Anabelle Colaco
16 Aug 2025, 17:11 GMT+10
DUBLIN, Ireland: Accenture has announced it will acquire Australian cybersecurity provider CyberCX, which it says will be its largest-ever purchase in the sector, as demand for cyber defense services soars worldwide.
The Australian Financial Review valued the deal at over A$1 billion (US$650 million).
The seller is private equity firm BGH Capital, which created CyberCX in 2019 by merging 12 smaller cybersecurity companies. Neither Accenture nor BGH Capital has confirmed the valuation or provided additional financial details.
The acquisition comes amid a surge in cyberattacks targeting industries from healthcare to finance. Increasingly sophisticated threats are disrupting operations and exposing sensitive data.
CyberCX employs about 1,400 staff and operates security operations centres across Australia and New Zealand, as well as offices in London and New York.
For Accenture, the deal marks the latest in a series of security-focused acquisitions. Since 2015, the Dublin, Ireland headquarted company has completed 20 such purchases, including Brazilian cyber defense firm Morphus, MNEMO Mexico, and Spain-based Innotec Security.
"Client demand for cybersecurity services is accelerating as data and digital environments become increasingly connected and heightened threats are exposed across operational value chains, supply chains, and the enterprise," said Peter Burns, who heads Accenture's operations in Australia and New Zealand.
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationNEW YORK, New York - Profit-taking continued to weigh on U.S. stock markets on Thursday with the technology sector again taking the...
NEW YORK CITY, New York: Exclusive members club operator Soho House will leave the stock market in a US$2.7 billion deal led by New...
SANTA CLARA, California: Intel will receive a US$2 billion equity investment from Japan's SoftBank Group, giving the struggling U.S....
SAN FRANCISCO, California: OpenAI has introduced its most affordable subscription yet, ChatGPT Go, an India-only plan priced at Rs399...
NEW YORK, New York - Profit-taking in the tech sector saw the Nasdaq Composite dip again Wednesday, however the broader market was...
MONTREAL, Canada: Air Canada's operations were paralyzed on the morning of August 18 after striking flight attendants refused to comply...
LONDON, U.K.: For now, America's wealthier consumers appear unfazed by price increases on high-end products, from Birkenstock sandals...
(Photo credit: Charles LeClaire-Imagn Images) The New York Yankees announced on Wednesday that they have signed right-handed pitcher...
(Photo credit: Marc Lebryk-Imagn Images) -- with starts against Illinois and Oregon -- Browne threw for 532 total yards and four...
(Photo credit: David Banks-Imagn Images) The Chicago Bulls will retire former NBA MVP Derrick Rose's No. 1 jersey on Jan. 24, the...
(Photo credit: Denis Poroy-Imagn Images) In making five deals on the trade deadline day last month, the San Diego Padres sought to...
(Photo credit: David Banks-Imagn Images) Any concern about the major-league-leading Milwaukee Brewers losing three straight games...
