Accenture Acquires Deja vu Security, Seattle-Based ‘Security of Things’ Company
June 17 2019 - 10:59AM
Business Wire
Acquisition gives Accenture Security a
distinctive position in secure enterprise application and network
development services
Accenture (NYSE: ACN) is announcing the acquisition of Deja vu
Security, a privately held company that specializes in security
design and testing of enterprise software platforms and internet of
things (IoT) technologies.
The Seattle-area company has become part of Accenture Security’s
Cyber Defense offerings. Financial terms of the agreement were not
disclosed.
Serving some of the world’s largest technology companies, Deja
vu Security provides a full range of security services designed to
strengthen business applications and increase cyber resilience by
integrating security throughout the product development lifecycle.
Founded in 2011, Deja vu Security brings to Accenture a deep
expertise in the techniques, tools and methods for securing
connected devices and IoT networks. The acquisition of Deja vu
Security also builds on Accenture Security’s commitment to
investing in and innovating next-generation cybersecurity solutions
to help protect clients’ business from end to end.
“For technology companies, third-party suppliers and consumers
alike, IoT security controls often remain an afterthought — which
is why it’s critical that security is built in from the start for
any new products, processes or services,” said Kelly Bissell,
senior managing director of Accenture Security. “Deja vu Security’s
team of innovative specialists brings considerable technical
cybersecurity skills, making them a strong strategic fit, and will
help our clients reduce the risk of their connected solutions. We
are very excited to welcome the Deja vu Security team to
Accenture.”
High-profile cyberattacks continue to demonstrate how vulnerable
enterprise networks can result in significant business disruption
and financial loss. Recent Accenture research found that companies
globally could incur US$5.2 trillion in additional costs and lost
revenue over the next five years due to cyberattacks, as dependence
on complex internet-enabled business models outpaces the ability to
introduce adequate safeguards that protect critical assets.
Adam Cecchetti, Deja vu Security’s chief executive officer,
said, “Today’s announcement is an exciting new chapter for Deja vu
Security and our employees. Accenture’s people-focused culture and
innovative mindset are core values that both companies share, and
our unique capabilities complement each other perfectly. We are
thrilled to be joining such a high-caliber global
organization.”
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 477,000 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: Accenture and Deja vu
Security will not be able to close the transaction in the time
period anticipated, or at all, which is dependent on the parties’
ability to satisfy certain closing conditions; the transaction
might not achieve the anticipated benefits for Accenture;
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Accenture’s results of operations and share price could be
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controls; Accenture might be unable to access additional capital on
favorable terms or at all and if the company raises equity capital,
it may dilute its shareholders’ ownership interest in the company;
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
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of the date they were made, and Accenture undertakes no duty to
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version on businesswire.com: https://www.businesswire.com/news/home/20190617005257/en/
Alison GeibAccenture+1 703 947
4404alison.geib@accenture.comDenise BerardAccenture+1 617 488
3611denise.berard@accenture.com
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