US-based professional services group Accenture has acquired Melbourne-based CyberCX in the group's largest cybersecurity acquisition to date and shores up services in the Asia-Pacific region.
The deal, which comes on the back of 20 security acquisitions globally by Accenture since 2015 including Morphus, MNEMO Mexico and Innotec Security, also cements Accenture’s position as a market leader in the field across the region amid an increasingly complex regulatory and threat landscape.
The privately-owned CyberCX, founded in 2019, has grown to become one of the largest cybersecurity firms in the Asia Pacific with a workforce totalling about 1,400.
CyberCX operates a network of advanced security operations centres in Australia and New Zealand, with offices in London and New York, giving Accenture a business that it says combines “deep local insight with international reach”.
The Melbourne company provides a range of end-to-end services across consulting, transformation and managed security services.
It also has advanced capabilities in offensive security and cyber physical security, crisis management, threat intelligence, managed detection and response, as well as strategic advisory, identity, cloud and network security.
“CyberCX and Accenture share a mission to harness the power of cyber to help our clients securely navigate change, accelerate business reinvention and build resilience against evolving threats,” says Paolo Dal Cin, global lead at Accenture Cybersecurity.
“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.”
A report released by CyberCX in March this year identified artificial intelligence as the cyber opportunity and threat driver to watch in 2025.
The report found that 97 per cent of Australian organisations are not adequately prepared to secure their AI-driven future, with 80 per cent lacking the critical data and AI cybersecurity practices needed to protect models, data pipelines and cloud infrastructure.
"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,” says Peter Burns, who leads Accenture’s business in Australia and New Zealand.
“The need for responsible governance is also rising as AI and Quantum technologies advance.
“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 has established key partnerships among major cybersecurity players such as Microsoft, Palo Alto Networks and CrowdStrike, with the company winning several awards as one of the top managed service and system integrators in the region.
Accenture says this success is underpinned by extensive expertise, showcased through more than 2,600 certifications.
“We are immensely proud of the business we have built, becoming one of the leading providers of cybersecurity services in the region,” says John Paitaridis, the CEO of CyberCX.
“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.
“Our shared mission for helping clients stay ahead of emerging threats and build resilience makes this a force multiplier.”
Financial details of the acquisition have not been disclosed, with the deal still subject to standard closing conditions, including regulatory approvals.
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