Photo via Accenture

Accenture to Acquire Symantec’s Cyber Security Services Business from Broadcom

Originally posted on Accenture.com

Acquisition will make Accenture Security one of the world’s leading providers of managed security services
Accenture has agreed to acquire Symantec’s Cyber Security Services business from Broadcom, Inc. (NASDAQ: AVGO). 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.

Symantec’s Cyber Security Services business will be the latest in a series of acquisitions — including those of Deja vu SecurityiDefenseMaglanRedcoreArismore and FusionX — that demonstrate Accenture Security’s commitment to investing in and innovating advanced threat intelligence and cybersecurity solutions.

In its 2019 fiscal year, Accenture invested nearly US$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.

About Accenture 
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 505,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Accenture Security helps organizations build resilience from the inside out, so they can confidently focus on innovation and growth. Leveraging its global network of cybersecurity labs, deep industry understanding across client value chains and services that span the security lifecycle, Accenture helps organizations protect valuable assets, end-to-end. With services that include strategy and risk management, cyber defense, digital identity, application security and managed security, Accenture enables businesses around the world to defend against known sophisticated threats, and the unknown. Follow us @AccentureSecure on Twitter or visit us at www.accenture.com/security.

Latest News

KPMG Lakehouse

Originally published on KPMG.com. Community and Careers website for KPMG’s new professional learning, development and innovation center in Orlando’s master-planned community of Lake Nona. KPMG is proud to join the greater Orlando and Lake Nona communities with the opening of KPMG Lakehouse, a world-class learning, development and innovation center. KPMG…

AIG’s Brandi Monique Shares her Mentorship Journey

AIG’s assistant vice president Brandi Monique shares the mentor relationships that led her to her success at AIG. Monique defines mentorship as an organic connection — rather than a formal relationship — between a mentor and mentee. Monique says from her early days at AIG, she sought potential mentorship relationships…

Nielsen Earns Seventh Consecutive Perfect Score in 2020 Human Rights Campaign’s Corporate Equality Index

Originally published on sites.nielsen.com. For the seventh consecutive year, Nielsen earned a 100% score on the Human Rights Campaign (HRC) Foundation’s Corporate Equality Index (CEI) and was recognized as a “Best Place to Work for LGBTQ Equality.” The CEI is a benchmarking survey and report on corporate policies and practices related to LGBTQ…

Dow named 2020 Best Place to Work for LGBTQ+ Equality

Originally posted on Dow.com and LinkedIn Dow named 2020 Best Place to Work for LGBTQ+ Equality by Human Rights Campaign Foundation Recognition marks Dow’s 15th consecutive year receiving a perfect score on the Foundation’s Corporate Equality Index In recognition of its inclusive workplace, Dow has been named by the Human Rights…

Abbott Earns Workplace Diversity Honor

Originally posted on Abbott.com and LinkedIn Employee survey results rank Abbott among the 100 top U.S. employers for creating inclusive work cultures. Diversity is ingrained in who we are at Abbott. It’s how we innovate and how we collaborate. It’s how we think and how we are. It’s how we…

Cigna

Despite Drops in Insurance Coverage in the US, Companies Are Stepping Up

In 2018, 27.5 million people (8.5% of the U.S. population) did not have health insurance. That’s the highest number of uninsured Americans since 2009, according to a report from the US Census Bureau. Despite a strong economy, increasingly more Americans have no coverage. The dip is driven mostly by fewer people qualifying for Medicaid. People of color are particularly affected…