Accenture Acquires CyberCX to Enhance Cybersecurity Capabilities in Asia-Pacific

Accenture has announced its acquisition of Australian cybersecurity firm CyberCX, marking the company's largest deal in the sector to date. The transaction, valued at over A$1 billion (approximately $650 million USD), aims to bolster Accenture's cybersecurity capabilities in the Asia-Pacific region amid a global surge in cyber threats.

CyberCX, established in 2019 through the merger of 12 smaller firms backed by private equity firm BGH Capital, has rapidly grown into a leading cybersecurity provider in the Asia-Pacific region. The company employs approximately 1,400 staff and operates security centers across Australia and New Zealand, with additional offices in London and New York. CyberCX offers a comprehensive suite of services, including offensive security, cyber-physical security, crisis management, threat intelligence, managed detection and response, strategic advisory, identity, cloud, and network security. The firm has established strong partnerships with major cybersecurity players such as Microsoft, Palo Alto Networks, and CrowdStrike, and boasts over 2,600 certifications.

CyberCX is led by CEO John Paitaridis, formerly managing director of Optus Business, and Chief Strategy Officer Alastair MacGibbon, Australia's former national cybersecurity coordinator.

This acquisition aims to bolster Accenture's cybersecurity capabilities in the Asia-Pacific region amid a global surge in cyber threats. Peter Burns, who leads Accenture’s business in Australia and New Zealand, stated, "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."

Accenture has been expanding its cybersecurity capabilities since 2015, having completed 20 previous security-related acquisitions.

The acquisition comes in the wake of several high-profile cyberattacks in Australia, including breaches at Optus in 2022, which exposed the personal data of up to 10 million users, and at health insurer Medibank, affecting nearly 10 million customers. In July 2025, Qantas Airways disclosed that criminals had infiltrated some of their centers, accessing personal information of millions.

While the Australian Financial Review valued the transaction at over A$1 billion, specific financial terms have not been disclosed by Accenture or BGH Capital.

This acquisition underscores the growing importance of robust cybersecurity measures in the face of escalating cyber threats. By enhancing its capabilities, Accenture aims to provide more comprehensive security solutions to clients, potentially setting a precedent for further consolidation in the cybersecurity industry.