Accenture bags Symantec's cyber security biz

Accenture is to acquire Symantec’s cyber security services business from Broadcom for an undisclosed sum, just months after Broadcom paid over $10.7bn to acquire the whole enterprise division of Symantec.

At the time of that deal there was speculation as to what Broadcom would do with all the acquired assets, and since then a flurry of acquired Symantec executives have jumped ship; and there has been an evolving shake-up in its EMEA channel.

Symantec’s portfolio of cyber security services includes global threat monitoring and analysis through a network of security operations centres, real-time adversary and industry-specific threat intelligence and incident response services. 

The six security operations centres, which come as part of the deal, are located in the US, the UK, India, Australia, Singapore and Japan. 

Symantec's 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 customisable portal.

“Cyber security has become one of the most critical business imperatives for all organisations regardless of industry or geographic location,” said Julie Sweet, Accenture chief executive officer. “With the addition of Symantec’s cyber security services business, Accenture Security will offer managed services for global businesses to detect and manage cyber security threats aimed at their companies.”

Kelly Bissell, senior managing director of Accenture Security, added: “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 will help Accenture provide flexibility rather than a ‘one size fits all’ approach to managed security services."

This deal is expected to be completed in March 2020.

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