Accenture to Acquire Australia-Based CyberCX for A$1 Billion

Accenture has announced its agreement to acquire CyberCX, a leading cybersecurity services provider based in Melbourne, Australia. This acquisition, valued at over A$1 billion (approximately $650 million USD), marks Accenture's largest cybersecurity deal to date and is expected to significantly enhance its cybersecurity capabilities in the Asia-Pacific region.

CyberCX was established in 2019 through the merger of 12 smaller firms backed by BGH Capital. The company has grown to employ approximately 1,400 professionals and offers a comprehensive range of services, including consulting, transformation, managed security services, offensive security, crisis management, threat intelligence, and managed detection and response. CyberCX operates security operations centers across Australia and New Zealand, with additional offices in London and New York.

The acquisition is subject to customary closing conditions, including regulatory approvals. Accenture has been expanding its cybersecurity capabilities since 2015, having completed 20 previous security-related acquisitions.

This strategic move comes amid a global surge in cyberattacks, with industries from healthcare to finance facing increasingly sophisticated threats. Accenture's acquisition of CyberCX is expected to bolster its cybersecurity services in the Asia-Pacific region, enhancing its ability to build business resilience, protect critical infrastructure, and drive secure enterprise reinvention amidst an increasingly complex regulatory and threat landscape.

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. Their leadership has been instrumental in establishing CyberCX as a trusted partner for government agencies, defense, critical infrastructure, and large enterprises across Australia and New Zealand.

The Asia-Pacific cybersecurity market is expected to grow from $74.22 billion in 2025 to $141.04 billion by 2030. As cyber threats become more sophisticated and pervasive, especially in industries like aviation and critical infrastructure, organizations are seeking integrated and agile managed security services. The acquisition of CyberCX positions Accenture to meet this growing demand by offering AI-driven defense capabilities and addressing the region's talent gap amid rising cyber threats targeting critical infrastructure and enterprise networks.

Paolo Dal Cin, global lead for Accenture Cybersecurity, stated:

"CyberCX and Accenture share a mission to harness the power of cyber to help our clients securely navigate change, accelerate business reinvention and build resilience against evolving threats."

Accenture's acquisition of CyberCX marks a significant milestone in the company's ongoing efforts to expand its cybersecurity capabilities globally. By integrating CyberCX's expertise and regional presence, Accenture aims to provide comprehensive, AI-driven cybersecurity solutions to clients across the Asia-Pacific region, addressing the escalating challenges posed by sophisticated cyber threats.