Accenture has acquired the cybersecurity business of Symantec in a deal that will potentially propel it to a leadership position in the global managed security services industry worth billions of dollars.
Symantec is not just an antivirus software maker; it monitors security threats around the world, helping its clients detect and remove the threats well in advance.
Mountain View, a California-based company, has employed around 300 professionals and runs six security operations centers in countries, including Australia, India, Singapore, the UK, Japan, and the US.
The acquisition makes Accenture’s managed security services offering more attractive than ever. Over the past few years, Accenture has piled up a massive cache of cybersecurity tools and solutions. The company has acquired many smaller providers such as Deja vu Security, iDefense, Maglan, Redcore, Arismore, and FusionX.
Symantec owns a cloud-based platform that delivers technical and cyber adversary threat intelligence, something that is vital in the world where data is regarded as ‘new oil.’
“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.”
The analysts say the acquisition is a game-changer for Accenture. Today most of the managed security services providers use what analysts call “one size fits all” approach, but Symantec adds ‘flexibility’ to Accenture’s cybersecurity offerings.