Accenture to acquire Symantec’s Cybersecurity Services Business from Broadcom

Accenture

Accenture is all set to acquire Symantec’s Cybersecurity Services business from Broadcom, Inc. However, the financial terms of this acquisition are not disclosed yet.

Accenture

This acquisition will help Accenture Security in becoming one of the leading providers of managed security services, further enhancing its ability to assist companies rapidly anticipate, detect and respond to cyber threats.

Symantec’s portfolio of Cybersecurity Services comprises of global threat monitoring and analysis via network of security operation centers, real-time adversary and industry-specific threat intelligence and incident response services.

The six security operations centers are situated in the U.S., the United Kingdom, India, Australia, Singapore and Japan. Its security services business is maintained by a proprietary cloud-based platform that offers a steady stream of technical and cyber adversary threat intelligence via customisable portal.

“Cybersecurity has become one of the most critical business imperatives for all organisations 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, which is now a part of Broadcom, headquartered in Mountain View, California. Its Cyber Security Services business contains over 300 employees around the world who offer services to top-tier organisations 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.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Elets FSI Virtual Conclave and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.