Accenture (NYSE:ACN) has acquired FusionX, a Washington, DC-based cyber security company that has a fundamentally differentiated approach to cyber attack simulation, threat modeling, cyber investigations and security risk advisory services. The acquisition will further strengthen Accenture’s Security practice and help clients accurately assess their ability to protect against, detect and, where necessary, respond to sophisticated and sustained cyber attacks.
Through the acquisition, FusionX will join and augment Accenture’s growing global Security team. By combining FusionX’s expertise in identifying security vulnerabilities with Accenture’s industrialized suite of security transformation and operations offerings, the acquisition will allow clients to more effectively manage risk and improve business results.
“Even companies that have strong cyber security leadership and make wise investments can still find themselves compromised by advanced cyber threats,” said Michael Salvino, group chief executive, Accenture Operations. “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.”
“I’m incredibly proud of the team we have built at FusionX. For the last five years, we have redefined the way our clients defend themselves against advanced cyber threats,” said Matthew Devost, FusionX president and CEO. “By joining Accenture, we will be able to accelerate the expansion of our capabilities, enabling both existing FusionX and Accenture clients to continue to validate and mature their security postures, and draw from Accenture’s substantial security advisory, transformation and operations services. Our team thrives on solving our clients’ toughest security challenges and is looking forward to combining our expertise with Accenture’s security capabilities and experience.”
Founded in 2010 by security industry veterans Devost and Tom Parker, FusionX is staffed by an elite team of highly technical security experts. The company works with Fortune 100 organizations in financial services, critical infrastructure, technology, government, and manufacturing.
Terms of the transaction were not disclosed.
About Accenture
Accenture is a global management consulting,
technology services and outsourcing company, with more than 336,000
people serving clients in more than 120 countries. Combining
unparalleled experience, comprehensive capabilities across all
industries and business functions, and extensive research on the world’s
most successful companies, Accenture collaborates with clients to help
them become high-performance businesses and governments. The company
generated net revenues of US$30.0 billion for the fiscal year ended Aug.
31, 2014. Its home page is www.accenture.com.
Forward-Looking Statements
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affected by volatile, negative or uncertain economic conditions and the
effects of these conditions on the company’s clients’ businesses and
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utilization rate of the company’s professionals and the company’s
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in which the company competes are highly competitive, and the company
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obligated by law or contract or if the company’s information systems are
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be materially negatively affected if the company cannot adapt and expand
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performing its work or if the third parties upon whom it relies do not
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profitability could suffer if its cost-management strategies are
unsuccessful, and the company may not be able to improve its
profitability through improvements to cost-management to the degree it
has done in the past; the company’s business could be materially
adversely affected if the company incurs legal liability; the company’s
work with government clients exposes the company to additional risks
inherent in the government contracting environment; the company might
not be successful at identifying, acquiring or integrating businesses or
entering into joint ventures; the company’s Global Delivery Network is
increasingly concentrated in India and the Philippines, which may expose
it to operational risks; changes in the company’s level of taxes, as
well as audits, investigations and tax proceedings, or changes in the
company’s treatment as an Irish company, could have a material adverse
effect on the company’s results of operations and financial condition;
as a result of the company’s geographically diverse operations and its
growth strategy to continue geographic expansion, the company is more
susceptible to certain risks; adverse changes to the company’s
relationships with key alliance partners or in the business of its key
alliance partners could adversely affect the company’s results of
operations; the company’s services or solutions could infringe upon the
intellectual property rights of others or the company might lose its
ability to utilize the intellectual property of others; if the company
is unable to protect its intellectual property rights from unauthorized
use or infringement by third parties, its business could be adversely
affected; the company’s ability to attract and retain business and
employees may depend on its reputation in the marketplace; many of the
company’s contracts include payments that link some of its fees to the
attainment of performance or business targets and/or require the company
to meet specific service levels, which could increase the variability of
the company’s revenues and impact its margins; if the company is unable
to collect its receivables or unbilled services, the company’s results
of operations, financial condition and cash flows could be adversely
affected; if the company is unable to manage the organizational
challenges associated with its size, the company might be unable to
achieve its business objectives; the company’s share price and results
of operations could fluctuate and be difficult to predict; the company’s
results of operations and share price could be adversely affected if it
is unable to maintain effective internal controls; any changes to the
estimates and assumptions that the company makes in connection with the
preparation of its consolidated financial statements could adversely
affect its financial results; the company may be subject to criticism
and negative publicity related to its incorporation in Ireland; as well
as the risks, uncertainties and other factors discussed under the “Risk
Factors” heading in Accenture plc’s most recent annual report on Form
10-K and other documents filed with or furnished to the Securities and
Exchange Commission. Statements in this news release speak only as of
the date they were made, and Accenture undertakes no duty to update any
forward-looking statements made in this news release or to conform such
statements to actual results or changes in Accenture’s expectations.
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