Accenture set to take over Symantec’s cybersecurity services business

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Accenture has agreed to acquire Symantec’s Cyber Security Services business from Broadcom. The financial terms were not disclosed.

The acquisition will make Accenture Security one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect and respond to cyber threats.

“Cybersecurity has become one of the most critical business imperatives for all organizations regardless of industry or geographic location,” said Julie Sweet, Accenture’s Chief Executive Officer. “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.”

“Becoming part of Accenture Security is a tremendous opportunity for our clients and our cyber warriors around the globe, enabling us to fuse the unique services, capabilities and solutions of two well-established companies to deliver the next generation of cybersecurity services,” said John Lionato, vice president and general manager of Symantec’s Cyber Security Services business.

Symantec’s Cyber Security Services business will be the latest in a series of acquisitions including those of Deja vu Security, iDefense, Maglan, Redcore, Arismore and FusionX.

Completion of the acquisition is subject to customary closing conditions and is expected to close in March 2020.

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