Overview:
On April 7, 2020, Accenture announced the acquisition of Revolutionary Security, an enterprise cybersecurity company for IT as well as operational technology (OT) environments.
Financial terms of the transaction were not disclosed.
About Accenture:
Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services.
Accenture Security leverages its global network of cybersecurity labs, deep industry understanding across client value chains and services that span the security lifecycle and helps organizations protect valuable assets, end-to-end.
About Revolutionary Security:
Founded in 2016, Revolutionary Security is a cybersecurity company. Its portfolio of cybersecurity services includes assessment and testing, design and build of security programs as well as security operations.
It leverages proprietary technology and methods to help mature the security capabilities of its clients and manage risk. The company’s breach and attack simulation testing service, LiveFire®, utilizes real-world cyber threats to identify gaps in security processes and monitoring, as well as staff operations and technologies. The results help organizations prioritize actions to mitigate cyber risks within their enterprise.
It has 90 highly skilled cybersecurity professionals who serve clients across the energy, manufacturing, healthcare, financial services and communications verticals.
The company is headquartered in Blue Bell, PA.
Transaction Rationale:
This acquisition enhances Accenture Security’s critical infrastructure protection capabilities to deliver advanced cyber defense management.
It will provide Accenture’s clients with greater end to end solutions, particularly regarding more complex IT and OT cybersecurity challenges.
Organizations are often unable to foresee and measure OT cyber risk in the same way as IT risk. Revolutionary Security has broad experience working with industrial companies and its insights will add a lot of value to Accenture’s clients.
In March, Accenture agreed to acquire Context Information Security, which is the latest in a series of acquisitions — including those of Symantec’s Cyber Security Services, Deja vu Security, iDefense, Maglan, Redcore, Arismore and FusionX — that demonstrate Accenture Security’s commitment to investing in and innovating advanced cybersecurity solutions.
The Chesapeake Group was not the advisor in this transaction.