Accenture to Acquire Australian Cybersecurity Leader CyberCX for Over A$1 Billion

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

CyberCX, established in Melbourne in 2019 through the merger of 12 smaller firms backed by private equity group BGH Capital, has rapidly grown to employ approximately 1,400 professionals. The company 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.

Accenture's decision to acquire CyberCX aligns with its strategy to bolster its cybersecurity services amid a global surge in cyber threats. Since 2015, Accenture has completed 20 security-related acquisitions, including recent purchases of Brazilian cyber defense firm Morphus, MNEMO Mexico, and Spain-based Innotec Security. 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."

CyberCX is led by CEO John Paitaridis, formerly managing director of Optus Business, and Chief Strategy Officer Alastair MacGibbon. The company has established strong ecosystem partnerships with major cybersecurity players such as Microsoft, Palo Alto Networks, and CrowdStrike, consistently winning awards as one of the top managed service and system integrators in the region. This success is underpinned by extensive expertise, showcased through over 2,600 certifications.

The acquisition comes amid a sharp rise in cyberattacks targeting Australian businesses. Recent high-profile breaches include a 2022 incident at Optus that compromised the personal data of up to 10 million people, as well as a similar-scale hack at Medibank. In July 2025, Qantas Airways revealed that hackers accessed information from a call center, affecting roughly six million customers. Accenture's acquisition of CyberCX is timely, considering its recent "State of Cybersecurity Resilience 2025" report, which found that 97% of Australian organizations are not adequately prepared to secure their AI-driven future.

The Australian Financial Review valued the transaction at over A$1 billion (approximately $650 million USD). The deal is subject to customary closing conditions, including regulatory approvals.

Accenture's acquisition of CyberCX represents a significant step in strengthening its cybersecurity capabilities in the Asia-Pacific region. The integration of CyberCX's expertise and regional presence is expected to enhance Accenture's ability to address the growing cybersecurity challenges faced by organizations in the region.