Accenture Acquires CyberCX - Expanding Regional Cybersecurity

Strengthening cybersecurity in the Asia-Pacific region

Australia has been a hotbed of cyberattacks over the past few years. Some of the biggest incidents include the Optus hack in 2022, which affected 10 million users, the Medibank hack, which affected nearly 10 million customers, and most recently the Qantas Airways incident in July 2025, which exposed the personal information of 6 million customers. These events show that Australian businesses do not have adequate security tools. Accenture’s “State of Cyber Resilience 2025” report found that 97% of Australian businesses are not properly protecting AI-driven systems, and 80% do not have the data and AI security measures needed to protect their cloud infrastructure and data pipelines.

CyberCX, founded in Melbourne in 2019 through the merger of 12 smaller cybersecurity companies with the support of private equity fund BGH Capital, has become one of the best cybersecurity companies in the Asia-Pacific region. CyberCX has around 1,400 employees and offers a full range of services, from consulting and digital transformation to managed cybersecurity services. These include advanced capabilities such as attack security testing, physical cybersecurity, crisis management, threat intelligence and incident response. The company has advanced security operations centers in Australia and New Zealand, as well as offices in London and New York, giving the company both local knowledge and a global perspective.

Accenture has acquired 20 companies since 2015 to improve its cybersecurity skills. The company sees CyberCX as a way to strengthen its position in the Asia-Pacific region, where the cybersecurity market is expected to reach $200 billion by 2030. The acquisition not only improves its technical skills, but also gives the company important relationships with governments and critical infrastructure groups in Australia and New Zealand.

Impact on regional cybersecurity

This deal will have a major impact on the cybersecurity market and the Asia-Pacific region:

CyberCX was acquired by Accenture, part of a trend in the cybersecurity industry where large companies like Accenture, Deloitte, and IBM are acquiring smaller companies to rapidly expand their capabilities and market reach. Accenture has made 20 cybersecurity deals since 2015, a fairly large number for a company of its size. This is because Accenture wants to compete directly with larger rivals.

The deal is a good sign for the Australian market as it shows that local talent and expertise are valued, and could bring more foreign capital into Australia’s tech and cyber security sectors.

Accenture shares rose 1.2% in early trading following the announcement, suggesting investors were bullish on the deal’s upside potential. The deal is worth more than $1 billion, suggesting BGH Capital, the private equity firm that has owned CyberCX since 2020, could help drive up the company’s valuation.

Adding CyberCX to Accenture Security could lead to new ideas in areas like quantum-resistant encryption and zero-trust architecture, but it could also make it harder to compete with other companies like Deloitte and IBM, which are also growing in the cybersecurity space.

Evaluation and Conclusion

Accenture’s acquisition of CyberCX for over AUD 1 billion is a strategic move to strengthen the company’s position in the Asia-Pacific cybersecurity market, where demand for advanced security solutions is growing rapidly. By integrating CyberCX’s 1,400-strong team, AI-powered platforms, and network of relationships, Accenture not only expands its technical capabilities but also creates a solid foundation to meet cybersecurity challenges in the AI and quantum era. However, to maximize the value of the deal, Accenture will need to overcome integration and regulatory challenges, while leveraging CyberCX’s expertise to drive innovation.

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