Accenture (ACN) To Acquire an Australian Cybersecurity Firm, CyberCX

Accenture plc (NYSE:ACN) is one of the Most Profitable Large Cap Stocks to Buy According to Analysts. On August 15, Reuters reported that Accenture plc (NYSE:ACN) will buy CyberCX, an Australian cybersecurity firm. The Australian Financial Review valued the deal at over A$1 billion.

This move comes after a series of major cyberattacks in Australia. Optus faced a huge data breach affecting 10 million users in 2022. Moreover,  Medibank and Qantas also suffered attacks, exposing the customer information of millions of their users. CyberCX was created in 2019 after merging 12 smaller companies and has around 1400 employees in Australia, New Zealand, London, and New York.

Accenture plc (NYSE:ACN) is a services company that helps businesses with strategy, consulting, technology, and operations.

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Disclosure: None. This article is originally published at Insider Monkey.