Accenture acquires CyberCX to strengthen cyber arm

This is the company’s largest cybersecurity acquisition to date.

GSI Accenture has acquired cybersecurity outfit CyberCX in what is reportedly more than a billion dollar deal.

This is Accenture’s largest cybersecurity acquisition to date and the company said it will bolster its cyber services in APAC.

While Accenture did not publicly release the figure of the deal, however, the AFR has reported that it is worth over $1 billion.

According to Accenture this deal will help protect critical infrastructure and drive secure enterprise reinvention amidst an increasingly complex regulatory and threat landscape.

This deal sees 1400 staff under the CyberCX arm coming under the Accenture name. CyberCX has a wide range of technology partners including AWS, Palo Alto, Microsoft, Crowdstrike, and Cisco.

The cybersecurity firm provides end-to-end services for organisations, including, cloud security and solutions, identity and access management, governance and consulting.

John Paitaridis, CEO of CyberCX, said he is “immensely proud” of the business they have built, becoming one of the leading providers of cybersecurity services in the region.

“Joining Accenture’s global cybersecurity organisation enables our exceptional people to combine forces with global capabilities and provide world-leading cybersecurity services to an even greater number of clients across Asia Pacific as we accelerate our growth in the region,” he said.

“Our shared mission for helping clients stay ahead of emerging threats and build resilience makes this a force multiplier.”

In a statement, Paolo Dal Cin, global lead, Accenture Cybersecurity said CyberCX and Accenture share a mission to harness the power of cyber to help their clients securely navigate change, accelerate business reinvention and build resilience against evolving threats.

“By combining Accenture’s agentic AI capabilities with CyberCX’s strong market leadership, innovative offerings and trusted C-suite and government relationships, we will enable clients across Asia Pacific to transform cybersecurity into a strategic advantage,” he said.

Peter Burns, CEO Australia and New Zealand, Accenture commented on the deal, “CyberCX’s breadth of capabilities, trusted relationships with government and critical infrastructure organisations, and exceptional talent in the region, combined with Accenture’s local and global scale and innovation, will help us meet this ever-increasing client need.”

CyberCX was previously owned by privacy equity firm BGH Capital.

CRN Australia has reached out for further comment from Accenture and CyberCX.