Accenture Completes Defense Point Security Acquisition, Bolsters Cybersecurity Defense Services for U.S. Federal Agencies
December 02 2016 - 6:33AM
Business Wire
In a move designed to extend its advanced cyber defense and
response service capabilities in support of the U.S. federal
government, Accenture (NYSE:ACN) has completed its acquisition of
Defense Point Security LLC (DPS). DPS is now a wholly owned
subsidiary of Accenture Federal Services (AFS). Terms of the
transaction are not being disclosed.
The transaction, first announced Oct. 5, further deepens
Accenture’s existing cybersecurity capabilities by adding a suite
of cutting-edge cybersecurity services to help federal agencies
maximize their cyber defense strategies, including advanced
Security Operations Center expertise, cyber operations, security
engineering and cyber analytics.
“The combination of highly skilled cybersecurity professionals
from DPS with AFS’s powerful client insights and application and
data-centric security capabilities allows us to offer our federal
clients a bold set of sophisticated and targeted capabilities that
can build resilience from the inside out and help protect their
most valuable information,” said David Moskovitz, AFS chief
executive.
This acquisition further propels Accenture’s strategy to be a
leading provider of end-to-end, federal enterprise security
services, delivering critical security solutions, including cyber
defense and incident response, complex security integration and
advanced cyber analytics to reinforce federal clients’ operational
security.
“We are very excited to join forces with AFS to develop powerful
and effective cyber solutions for our federal clients,” said George
McKenzie, chief executive officer, Defense Point Security.
Accenture Federal Services, a wholly owned
subsidiary of Accenture LLP, is a U.S. company with offices in
Arlington, Virginia. Accenture’s federal business has served every
cabinet-level department and 30 of the largest federal
organizations. Accenture Federal Services transforms bold ideas
into breakthrough outcomes for clients at defense, intelligence,
public safety, civilian and military health organizations.
About DPS
Based in Alexandria, VA, DPS provides cybersecurity services and
solutions for government and commercial customers. Harnessing
innovative proprietary tools, an advanced Analysis Lab, and an
innovative workforce of hybrid security professionals, DPS
leverages decades of training and experience to enable effective
and efficient use of customers’ IT budgets and resources. DPS
provides cybersecurity services that include: Security Engineering
& Architecture, Cyber Operations, Managed Security Services,
Information Assurance, Cybersecurity Education & Training.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions – underpinned by the world’s largest
delivery network – Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With approximately
384,000 people serving clients in more than 120 countries,
Accenture drives innovation to improve the way the world works and
lives. Visit us at www.accenture.com.
Forward-Looking Statements
Except for the historical information and discussions contained
herein, statements in this news release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “should,” “likely,” “anticipates,” “expects,” “intends,”
“plans,” “projects,” “believes,” “estimates,” “positioned,”
“outlook” and similar expressions are used to identify these
forward-looking statements. These statements involve a number of
risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or implied. These
include, without limitation, risks that: the transaction might not
achieve the anticipated benefits for the company; the company’s
results of operations could be adversely affected by volatile,
negative or uncertain economic conditions and the effects of these
conditions on the company’s clients’ businesses and levels of
business activity; the company’s business depends on generating and
maintaining ongoing, profitable client demand for the company’s
services and solutions, including through the adaptation and
expansion of its services and solutions in response to ongoing
changes in technology and offerings, and a significant reduction in
such demand or an inability to respond to the changing
technological environment could materially affect the company’s
results of operations; if the company is unable to keep its supply
of skills and resources in balance with client demand around the
world and attract and retain professionals with strong leadership
skills, the company’s business, the utilization rate of the
company’s professionals and the company’s results of operations may
be materially adversely affected; the markets in which the company
competes are highly competitive, and the company might not be able
to compete effectively; the company could have liability or the
company’s reputation could be damaged if the company fails to
protect client and/or company data from security breaches or
cyberattacks; the company’s profitability could materially suffer
if the company is unable to obtain favorable pricing for its
services and solutions, if the company is unable to remain
competitive, if its cost-management strategies are unsuccessful or
if it experiences delivery inefficiencies; changes in the company’s
level of taxes, as well as audits, investigations and tax
proceedings, or changes in tax laws or in their interpretation or
enforcement, could have a material adverse effect on the company’s
effective tax rate, results of operations, cash flows and financial
condition; the company’s results of operations could be materially
adversely affected by fluctuations in foreign currency exchange
rates; 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, investing in or
integrating businesses, entering into joint ventures or divesting
businesses; the company’s Global Delivery Network is increasingly
concentrated in India and the Philippines, which may expose it to
operational risks; 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; if the
company is unable to manage the organizational challenges
associated with its size, the company might be unable to achieve
its business objectives; 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; 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; the
company’s results of operations and share price could be adversely
affected if it is unable to maintain effective internal controls;
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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AccentureDeirdre Blackwood, +1
703-947-5798deirdre.m.blackwood@accenture.com
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