Accenture forms strategic alliance with Ripjar
Accenture of New York, NY announced on July 23 that it formed a strategic alliance with Ripjar, a data intelligence company based in the United Kingdom, and has made a minority investment in Ripjar through Accenture Ventures. The move will expand Accenture Security’s capability in data fusion, automated analytics, and machine learning to help organizations improve the way they tackle global security challenges. Terms of the transaction were not disclosed.
As part of the alliance, Accenture Security will leverage Ripjar’s next-generation strategic intelligence platform, Labyrinth, which gives Accenture the ability to fuse, analyse and orchestrate data to help its clients work on important strategic issues including public safety, financial crime, and the prevention and detection of cyberattacks.
“With the explosion of connected devices, predicting and detecting cyberattacks from a massive volume of data has become as difficult as finding a needle in a field of haystacks,” said Kelly Bissell, senior managing director of Accenture Security. “Ripjar’s unique intelligent analytics capabilities provide significant insight into complex investigations and deliver greater situational awareness of complex threats. Our minority investment in Ripjar reinforces our commitment to provide clients with innovative solutions to safeguard their systems, networks and people.”
Building on decades of experience in data analytics within the British intelligence community, Ripjar’s unique technology provides a comprehensive suite of integrated tools and data visualizations to drive detailed forensic analysis that helps organizations more effectively process, understand and glean strategic insights from any structured or unstructured data source using artificial intelligence.
“Tackling growing global challenges requires innovative and scalable approaches,” said Tom Griffin, CEO, Ripjar. “Accenture Security’s global reach, deep industry experience and innovation-led approach, combined with Ripjar’s technology, is a real game changer for supporting global organizations in the fight against cybercrime.”
The relationship with Ripjar was driven by Accenture Ventures, which focuses on teaming with and investing in companies that create innovative enterprise technologies. Through extensive relationships with startups, entrepreneurs, investors, academics, venture capitalists and corporate R&D groups around the world, Accenture Ventures invests in, and teams with, promising sources of innovation in the market.
“Accenture’s investment in Ripjar formalizes our strategic relationship as we work together to industrialize its technology to embed artificial intelligence, analytics, big data and machine learning into the fabric of our clients’ systems globally,” said Josh Kennedy-White, managing director, Accenture Security. “This toolset will now enable clients to stay on the front foot against financial criminals and cyber adversaries.”