Accenture acquired UK-Based Context Information Security platform

Accenture Acquired UK-Based Context Information Security platform

Accenture has recently acquired cyber defence consulting company, a Context Information Security from the former parent company Babcock International group.

The financial terms of the transaction were not disclosed in the announcement. But Crunchbase reports that the transaction was done in $140 Million in all cash.

London headquartered Context Information Security was founded in 1998. Over a couple of years, it has expanded to include more than 250 employees and having its offices in Germany, Australia, and the United States. The company offers a high-end cyber defence, vulnerability research, intelligence-driven red team, and incident response services.

In January, Accenture also acquired Symantec’s Cyber Security Services business from Broadcom. The acquisition helped Accenture become one of the leader in managed security services offerings. Symantec’s Cyber Security Services brings a global threat monitoring and analysis to Accenture's security portfolio. The monitoring is done through a network of security operation centers, real-time adversary and industry-specific threat intelligence and incident response services.

Executive Opinion

Senior Managing Director at Accenture, who leads Accenture Security, Kelly Bissell, said, "This acquisition is an excellent match for us, combining a group of highly skilled cybersecurity professionals globally while providing differentiated services to clients in the U.K. market. The deal signals continued aggressive growth for Accenture Security and gives us a new branch of talented family members to help clients grow their business with confidence and resilience.”"

UKI lead at Accenture Security, Nick Taylor, said, "Context has a remarkable set of cybersecurity skills, capabilities, and reputation in the U.K. as well as in the international financial services industry to complement the growth we have already driven for more than a decade in this market. We are excited to welcome this talented group of professionals that share a common vision of providing world-class cybersecurity to our clients."

Context Information Security Brings unique Capabilities to Accenture

Context will help to strengthen Accenture's existing security portfolio, which includes the Redcore, iDefense, Déjà vu Security, Arismore, and FusionX.

With the help of this new acquisition, Context now forms part of the Accenture cyber-defence offerings, strengthening Accenture Security's existing portfolio, notes the announcement.

Context is perhaps best known for the role it has played in helping government organizations, financial institutions, and other clients respond to the threat of advanced cyber attacks. Context's caters its services to enterprises in the field of financial services, government, aerospace & defence and other critical infrastructure segments.

PC: Pablo, Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)