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 Toronto Telegraph 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 Toronto Telegraph.
More InformationMINNETONKA, Minnesota: Shares of UnitedHealth Group have surged since Warren Buffett's Berkshire Hathaway disclosed ilast week it had...
NEW YORK, New York - There was little movement on Wall Street Monday as investors awaited news from the summit in DC involving...
SAN FRANCISCO, California: Current and former staff at OpenAI are preparing to sell nearly US$6 billion worth of shares in a secondary...
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...
NEW DELHI, India: On August 15, Prime Minister Narendra Modi used his Independence Day address to call for greater national self-reliance,...
WASHINGTON, D.C.: The Pan American Health Organization (PAHO) noted that measles cases are surging across the Americas, with North...
TORONTO, Canada: Air Canada suspended all flights early on August 16 after more than 10,000 flight attendants walked off the job, triggering...
Mumbai (Maharashtra) [India], August 19 (ANI): Women in Film (WIF) India, in collaboration with the Ministry of Information & Broadcasting's...
GTF Technologies Toronto [Canada], August 19: International Punjabi cinema is set to embrace a powerful new narrative with the upcoming...
(Photo credit: Charles LeClaire-Imagn Images) The Toronto Blue Jays will play the second of three games against the host Pittsburgh...
Share article Print article In one of the first communications of its kind, the British Columbia Wildfire Service has issued a...
