August 04, 2015
Accenture Acquires FusionX, Further Bolstering Ability to Help Clients Assess and Respond to Advanced Cyber ThreatsNEW YORK; August 4, 2015 – 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.
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.
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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; 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