Accenture Completes Acquisition of Broadcom’s Symantec Cyber Security Services

4 mins read

Accenture announced that the company has completed its acquisition of the Symantec Cyber Security Services business from Broadcom Inc, Accenture reported on Thursday.

With the acquisition, Accenture will enhance the company’s security’s position as one of the world’s leading providers of managed security services, further boosting its ability to help organizations anticipate, detect and respond to cyber threats.

The Symantec Cyber Security Services business will include over 300 employees around the world who serve organizations across a diverse range of industries, including financial services, utilities, health, government, communications, media, technology and retail.

In addition to the company’s acquisition of  Symantec Cyber Security Services, Accenture acquired Revolutionary Security, Context Information Security, Deja vu Security, iDefense, Maglan, Redcore, Arismore and FusionX to advance Accenture Security’s commitment to investing in and innovating cybersecurity solutions.

In April 2020, Accenture acquired Revolutionary Security, a privately held company specializing in enterprise cybersecurity for information technology (IT) and operational technology (OT) environments. Financial terms were not disclosed.

Revolutionary Security’s portfolio of cybersecurity services include assessment and testing, design and build of security programs and functions as well as security operations across its clients’ IT and OT systems.

The security company has leveraged proprietary technology and methods to help mature the security capabilities of its clients and manage risk. The company’s breach and attack simulation testing service, LiveFire, has utilized real-world cyber threats to identify gaps in security processes and monitoring, as well as staff operations and technologies.

The results help organizations prioritize actions to mitigate cyber risks within their enterprise. The acquisition will provide Accenture’s clients with greater end to end solutions, particularly regarding more complex IT and OT cybersecurity challenges.

In March 2020, Accenture acquired Context Information Security, a leading cyber defense consultancy, to accelerate growth of Accenture Security in the U.K. and across the globe. Context Information Security, founded in 1998 and headquartered in London, provides information security services in the U.K. and in global financial markets. With the purchase, Accenture Security will gain its high-end cyber defense, intelligence-driven red team, vulnerability research and incident response services.

Additionally, Context Information Security has offices in Germany, the U.S. and Australia, which will expand Accenture Security’s existing portfolio and become part of Accenture’s cyber defense offerings. Accenture Security will also acquire 250 employees, which will further the company’s  services to clients.

Context Information Security offers a variety of branches, including financial services, government, aerospace  and defense, and critical infrastructure. The company has provided assistance to government organizations, financial institutions and other clients, responding to the threat of advanced cyberattacks.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. With 509,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Acquisition & Procurement

Become a Registered Reader
Register to enjoy unlimited access to articles, interviews, and invaluable govcon content. You'll also receive our daily briefing straight to your inbox.

This will close in 0 seconds