New York: Irish IT company Accenture has announced its intent to acquire CyberCX, a cybersecurity solutions company from Australia-based private equity firm BGH Capital for USD 650 million.
This acquisition remains Accenture’s largest in the security space, which have included almost 20 similar companies, including Innotec Security, MNEMO Mexico and Morphus.
With a headcount of about 1400, CyberCX is one of the largest in the Asia Pacific region, offering end-to-end services including threat intelligence, crisis management, cyber physical security as well as cloud and network security. The company operates a network of advanced security operation centres across Australia and New Zealand, with additional offices in London and New York.
“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,” Paolo Dal Cin, global lead, Accenture Cybersecurity said.
“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.”
John Paitaridis, CEO of CyberCX, added, “We are immensely proud of the business we have built, becoming one of the leading providers of cybersecurity services in the region. Joining Accenture’s global cybersecurity organization 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.”
