Accenture announced the acquisition of Australian cybersecurity firm CyberCX in what is set to be its largest-ever deal in the sector, valued at over A$1 billion ($650 million) by the Australian Financial Review. The move comes as Australia grapples with a surge of major cyberattacks, including breaches at Optus, Medibank, and Qantas affecting millions of customers.
Founded in 2019 through the merger of 12 firms and backed by BGH Capital, Melbourne-based CyberCX has grown into a regional leader with 1,400 employees, security centers across Australia and New Zealand, and offices in London and New York. The company is led by ex-Optus executive John Paitaridis and former national cyber chief Alastair MacGibbon.
The deal highlights soaring global demand for advanced digital defense. Since 2015, Accenture has acquired 20 cybersecurity companies, expanding its reach from Brazil to Spain, while also deepening ties in Australia through a $700 million AI partnership with Telstra earlier this year.
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