Accenture has agreed to acquire Symantec’s Cyber Security Services business from Broadcom.
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 CEO. "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.”
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.
Symantec’s Cyber Security Services business will be the latest in a series of acquisitions—including those of Deja vu Security, iDefense, Maglan, Redcore, Arismore and FusionX—that Accenture Security says demonstrates its commitment to investing in and innovating advanced threat intelligence and cybersecurity solutions.
In its 2019 fiscal year, Accenture invested nearly $1.2 billion globally on 33 acquisitions to acquire critical skills and capabilities in strategic, high-growth areas of the market.
Completion of the acquisition is subject to customary closing conditions and is expected to close in March 2020. Financial terms were not disclosed.
For more information, go to www.accenture.com/security.