Accenture (ACN) Enters Agreement to Acquire Cybersecurity Provider Defense Point Security
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Accenture (NYSE: ACN) has entered into an agreement to acquire Defense Point Security, LLC (DPS), a privately held cybersecurity company that supports the U.S. federal government with advanced cyber defense and response capabilities—including advanced Security Operations Center (SOC) expertise, cyber operations, security engineering, and cyber analytics. DPS, recently recognized as one of the “World’s Hottest and Most Innovative Cybersecurity Companies to watch in 2016” by Cybersecurity Ventures, will become a wholly owned subsidiary of Accenture Federal Services (AFS).
Terms of the transaction are not being disclosed and the acquisition is subject to regulatory review and other customary closing conditions.
“With the velocity and ferocity of cyber threats, DPS’ expertise in enhanced operational security and advanced security analytics will boost AFS’ ability to bring cutting-edge cyber solutions that will help federal agencies best protect their most valuable information,” said David Moskovitz, chief executive, Accenture Federal Services. “The addition of DPS’ specialized cyber defense tools and methodologies, together with our powerful client insights, will further propel our strategy to be a leading provider of end-to-end, federal enterprise security services.”
DPS’ comprehensive suite of advanced detection, engineering and operations services, as well as expertise with cybersecurity consulting, Managed Security Services (MSS) and Big Data platforms, will strengthen AFS’ ability to help federal agencies maximize cyber defense.
“The sophistication of cyber-attacks continues to increase,” said George McKenzie, chief executive officer, Defense Point Security. “We are focused on evolving the defensive strategies and solutions to best address the rapidly evolving federal threat landscape. We are excited to join forces with Accenture Federal Services, and to work with its cyber team to address the pressing challenges facing our clients.”
“By combining AFS’ application and data-centric security capabilities with DPS’ cadre of highly skilled cybersecurity professionals, we are well-positioned to offer a bold set of sophisticated capabilities including cyber defense and incident response, complex security integration and advanced cyber analytics to maximize our federal clients’ operational security,” said Ira “Gus” Hunt, AFS cybersecurity lead. “Together, we will deliver leading-edge security solutions that build resilience from the inside out—giving clients the confidence to focus on what matters most.”
For the third consecutive year, DPS has been listed on the Inc. 5000 – created by Inc. Magazine, which annually ranks the country’s top fastest-growing private companies. DPS has been listed in Washington Business Journal’s 50 Fastest-Growing Companies, Washingtonian’s “50 Best Places to Work”, a three-time top placeholder on Virginia Business “Best Places to Work” and a finalist for the 2015 Greater Washington Government Contractor Awards.
When closed, this acquisition in the federal cybersecurity sector will further Accenture’s momentum in growing its cybersecurity expertise. In the past several months, Accenture has made additional investments including, among others, the acquisitions of FusionX (an Arlington, VA-based firm focused on advanced adversary simulation and incident response). and Cimation (a Houston-based firm that specializes in IIoT and industrial control system security).
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