Accenture to Buy Symantec’s Cyber Security Services business

Accenture’s security arm is set to get a boost with the anticipated acquisition of Symantec’s Cyber Security Services business.

The professional services firm has agreed to buy Symantec’s Cyber Security Services business from Broadcom in a bid to enhance its ability to help companies prepare for, detect and respond to cyber threats, Accenture said.

Symantec’s portfolio of cybersecurity services includes global threat monitoring and analysis through a network of security operation centres across the US, UK, India, Australia, Singapore and Japan, as well as real-time adversary and industry-specific threat intelligence and incident response services, Accenture explained.

Currently, Symantec’s Cyber Security Services business has more than 300 employees globally who serve organisations in a range of industries, including financial services, utilities, health, government, communications, media, technology and retail, Accenture said.

Symantec’s Cyber Security Services business will be the latest in a series of acquisitions — including those of Deja vu Security, iDefense, Maglan, Redcore, Arismore and FusionX, with Accenture having spent nearly US$1.2 billion procuring 33 companies, their skills and capabilities in its 2019 financial year, according to Accenture.

The acquisition is subject to customary closing conditions and expected to close March 2020, Accenture said.