Overview

• Accenture agreed to acquire CyberCX from BGH Capital in a deal valued at more than A$1 billion, though neither party disclosed financial terms or commented publicly.
• The transaction requires approval from Australia’s Foreign Investment Review Board before it can close.
• CyberCX’s roughly 1,400 employees, its security operations centres in Australia and New Zealand and its government and financial-sector client contracts would transfer to Accenture.
• The purchase represents Accenture’s largest-ever cybersecurity acquisition and builds on about 20 security-focused deals the firm has completed since 2015.
• BGH Capital enlisted Goldman Sachs earlier this year to manage CyberCX’s sale, underscoring a wider industry push by consultancies to acquire cyber expertise in response to escalating threats.