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Accenture Strikes $650 Million Deal to Acquire CyberCX Amid Rising Cyber Threats

By  |  August 17, 2025

Accenture has announced plans to acquire Australian cybersecurity provider CyberCX, marking its largest-ever purchase in the digital security sector, according to Reuters. The Australian Financial Review has estimated the deal’s value at over A$1 billion (approximately $650 million).

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    The acquisition comes amid a sharp rise in cyberattacks targeting Australian businesses. Per Reuters, recent high-profile breaches have included a 2022 incident at Optus that compromised the personal data of as many as 10 million people, as well as a similar-scale hack at Medibank. In July, Qantas Airways revealed that hackers accessed information from a call centre, affecting roughly six million customers.

    CyberCX, headquartered in Melbourne, was established in 2019 through the merger of 12 smaller firms with backing from private equity group BGH Capital, which is now selling the company. The business employs around 1,400 staff and operates security centres throughout Australia and New Zealand, in addition to offices in London and New York. Its leadership team includes CEO John Paitaridis, formerly of Optus Business, and Chief Strategy Officer Alastair MacGibbon, Australia’s former national cybersecurity coordinator.

    Read more: Cybersecurity M&A Heats Up as Palo Alto Acquires CyberArk in $25B Deal

    According to Reuters, Accenture has declined to disclose further financial details of the transaction, and BGH Capital has not responded to requests for comment. The deal highlights growing demand for robust cybersecurity solutions as companies face increasingly sophisticated digital threats capable of disrupting operations and compromising sensitive information.

    Since 2015, Accenture has completed 20 security-related acquisitions, including Brazilian firm Morphus, Mexico-based MNEMO, and Spain’s Innotec Security. Earlier this year, the company entered a $700 million agreement with Telstra to integrate artificial intelligence into the telecom operator’s operations.

    Source: Reuters