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 Hong Kong Herald 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 Hong Kong Herald.
More InformationSHANGHAI, China: Swiss watchmaker Swatch has apologised and withdrawn a global advertising campaign after images featuring an Asian...
HONG KONG: The closing arguments in the national security trial of Hong Kong pro-democracy media tycoon Jimmy Lai were unexpectedly...
BEIJING, China: China's industrial output growth slowed to its weakest pace in eight months in July, while retail sales also lost momentum,...
LONDON, U.K.: For now, America's wealthier consumers appear unfazed by price increases on high-end products, from Birkenstock sandals...
(250820) -- LHASA, Aug. 20, 2025 (Xinhua) -- Chinese President Xi Jinping, also general secretary of the Communist Party of China Central...
(250820) -- LHASA, Aug. 20, 2025 (Xinhua) -- Chinese President Xi Jinping, also general secretary of the Communist Party of China Central...
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...
SYDNEY, Australia: Google has agreed to pay a A$55 million (US$35.8 million) fine in Australia after regulators found it stifled competition...
SYDNEY, Australia: Australia's flag carrier Qantas Airways has been ordered to pay A$90 million (US$58.6 million) after a court ruled...
NEW YORK, New York - Tech stocks led a downturn on U.S. stock markets on Tuesday as majors including Nvidia fell sharply. The AI trade...
WASHINGTON, D.C.: The U.S. Department of Agriculture (USDA) will invest up to US$750 million to construct a new production facility...
