New York, NY-based Accenture announced on January 7 that it has agreed to acquire Symantec’s Cyber Security Services business from Broadcom, Inc. Financial terms were not disclosed.
The acquisition will make Accenture Security one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect and respond to cyber threats.
Symantec’s portfolio of Cyber Security Services includes global threat
monitoring and analysis through a network of security operation centers,
real-time adversary and industry-specific threat intelligence and incident
response services. The six security operations centers are located in the U.S.,
the United Kingdom, India, Australia, Singapore and Japan. Its managed security
services business is supported by a proprietary cloud-based platform that
delivers a steady stream of technical and cyber adversary threat intelligence
through a customizable portal.
“Cybersecurity has become one of the most critical business imperatives
for all organizations regardless of industry or geographic location,” said
Julie Sweet, Accenture’s chief executive officer. “With the addition of
Symantec’s Cyber Security Services business, Accenture Security will offer one
of the most comprehensive managed services for global businesses to detect and
manage cybersecurity threats aimed at their companies.”
Kelly Bissell, senior managing director of Accenture Security said,
“Companies are facing an unprecedented volume of cyber threats that are
highly-sophisticated and targeted to their businesses, and they can no longer
rely solely on generic solutions. This acquisition is a game-changer and will
help Accenture provide flexibility rather than a ‘one size fits all’ approach
to managed security services. 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,
automation and machine learning.”
Symantec’s Enterprise Security business, now a division of Broadcom, is
headquartered in Mountain View, California and its Cyber Security Services
business includes more than 300 employees around the world who serve top-tier
organizations across a diverse range of industries, including financial
services, utilities, health, government, communications, media, technology and
retail.
“Becoming 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 of two well-established companies to deliver the next generation of cybersecurity services,” said John Lionato, vice president and general manager of Symantec’s Cyber Security Services business.
Source: Accenture
By Loren Blinde
January 7, 2020
