Accenture to Buy Cyber Security Services Business of Symantec from Broadcom

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Accenture (NYSE: ACN) is to acquire Symantec’s Cyber Security Services business from Broadcom, Inc. (NASDAQ: AVGO).

The financial terms of the deal, whose completion is subject to customary closing conditions and is expected to close in March 2020, were not disclosed.

The acquisition will allow Accenture Security to become a leading provider of managed security services, further enhancing its ability to enable companies to anticipate, detect and respond to cyber threats.

Symantec’s Enterprise Security business, now a division of Broadcom, is headquartered in Mountain View, California and its Cyber Security Services business includes more than 300 employees around the world who serve top-tier organizations across a diverse range of industries, including financial services, utilities, health, government, communications, media, technology and retail.

Symantec’s portfolio of Cyber Security Services includes global threat monitoring and analysis through a network of security operation centers, real-time adversary and industry-specific threat intelligence and incident response services.

The six security operations centers are located in the U.S., the United Kingdom, India, Australia, Singapore and Japan. Its managed security services business is supported by a proprietary cloud-based platform that delivers a stream of technical and cyber adversary threat intelligence through a customizable portal.

FinSMEs

07/01/2020

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