Accenture is acquiring Symantec's Cyber Security Services business

Accenture has announced that it will be acquiring Symantec’s Cyber Security Services business from Broadcom. The financial terms of the deal were not disclosed by the company. The inclusion of the Cyber Security Services business to Accenture Security will make it one of the leading providers of managed security services.

The Cyber Security Services from Symantec provides global threat monitoring and analysis through a network of security operation centers, real-time adversary and industry-specific threat intelligence and incident response services. This part of Symantec’s business is located in the U.S., the UK, India, Singapore, Japan, and Australia. Symantec’s Cyber Security Services business has more than 300 employees around the world.

Julie Sweet, Accenture’s Chief Executive Officer said: “With the addition of Symantec’s Cyber Security Services business, Accenture Security will offer one of the most comprehensive managed services for global businesses to detect and manage cybersecurity threats aimed at their companies.”

John Lionato, vice president and general manager of Symantec’s Cyber Security Services business in response said that becoming a part of Accenture Security is a great opportunity for their clients as it will enable them to deliver the next generation of cybersecurity services.

Accenture had a big 2019 where it invested around $1.2 billion on 33 acquisitions.