology providers (Akamai, Abnormal, Cyera, Cribl, Cyble, Delinea, Security Scorecard, Sendmarc, and Varonis), and recurring social procurement relationships. Target customers are Australian Federal Government, ASX Top 20 listed companies, financial institutions, and critical infrastructure operators across Australia and New Zealand.
The organisation operates with approximately nine employees, anchored by a leadership bench that includes Founder/Director Neil Templeman and four named senior advisors — Bobby Jafari (founder of nForceIT), Amit Chaubey (Chair of AISA NSW and National Cybersecurity Advisor for the Australia India Business Council), and Sam Ghebranious (former Head of Enterprise Security ANZ at Akamai and Senior Regional Director ANZ at Forcepoint) — plus a Queensland-based Sales Development Representative. Pricing is quote-based with multi-year enterprise contracts; no public pricing is disclosed, and no external funding rounds have been documented.
Sovtech firmographics
Firmographics- Name
- Sovtech
- Legal name
- SovTech
- Website
- https://sovtech.com.au
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Sovtech is an Australian cybersecurity advisory firm, founded in 2024, that delivers governance, risk, compliance, and offensive security services to Australian Federal Government, ASX Top 20 companies, financial institutions, and critical infrastructure operators in Australia and New Zealand, using a social procurement model that directs service margin to health and education charities.
- Ownership category
- akta.pro rank
Sovtech industry classification
Industry- Product category
- Cybersecurity Advisory Services
- NAICS
- Other Computer Related Services (541519), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Privacy, Data Protection & Cyber Governance (GRC) (BPAHAFAF)
- akta.pro secondary industry
- IT Risk Management (ITRM) (HDADAIAD)
Keywords
Where Sovtech is headquartered
LocationHeadquarters
- HQ city
- Brisbane, Queensland
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Sovtech business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- Technology and Cybersecurity Advisory Services: Revenue generated from providing cybersecurity advisory services including governance, risk management, compliance, penetration testing, and virtual CISO services to enterprise and government clients
- Vendor Partnership Revenue: Revenue through vendor partnerships with technology providers (Akamai, Abnormal, Cyera, Cribl, Cyble, Delinea, Security Scorecard, Sendmarc, Varonis) through referral and integration arrangements
- Social Procurement Platform: Innovative business model where profit from technology or cyber spend is repurposed to charity of choice or selected partnerships, creating a sustainable social impact revenue model
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise/Government Custom Pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Sovtech product offering
Product offeringCore offering
Sovtech provides cybersecurity advisory and offensive security services to enterprise and government clients across Australia and New Zealand, including cyber governance, risk management, regulatory compliance (PCI, CPS234, ISO27001), Security-as-a-Service (virtual CISO and virtual security team), and penetration testing across web, mobile, network, wireless, and IoT environments. The company operates a social procurement model that redirects profit from client technology and cyber spend to charitable partnerships supporting health and educational outcomes.
Product overview
Sovtech is an Australian cybersecurity services company offering advisory/consulting services and offensive security assessment services. Their portfolio consists of Advisory Services (including security strategy, risk management, and compliance consulting), Security-as-a-Service (virtual CISO and virtual security team offerings), Penetration Testing Services across multiple domains (web, mobile, network, wireless, IoT), and Secure Code Review. The company operates a social procurement model, redirecting profits from technology and cyber spend to charitable partnerships focused on health and educational outcomes.
Differentiator
Problem solved
Functional benefit
Products and services
- Advisory Services Cybersecurity advisory consulting services covering cyber governance (Security Strategy, Security Roadmap, Executive Reporting, Critical Infrastructure review), risk management (Internal and Third Party Risk Assessments), and policy framework development for enterprise and government clients in Australia and New Zealand.
- Compliance Services Regulatory and standards compliance advisory covering PCI Compliance, CPS234 Audits, ISO27001 implementation, and policy framework development for organizational security governance.
- Security-as-a-Service On-demand managed security services providing Virtual CISO and Virtual Security Team capabilities, enabling organizations to access senior cybersecurity expertise without permanent hiring.
- Penetration Testing Services Offensive security penetration testing across web applications, mobile applications, internal networks, external networks, wireless networks, and hardware and IoT devices to identify vulnerabilities.
- Secure Code Review Application security assessment service that reviews source code to identify security vulnerabilities and coding weaknesses before deployment.
Quantifiable outcome
- Transformative impact on health and educational outcomes for Australian and New Zealand communities
Companies that use Sovtech
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Sovtech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Sovtech partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor and core.
- Women Up NorthminorCharitable partnership supporting women in northern regions of Australia. Part of Sovtech's social procurement model that redirects technology/cyber spending to community causes.
- CureKidsminorNew Zealand-based charity focused on children's health. Sovtech's social procurement model allows organizations to direct technology spending to support CureKids initiatives.
- Butterfly FoundationminorAustralian eating disorder support organization. Partnership enables organizations to contribute to mental health outcomes through their technology procurement decisions.
- QATSIF (Queensland Aboriginal and Torres Strait Islander Foundation)minorFoundation supporting Aboriginal and Torres Strait Islander students. Sovtech's model allows organizations to direct profit from tech/cyber spend to support educational outcomes.
- Litehaus InternationalminorInternational charity organization. Partnership extends Sovtech's social impact reach globally through technology and cyber procurement.
- AkamaicoreAkamai is a leading cloud platform and cybersecurity provider. Sovtech offers Akamai solutions as part of their comprehensive cybersecurity portfolio.
