Accenture Completes Acquisition of iDefense Security Intelligence Services, Expands Ability to Provide Clients with Faster, M...
April 03 2017 - 8:59AM
Business Wire
In a move to provide clients with better and more comprehensive
threat intelligence, Accenture (NYSE:ACN) has completed its
acquisition of the iDefense Security Intelligence Services business
from VeriSign, Inc. (NASDAQ:VRSN). iDefense is one of the world’s
first and most prolific cyber threat intelligence businesses with
proven capabilities in making its intelligence both timely and
actionable for clients.
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The acquisition, which was first announced on February 9, 2017,
brings more capabilities to Accenture Security, by boosting its
existing Cyber Defense Services with better threat intelligence to
augment the services it manages for clients’ security operations.
iDefense’s capabilities will also become an integral component of
Accenture’s adversary simulation, threat hunting and breach
response and remediation offerings.
“Completing this acquisition of iDefense dramatically increases
the breadth of our threat intelligence capabilities and enables us
to get closer to where threats are propagating so we can help
clients detect attacks faster,” said Kelly Bissell, managing
director of Accenture Security. “We are very excited to welcome the
iDefense team to Accenture. Together, we are well positioned to
deliver unparalleled enterprise threat intelligence solutions as
well as build upon our established market leadership in cyber
defense services.”
Over the past 18 years, iDefense has amassed vast amounts of
proprietary threat intelligence data that powers its distinctive
analysis platform, IntelGraph and its application program
interfaces (APIs). Along with bringing powerful insights to
Accenture’s clients’ threat intelligence teams, these key
capabilities will fuel the Accenture Cybersecurity Engine (ACE) and
enable clients to know where threats are forming and coming from,
and what actions to take – much earlier than other providers
leveraging public data feeds. ACE is a powerful platform that uses
artificial intelligence and machine learning to analyze data across
an organization’s entire attack surface in order to predict, detect
and eliminate threats.
Founded in 1998 and headquartered in Northern Virginia, iDefense
serves top-tier organizations across a range of industries –
including banking, communications, media, technology and
products.
About Accenture
Accenture 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 approximately 401,000
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.
Accenture Security helps organizations build
resilience from the inside out, so they can confidently
focus on innovation and growth. Leveraging its global network of
cybersecurity labs, deep industry understanding across client value
chains and services that span the security lifecycle, Accenture
protects organizations’ valuable assets, end-to-end. With services
that include strategy and risk management, cyber defense,
digital identity, application security and managed security,
Accenture enables businesses around the world to defend against
known sophisticated threats, and the unknown. Follow us
@AccentureSecure on Twitter or visit us at
www.accenture.com/security.
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 favourable 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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AccentureAlison Geib, + 1 703 947
4404alison.geib@accenture.com
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