Helping Companies against Cyber Threats
Accenture, a multinational professional service company is set to boost its security arm by the acquisition of Symantec’s Cyber Security Services business. In a bid, Accenture has agreed to buy Symantec’s Cyber Security Services business from Broadcom. The firm aims to enhance its ability to help companies prepare for, detect and respond to cyber threats. Several services such as global threat monitoring and analysis through a network of security operation centers around the US, UK, India, Australia, Japan, and Singapore are included in Symantec’s portfolio of cybersecurity services. It also includes real-time adversary and industry-specific threat intelligence and incident response services.
Significance of Cyber Security
“Cybersecurity has become one of the most critical business imperatives for all organizations regardless of industry or geographic location,” said Accenture’s CEO, Julie Sweet. “With Symantec’s Cyber Security Services business, we can now bring clients our combined expertise fine-tuned to their industry with tailored global threat intelligence powered by advanced analytics,” said Security Senior Managing Director of Accenture, Kelly Bissell. Globally, more than 300 employees work for Symantec’s Cyber Security business who serve organizations in a range of industries including financial services, utilities, health, media, communications, government, and retail.
Delivering the Next Generation of Cyber Security Services
Symantec’s Cyber Security Services Business Vice President and General Manager John Lionato said, “Becoming a part of Accenture security is a tremendous opportunity for our clients and our cyber warriors around the globe, enabling us to fuse the unique services, capabilities, and solutions to two well-established companies to deliver the next generation of cybersecurity services.” This deal will be the latest in the series of acquisitions with Accenture including Déjà Vu Security, iDefense, Maglan, Redcore, Arismore, and FusionX. Accenture spent nearly US$1.2 billion procuring 33 companies in its 2019 financial year. Having been subjected to customary closing conditions, this acquisition is expected to close March 2020 according to Accenture.
