Thursday, August 6, 2015

Consulting Giant Accenture Buys Cybersecurity Firm FusionX

Consulting giant Accenture (NYSE: ACN) has acquired FusionX, a Washington DC-based cybersecurity company that has a strong focus on attack simulation, threat modelling, cyber investigation and security risk advisory services. The deal will further strengthen Accenture's Security practice and help clients to more effectively manage risk by combining FusionX's expertise in identifying security vulnerabilities with Accenture's security offerings. Financial terms of the deal were not disclosed. 

According to FusionX CEO Matt Devost, all 22 of FusionX's employees are joining Accenture.  FusionX will likely transition over to Accenture branding but it will continue to operate as an autonomous entity within the consulting giant Accenture. 

Michael Salvino, group chief executive, Accenture Operations, said in a statement that: 
Even companies that have strong cyber security leadership and make wise investments can still find themselves compromised by advanced cyber threats”, and added that: “FusionX gives Accenture the critical ability to prepare our clients against the most advanced cyber adversaries. Accenture will continue to expand its advanced threat capabilities to help clients spot cyber security vulnerabilities, defend themselves against the most advanced cyber threats, and to respond to the inevitable breaches that do occur.” 

Founded in 2010 by security industry veterans Devost and Tom Parker, FusionX is an security consulting, technology, intelligence and risk management solution company. It  specializes in attack simulation, threat modelling and security risk advisory. It customers include financial services, critical infrastructure, technology, government agencies and manufacturing. 

Accenture sees cybersecurity as a new growth area and plans to integrate FusionX's technologies and services into its own global security offerings. The deal present a good opportunity for Accenture to broaden its reach in the global market.

Accenture has been busy beefing up other segments of its portfolio. Last month it acquired London-based energy management and procurement firm EnergyQuote JHA, to expand it footprint in Europe and boost its ability to deliver energy management as-a-service to corporate clients.

About Accenture
Accenture is a global management consulting, technology services and outsourcing company. It has more than 336,000 people serving clients in more than 120 countries. It collaborates with clients to help them become high-performance businesses and governments.

Image Credit: WebWire

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