Accenture acquires CyberCX for $650m amid rising cyber threats ...Middle East

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The Australian Financial Review reported the transaction value at over A$1 billion ($650 million).

Health insurer Medibank also suffered a hack affecting nearly 10 million customers last year.

Private equity firm BGH Capital, selling CyberCX, has not disclosed financial details.

The deal highlights growing demand for cybersecurity services amid escalating global threats.

The Melbourne-based company employs 1,400 staff with operations in Australia, New Zealand, London, and New York.

CyberCX’s leadership links to Optus are significant following its 2022 breach exposing sensitive customer data.

In February, Accenture partnered with Telstra in a $700m deal to integrate AI capabilities.

The acquisition reinforces Accenture’s cybersecurity expansion as digital threats intensify globally. - Reuters

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