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Application Security

1/7/2020
11:55 AM
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Accenture to Buy Symantec's Cyber Security Services

The purchase, for an undisclosed amount, is scheduled to close in March.

Accenture has announced that it will purchase Symantec's Cyber Security Services business from Broadcom. The acquisition will add Symantec Cyber Security Services' portfolio of services, including global threat monitoring and analysis, real-time adversary, and industry-specific threat intelligence and incident response services to that of Accenture Security.

The acquisition is the latest in a series of purchases Accenture has made, including those of Deja vu Security, iDefense, Maglan, Redcore, Arismore, and FusionX. In its fiscal year 2019, Accenture spent approximately $1.2 billion globally on 33 acquisitions.

Financial terms of the deal to acquire Symantec Cyber Security Services were not disclosed. The purchase, subject to customary closing conditions, is expected to close in March 2020.

For more, read here.

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