Accenture (NYSE: ACN) has entered into an agreement to acquire
the U.S. federal government services business of Endgame Inc., a
privately held endpoint detection and response (EDR) cybersecurity
software company based in Arlington, VA. Endgame’s federal
government services business, which will become part of Accenture
Federal Services, specializes in proactive cyber defense,
hunt-as-a-service capabilities, red teaming and cyber
operations.
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Endgame Inc. corporate headquarters,
Arlington, VA. (Photo: Business Wire)
A nationally recognized innovator in cyber solutions, Endgame
provides clients with sophisticated security capabilities. The
acquisition will provide Accenture Federal Services an additional
team of highly skilled cybersecurity professionals who will help
federal clients increase their cyber resiliency by better preparing
for, identifying, intercepting, and removing advanced adversaries
in real time.
“By adding Endgame’s federal services team, Accenture Federal
Services can better equip our clients to identify and
eradicate malicious attacks faster and more effectively,”
said David Moskovitz, Accenture Federal Services chief
executive. “As the digital explosion is dramatically increasing the
attack surface, rapidly identifying, isolating and remediating
intrusions will be central to the next generation of cyber
defense.”
In connection with this transaction, Accenture
Security will be enhancing its
existing alliance with Endgame by reselling Endgame’s EDR
platform and enhancing Accenture's deep bench of skilled security
professionals to best leverage the platform for Accenture’s global
client base. Endgame’s platform has provided differentiated value
to stop malicious cyber activity before it causes damage and loss
of critical assets, which has been recently validated by its
$18.8 million EDR contract with the U.S. Air Force to prevent, stop
and hunt advanced adversaries.
Recently, Accenture and Endgame launched
its alliance and created a hunt-as-a-service
offering for commercial clients – which will soon be available for
government clients. Additionally, Endgame’s world-class cyber
threat hunting skills will further strengthen Accenture Security’s
already deep cyber hunt capabilities. This transaction gives
Endgame the opportunity to continue to support and grow its
base of federal and commercial customers of its EDR platform.
“Accenture has built an unparalleled services business
supporting some of the world’s highly complex organizations,” said
Nate Fick, CEO of Endgame. “We see this as a natural evolution of
our existing strong services partnership with Accenture that
provides them with the ability to expand their cybersecurity
services while Endgame focuses on accelerating growth of our EDR
platform. Endgame will stay laser-focused on delivering the best
security product in the world to our customers.”
Accenture Federal Services has made several investments in the
cybersecurity space in the past several months including its
acquisition of Defense Point Security LLC, a privately
held cybersecurity company that supports the U.S. federal
government and specializes in advanced cyber defense and response
capabilities.
Terms of the transaction are not being disclosed and the closing
of the acquisition is subject to regulatory review and other
customary closing conditions.
About Accenture
Accenture (NYSE: ACN) is a leading global professional services
company, providing a broad range of services and solutions in
strategy, consulting, digital, technology and operations. Combining
unmatched experience and specialized skills across more than 40
industries and all business functions – underpinned by the world’s
largest delivery network – Accenture works at the intersection of
business and technology to help clients improve their performance
and create sustainable value for their stakeholders. With more than
394,000 people serving clients in more than 120 countries,
Accenture drives innovation to improve the way the world works and
lives. Visit us at www.accenture.com.
About Endgame
Endgame is a leading endpoint security platform that transforms
security operations teams and incident responders from crime scene
investigators into Endgames that prevent damage and loss, and
dramatically reduces the time and cost associated with incident
response and compromise assessment. Endgame’s platform uses machine
learning and data science to prevent and detect unique attacks at
the earliest and every stage of the attack lifecycle. Endgame’s
integrated response stops attacks without disrupting normal
business operations. For more information,
visit www.ENDGAME.comand follow us on Twitter @EndgameInc.
