Accenture Acquires Maglan, Expands Security Services in Israel
June 20 2016 - 3:00AM
Business Wire
Acquisition widens Accenture’s capabilities in
advanced offensive cyber simulation; vulnerability research, threat
intelligence and malware analysis to help organizations actively
combat cyber attacks and maximize their defensive capabilities
Accenture (NYSE:ACN) announced today it has acquired Maglan, a
privately-held Israeli cybersecurity company specializing in
offensive cyber simulation, vulnerability countermeasures, cyber
forensics and malware defenses, and IT security research and
development with a focus on threat intelligence. Financial terms of
the transaction were not disclosed.
The acquisition brings to Accenture a team of highly skilled
cybersecurity professionals, who honed their skills fighting cyber
crime and confronting cyber espionage around the globe. The
acquisition advances Accenture’s strategy of leveraging Israel as a
cybersecurity innovation hub to provide clients with cross-industry
cyber defense consulting. Maglan has specialized tools and
methodologies that will augment Accenture’s full range of security
services and defensive countermeasures, comprising strategy and
risk management through enterprise and extended enterprise
security.
“The growing variety and velocity of cyber attacks today cannot
be eliminated with standard off-the-shelf solutions,” said Omar
Abbosh, chief strategy officer, Accenture. “Tackling the security
problem from the perspective of the hacker is the name of the game.
That’s why we are actively pioneering fundamentally differentiated
approaches to cyber attack simulation, threat modeling, cyber
investigations and security risk advisory services. With this
acquisition, we are now able to further tailor services to our
clients’ ever-changing security needs.”
Based in the Tel Aviv metropolitan area, Maglan was founded in
1998 and has performed extensive penetration tests for numerous
organizations in Europe. Its clients include companies in the
financial services, telecommunications and automotive
industries.
“Whether due to spear phishing, malware or ransomware or a
combination, the sophistication in attack vectors and cyber
espionage is increasing,” said Shai Blitzblau, Maglan president and
co-founder. “For nearly two decades, we have built robust security
R&D capabilities and helped organizations across a broad range
of industries adopt active cyber intelligent-driven approaches to
address the rapidly evolving threat landscape and defensive
mechanism. We are excited to join forces with Accenture worldwide,
and to work with its cyber team here in Israel and across its
network of Cyber Fusion Centers.”
The capabilities of Maglan will also form the core of a future
Accenture Cyber Fusion Center in Israel and support Accenture
around the globe. These state-of-the-art centers are dedicated to
providing clients with one-stop access to a unique fusion of
inter-disciplinary capabilities ranging from innovation and
incubation to strategic consulting and transformation, to the
managed delivery of a broad range of cybersecurity services.
Accenture is continuing to expand its network of Cyber Fusion
Centers and recently introduced a new location in Bangalore, India,
joining existing facilities in Manila and Prague.
With this acquisition, Accenture has now made a total of the
five investments in the cybersecurity space in the past several
months. Earlier investments include the acquisition of acquisition
of FusionX, a company with a 20-year cyber defense legacy; the
acquisition of Cimation, an affiliate of Audubon Companies and an
Industrial Internet of Things consulting company; a minority
investment in Endgame Inc., a provider of cybersecurity software
solutions; and a minority investment in Team8, a cybersecurity
foundry.
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
373,000 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.
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AccentureAlison Geib, + 1
703-947-4404alison.geib@accenture.com
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