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

Atatiana Jefferson

Wrongful Death Lawsuit Filed in Police Shooting of Atatiana Jefferson; Drug Industry Announces Diversity Guidelines in Development of New Medications; and More

Wrongful death lawsuit filed in the fatal shooting of Atatiana Jefferson by police. Family members of Atatiana Jefferson, a 28-year-old Black woman who was fatally shot by police through a window in her own home, have filed a wrongful death lawsuit against the city of Fort Worth, Texas and the…

Southern Company: Georgia Natural Gas Opens 10th Annual TrueBlue Community Awards Call for Entries

Originally published on southerncompany.com. Honor recognizes nonprofits supporting Georgia during COVID-19 and distributes grants to sustain continued efforts Georgia Natural Gas (GNG), Georgia’s leading natural gas provider, announces the call for entries for the 10th Annual TrueBlue Community Awards. This year, the awards will recognize hardworking Georgia nonprofits for their service providing COVID-19 relief…

Cori Bush

Multiple Congressmen ‘Accidentally’ Called Cori Bush, Missouri’s New Representative, ‘Breonna’; American Medical Association Classifies Racism as a Threat to Public Health; and More

Multiple congressmen “accidentally” called Missouri’s new representative Cori Bush  “Breonna” during Capitol event. Congresswoman-elect Cori Bush said she was stunned and hurt on the evening of Nov. 16, after a number of different Republicans called her “Breonna” during a new member orientation at the Capitol in Washington, D.C. Bush, who…

transgender, election

Meet 6 Transgender and Gender-Nonbinary Politicians Who Broke Ground in 2020

Despite the fraught nature of the 2020 presidential election results, victories at state levels put at least six transgender and nonbinary individuals in legislative positions. These small but significant gains for transgender visibility in politics came just before Transgender Awareness Week, which celebrates transgender people from Nov. 13–19 before Transgender…

Roger Ferguson to Retire as President and CEO of TIAA

Originally published on tiaa.org. TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, said Roger W. Ferguson, Jr., intends to retire as President and CEO on March 31, 2021. The company’s Board and Mr. Ferguson believe it is an appropriate…

Justice Samuel Alito

Justice Samuel Alito Delivers Series of Highly Alarming Partisan Remarks; Racism Impairs Brain Performance, and More

Supreme Court Justice Samuel Alito delivers an alarming series of homophobic, partisan remarks. Supreme Court Justice Samuel Alito rarely makes public appearances, but when he does he apparently wants to make them count, being as irksome and controversial as possible — and completely disregarding the usual ethics required of judges…

Hershey: Leading With Empathy and Connection

Originally published on thehersheycompany.com by Katrina J. Briddell Manager, Global Sustainability & Social Impact There’s no denying: it’s been a tough year for everyone around the world. Here in the U.S., we’ve faced an unrelenting pandemic, mass movements for racial justice, raging wildfires, devastating hurricanes, and an election cycle that…