Forward-Looking Statements
Except for the historical information and discussions contained
herein, statements in this news release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “should,” “likely,” “anticipates,” “expects,” “intends,”
“plans,” “projects,” “believes,” “estimates,” “positioned,”
“outlook” and similar expressions are used to identify these
forward-looking statements. These statements involve a number of
risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or implied. These
include, without limitation, risks that: the transaction might not
achieve the anticipated benefits for Accenture; Accenture’s results
of operations could be adversely affected by volatile, negative or
uncertain economic conditions and the effects of these conditions
on the company’s clients’ businesses and levels of business
activity; Accenture’s business depends on generating and
maintaining ongoing, profitable client demand for the company’s
services and solutions including through the adaptation and
expansion of its services and solutions in response to ongoing
changes in technology and offerings, and a significant reduction in
such demand or an inability to respond to the changing
technological environment could materially affect the company’s
results of operations; if Accenture is unable to keep its supply of
skills and resources in balance with client demand around the world
and attract and retain professionals with strong leadership skills,
the company’s business, the utilization rate of the company’s
professionals and the company’s results of operations may be
materially adversely affected; the markets in which Accenture
competes are highly competitive, and Accenture might not be able to
compete effectively; Accenture could have liability or Accenture’s
reputation could be damaged if the company fails to protect client
and/or company data from security breaches or cyberattacks;
Accenture’s profitability could materially suffer if the company is
unable to obtain favorable pricing for its services and solutions,
if the company is unable to remain competitive, if its
cost-management strategies are unsuccessful or if it experiences
delivery inefficiencies; changes in Accenture’s level of taxes, as
well as audits, investigations and tax proceedings, or changes in
tax laws or in their interpretation or enforcement, could have a
material adverse effect on the company’s effective tax rate,
results of operations, cash flows and financial condition;
Accenture’s results of operations could be materially adversely
affected by fluctuations in foreign currency exchange rates;
Accenture’s business could be materially adversely affected if the
company incurs legal liability; Accenture’s work with government
clients exposes the company to additional risks inherent in the
government contracting environment; Accenture might not be
successful at identifying, acquiring, investing in or integrating
businesses, entering into joint ventures or divesting businesses;
Accenture’s Global Delivery Network is increasingly concentrated in
India and the Philippines, which may expose it to operational
risks; as a result of Accenture’s geographically diverse operations
and its growth strategy to continue geographic expansion, the
company is more susceptible to certain risks; adverse changes to
Accenture’s relationships with key alliance partners or in the
business of its key alliance partners could adversely affect the
company’s results of operations; Accenture’s services or solutions
could infringe upon the intellectual property rights of others or
the company might lose its ability to utilize the intellectual
property of others; if Accenture is unable to protect its
intellectual property rights from unauthorized use or infringement
by third parties, its business could be adversely affected;
Accenture’s ability to attract and retain business and employees
may depend on its reputation in the marketplace; if Accenture is
unable to manage the organizational challenges associated with its
size, the company might be unable to achieve its business
objectives; any changes to the estimates and assumptions that
Accenture makes in connection with the preparation of its
consolidated financial statements could adversely affect its
financial results; many of Accenture’s contracts include payments
that link some of its fees to the attainment of performance or
business targets and/or require the company to meet specific
service levels, which could increase the variability of the
company’s revenues and impact its margins; Accenture’s results of
operations and share price could be adversely affected if it is
unable to maintain effective internal controls; Accenture may be
subject to criticism and negative publicity related to its
incorporation in Ireland; as well as the risks, uncertainties and
other factors discussed under the “Risk Factors” heading in
Accenture plc’s most recent annual report on Form 10-K and other
documents filed with or furnished to the Securities and Exchange
Commission. Statements in this news release speak only as of the
date they were made, and Accenture undertakes no duty to update any
forward-looking statements made in this news release or to conform
such statements to actual results or changes in Accenture’s
expectations.
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AccentureDeirdre Blackwood, + 1
703-947-5798deirdre.m.blackwood@accenture.comorEndgameMargot
Koehler, + 1 202-649-0517mkoehler@endgame.com
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