Accenture to acquire Symantec Cyber Security Business

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Accenture, the IT services provider from Ireland has fairly announced yesterday that it is all set to acquire Symantec’s Cyber Security Business from Broadcom Inc soon. However, the financial terms of the deal and when the deal will be closed are yet to be known on an official note.

 

Accenture’s objective with the deal is to strengthen its managed security services portfolio and help customers transform their cyber defenses into automated solutions that respond to cyber threats in a proactive way.

 

Currently, Symantec offers a portfolio of solutions when it comes to Cyber Security Services which includes monitoring and analysis of global cyber threats through network security operation centers, industry-specific threat intelligence and incident response services. The company offers these solutions from over 6 security operation centers which include the United States, United Kingdom, Japan, India, Australia, and Singapore.

 

Furthermore, the company delivers cybersecurity services through a proprietary cloud-based platform that offers a stream of technical and cyber advisory threat intelligence which can be highly customized.

 

Accenture now plans to integrate the technology of Symantec to detect and manage cyber threats aimed at businesses.

 

Note 1- Symantec’s Enterprise Security Business is currently owned by Broadcom and has a headcount of 300 employees around the world serving companies in a diverse range of industries, including the financial sector, utility, healthcare, government, media and technology along with retail.

 

Note 2- Last year, Symantec invested around USD 1.2 Billion on a global note to acquire almost 33 companies. And this includes iDefense, Magellan, Redcore, Arismore, FusionX, and Déjà vu Security.