{"id":8213,"date":"2020-01-08T07:41:21","date_gmt":"2020-01-08T02:11:21","guid":{"rendered":"https:\/\/www.digitalcreed.in\/?p=8213"},"modified":"2020-05-25T06:10:08","modified_gmt":"2020-05-25T00:40:08","slug":"accenture-symantec-manages-security","status":"publish","type":"post","link":"https:\/\/www.digitalcreed.in\/accenture-symantec-manages-security\/","title":{"rendered":"Accenture to Acquire Symantec\u2019s Cyber Security Services Business from Broadcom"},"content":{"rendered":"<p>Coming a few months after Broadcom\u2019s <a href=\"https:\/\/www.cisomag.com\/broadcom-acquires-symantecs-enterprise-unit-for-10-7-billion\/\" target=\"_blank\" rel=\"noopener noreferrer\">acquisition<\/a> of Symantec\u2019s enterprise security business, Accenture has now agreed to acquire Symantec\u2019s Cyber Security Services business from Broadcom, Inc. Financial terms of the deal were not disclosed.<\/p>\n<p>The acquisition will make <a href=\"https:\/\/www.accenture.com\/us-en\/about\/security-index\" target=\"_blank\" rel=\"noopener noreferrer\">Accenture Security <\/a>one of the leading providers of <a href=\"https:\/\/www.cisomag.com\/managed-security-services-market-grow-cagr-14-7-2017-2025\/\" target=\"_blank\" rel=\"noopener noreferrer\">managed security services<\/a>, further enhancing its ability to help companies rapidly anticipate, detect and respond to cyber threats.<\/p>\n<p>Symantec\u2019s portfolio of Cyber Security Services includes global threat monitoring and analysis through a network of security operation centers (SOCs), 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.<\/p>\n<p>\u201cCybersecurity has become one of the most critical business imperatives for all organizations regardless of industry or geographic location,\u201d said Julie Sweet, Accenture\u2019s Chief Executive Officer. \u201cWith the addition of Symantec\u2019s 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.\u201d<\/p>\n<p>Kelly Bissell, senior managing director of Accenture Security said, \u201cCompanies 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 \u2018one size fits all\u2019 approach to managed security services. With Symantec\u2019s 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.\u201d<\/p>\n<p><strong>RELATED STORY<\/strong><\/p>\n<p class=\"post-title entry-title\"><a href=\"https:\/\/www.digitalcreed.in\/accenture-opens-cyber-center-to-help-organizations-tackle-complex-security-challenges\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Accenture Opens Cyber Center to Help Organizations Tackle Complex Security Challenges<\/strong><\/a><\/p>\n<p>In September 2019, <a href=\"https:\/\/www.cisomag.com\/broadcom-acquires-symantecs-enterprise-unit-for-10-7-billion\/\" target=\"_blank\" rel=\"noopener noreferrer\">Broadcom acquired Symantec\u2019s enterprise security unit<\/a> for US$10.7 billion in cash. Symantec\u2019s 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.<\/p>\n<p>\u201cBecoming 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,\u201d said John Lionato, vice president and general manager of Symantec\u2019s Cyber Security Services business.<\/p>\n<p>Accenture Security has a global network of cybersecurity labs, deep industry understanding across client value chains and services that span the security lifecycle. It offers services that include strategy and risk management, cyber defense, digital identity, application security and managed security.<\/p>\n<p>Symantec\u2019s Cyber Security Services business will be the latest in a series of acquisitions\u2014including those of Deja vu Security, iDefense, Maglan, Redcore, Arismore and FusionX\u2014that demonstrate Accenture Security\u2019s commitment to investing in and innovating advanced threat intelligence and cybersecurity solutions.<\/p>\n<p>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.<\/p>\n<p>Completion of the acquisition is subject to customary closing conditions and is expected to close in March 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition will make Accenture Security one of the world\u2019s leading providers of managed security services<\/p>\n","protected":false},"author":1,"featured_media":3280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2179,2171,110],"tags":[545,2026,2027,2028,2029,1196,2025,1979,2030],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.7 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Accenture bids for Symantec\u2019s managed security services portfolio<\/title>\n<meta name=\"description\" content=\"Acquisition will make Accenture Security one of the world\u2019s leading providers of managed security services\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.digitalcreed.in\/accenture-symantec-manages-security\/\" \/>\n<meta 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