Accenture said Thursday (Aug. 14) that it will acquire Australian cybersecurity firm CyberCX, its largest deal to date in the sector.

Accenture will acquire CyberCX from private equity firm BGH Capital.

Financial terms of the transaction were not disclosed. The Australian Financial Review estimated the deal's value at over A$1 billion (US$650 million).

The deal comes amid a surge in cyberattacks globally, as businesses in industries from healthcare to finance grapple with increasingly sophisticated threats that disrupt operations and compromise sensitive data.

Melbourne-based CyberCX was founded in 2019 through the merger of 12 smaller cybersecurity companies backed by BGH Capital.

The company currently has approximately 1,400 employees, with security operations centers in Australia and New Zealand, and offices in London and New York.

Since 2015, Accenture has completed 20 cybersecurity acquisitions, including recent purchases of Brazilian cyber defense firm Morphus, Mexico's MNEMO, and Spain's Innotec Security.