Accenture Plc Class A(ACN.US) acquires Australian cybersecurity company CyberCX to expand its cybersecurity footprint in the Asia-Pacific region.

Accenture Plc Class A (ACN.US) has announced the acquisition of the Australian cybersecurity company CyberCX. This is the company's largest acquisition in the cybersecurity field to date and will expand its business footprint in the Asia-Pacific region. The Dublin-based tech giant officially announced the deal on Thursday. According to the Australian Financial Review, the valuation of CyberCX in this deal exceeds 1 billion Australian dollars (approximately 650 million US dollars). CyberCX, headquartered in Melbourne, is owned by private equity fund BGH Capital. The company has multiple cybersecurity operations centers in Australia and New Zealand, as well as offices in London and New York. In recent months, Australia has faced a series of high-profile cyberattacks. The country's largest airline, Qantas Airways Ltd., announced in July that it was investigating a cyberattack on its call center that resulted in the theft of a "significant" amount of customer data. In April of this year, Australia's largest pension fund, AustralianSuper, reported that some members of the fund had suffered significant losses to their retirement savings in a cyber attack that affected the entire industry, with thousands of individuals' personal data potentially at risk of being exposed in the attack.