Global consulting giant Accenture (NYSE: ACN) has agreed to acquire CyberCX, a leading privately-owned cybersecurity services provider, in what represents the company’s largest cybersecurity acquisition to date. The strategic move will significantly strengthen Accenture’s cybersecurity capabilities across the Asia Pacific region through the addition of approximately 1,400 skilled cybersecurity professionals.
The acquisition will enhance Accenture’s ability to build business resilience, protect critical infrastructure, and drive secure enterprise reinvention across Australia, New Zealand, and the international market. Financial terms of the transaction were not disclosed, with completion subject to customary closing conditions, including regulatory approvals.
Strategic Expansion in High-Growth Market
CyberCX brings innovative AI-powered platforms that deliver cybersecurity services including detection and response, sovereign secure cloud, CyberCX Academy for training and learning as well as proprietary tools for security testing and cyber intelligence. The Melbourne-based company, established in 2019, has emerged as one of the Asia Pacific region’s most prominent cybersecurity firms.
The timing proves particularly strategic given the expanding cybersecurity landscape across Asia Pacific. The APAC cybersecurity market is expected to reach $74.22 billion in 2025 and grow at a CAGR of 13.70% to reach $141.04 billion by 2030. Within this broader growth trajectory, Australia’s cyber security market is expected to reach a projected revenue of $ 13,313.7 million by 2030, with a compound annual growth rate of 14.9% expected from 2025 to 2030.
Addressing Critical Security Gaps
The acquisition comes as organisations across the region face mounting cybersecurity challenges. Accenture’s recent State of Cybersecurity Resilience 2025 report found that 97% of Australian organizations are not adequately prepared to secure their AI-driven future, with 80% lacking the critical data and AI cybersecurity practices needed to protect models, data pipelines and cloud infrastructure.
Paolo Dal Cin, global lead for Accenture Cybersecurity, emphasised the shared mission between the companies. “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,” he stated.
Comprehensive Service Portfolio
CyberCX’s service portfolio spans consulting, transformation and managed security services, including advanced capabilities in offensive security, cyber physical security, crisis management, and threat intelligence. The company operates a network of advanced security operations centers across Australia and New Zealand, with additional offices in London and New York.
CyberCX has established strong ecosystem partnerships across major cybersecurity players such as Microsoft, Palo Alto Networks and CrowdStrike, consistently winning awards as one of the top managed service and system integrators in the region. This success is underpinned by extensive expertise, showcased through over 2,600 certifications.
Regional Market Dynamics
The acquisition reflects broader trends shaping the Asia Pacific cybersecurity landscape. In just the first half of 2024, Asia Pacific saw over 57,000 ransomware incidents, with Indonesia, the Philippines, and Thailand bearing the brunt of these attacks. This surge in cyber threats has prompted governments and enterprises to significantly increase cybersecurity investments.
Peter Burns, who leads Accenture’s business in Australia and New Zealand, highlighted the growing demand dynamics. “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,” he explained.
Strategic Acquisition Pattern
The acquisition of CyberCX will be the latest in a series of strategic moves by Accenture to expand its cybersecurity capabilities and solutions. Since 2015, Accenture has completed 20 security acquisitions, including most recently acquiring Morphus, MNEMO Mexico and Innotec Security.
John Paitaridis | Chief Executive Officer | CyberCX
John Paitaridis, CEO of CyberCX, expressed enthusiasm about the combination. “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,” he said.
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Market Outlook
The acquisition positions Accenture to capitalise on sustained growth in cybersecurity spending across the region. IDC projects that Asia/Pacific SMB and midmarket security spending is projected to surpass $12 billion by 2027, with security spending growing at a robust 13% compound annual growth rate.
With cyber threats continuing to evolve and regulatory requirements becoming more stringent across Asia Pacific markets, the combined entity will be well-positioned to address the complex cybersecurity challenges facing organisations in the region. The deal reinforces Accenture’s commitment to building comprehensive cybersecurity capabilities while expanding its regional footprint in one of the world’s fastest-growing digital economies.