- Abnormal SecuritycoreCloud-native email security platform. Sovtech integrates Abnormal's solutions into their cybersecurity offerings.
- CyeracoreData security posture management platform. Sovtech provides access to Cyera's data security capabilities as part of their service offerings.
- CriblcoreData management and observability platform. Sovtech integrates Cribl solutions into their technology stack for enhanced security analytics.
- CyblecoreAI-powered cyber threat intelligence platform. Sovtech offers Cyble's threat intelligence services to their enterprise clients.
- DelineacorePrivileged access management and secrets management solutions. Sovtech integrates Delinea's PAM capabilities into their security offerings.
- Security ScorecardcoreCybersecurity ratings platform. Sovtech leverages Security Scorecard for security posture assessments and third-party risk evaluation.
- SendmarccoreEmail security and DMARC protection platform. Sovtech offers Sendmarc solutions to protect clients from email-based threats and spoofing.
- VaroniscoreData security and analytics platform. Sovtech integrates Varonis solutions for data protection and insider threat detection.
- nForceITcorenForceIT is a boutique IT and cybersecurity managed services provider founded by Bobby Jafari. Website development was powered by nForceIT, indicating an ongoing technical partnership.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Sovtech competitors and assessment
Company assessmentBroad incumbents
- Tesserent: ANZ-headquartered cybersecurity company (now part of Thales/operationally merged with CyberCX-adjacent entities) offering advisory, managed detection, and offensive security. Comparable as an established ANZ cyber services incumbent competing for the same federal and ASX buyer segments.
- KPMG Australia (Cyber practice): Big 4 professional services firm with a sizable ANZ cybersecurity advisory and risk practice serving federal government, ASX Top 20, and financial services clients. Comparable as a broad incumbent competing for the same GRC and cyber risk engagements Sovtech pursues.
- CyberCX: Australia and New Zealand's largest dedicated cybersecurity services firm, offering advisory, managed security, and offensive security across federal government, ASX-listed, and critical infrastructure customers. Comparable as the dominant ANZ incumbent Sovtech targets, but operates at much greater scale.
- Mandiant: Global cybersecurity advisory and incident response firm (now part of Google Cloud) providing strategic advisory, threat intelligence, and managed defense. Comparable as a large-scale incumbent competing for high-end government and ASX-level cyber advisory mandates that Sovtech also targets.
Direct peers
- Baidam Solutions: ANZ-focused cybersecurity advisory and solutions provider. Directly comparable because it was co-founded and previously owned by Sovtech's founder Neil Templeman, operates in the same ANZ market, and delivers cyber services to Indigenous, government, and enterprise customers.
- Sekuro: Australian cybersecurity consulting firm providing advisory, managed security, and offensive services to enterprise and government clients in ANZ. Comparable because it is a similar-sized boutique advisory competing in the same ANZ market segments.
- Salt Group: Australian cybersecurity and identity management firm with advisory, managed, and consulting services in ANZ. Comparable as a boutique ANZ cyber services competitor overlapping in GRC and identity-related advisory.
- Sense of Security: Australian cybersecurity consultancy offering advisory, penetration testing, managed security, and compliance services to ASX-listed and government customers. Comparable boutique ANZ advisory competing in the same service categories as Sovtech.
- Loop Secure: Australian cybersecurity advisory and managed services firm specializing in governance, risk, compliance, and offensive security for enterprise and government. Comparable because of similar boutique scale, ANZ focus, and GRC/pen testing service overlap with Sovtech.
- Bastion Security: ANZ-based managed security services provider offering advisory, SOC, offensive security, and compliance support. Comparable boutique ANZ cyber services competitor targeting enterprise and government customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Sovtech social profiles
Digital presenceSovtech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sovtech leadership team
Management profileNumber of profiles
Profiles5 records
Sovtech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sovtech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sovtech
What does Sovtech do?
Sovtech provides cybersecurity advisory and offensive security services to enterprise and government clients across Australia and New Zealand, including cyber governance, risk management, regulatory compliance (PCI, CPS234, ISO27001), Security-as-a-Service (virtual CISO and virtual security team), and penetration testing across web, mobile, network, wireless, and IoT environments. The company operates a social procurement model that redirects profit from client technology and cyber spend to charitable partnerships supporting health and educational outcomes.
Is Sovtech a public or private company?
Sovtech is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Sovtech founded?
Sovtech was founded in 2024. It employs 1 to 10 people.
Where is Sovtech based?
Sovtech is headquartered in Brisbane, Queensland, Australia, in the Oceania region.
How does Sovtech make money?
Three revenue lines are on record. Technology and Cybersecurity Advisory Services are the primary driver. The others are vendor Partnership Revenue and social Procurement Platform.
Who are Sovtech's main competitors?
Broad incumbents on record are Tesserent, KPMG Australia (Cyber practice), CyberCX and Mandiant. Direct peers are Baidam Solutions, Sekuro, Salt Group, Sense of Security, Loop Secure and Bastion Security.
Does Sovtech have an API?
No public API is recorded for Sovtech.
What industry is Sovtech in?
Sovtech's product category is Cybersecurity Advisory Services. Its primary akta.pro industry code is BPAHAFAF, Privacy, Data Protection & Cyber Governance (GRC), with a secondary code of HDADAIAD, IT Risk Management (ITRM). Its NAICS code is 541519 and its SIC code is 7370.