Accenture (NYSE: ACN) is announcing the acquisition of Deja vu Security,
a privately held company that specializes in security design and testing
of enterprise software platforms and internet of things (IoT)
technologies.
The Seattle-area company has become part of Accenture Security’s Cyber
Defense offerings. Financial terms of the agreement were not disclosed.
Serving some of the world’s largest technology companies, Deja vu
Security provides a full range of security services designed to
strengthen business applications and increase cyber resilience by
integrating security throughout the product development lifecycle.
Founded in 2011, Deja vu Security brings to Accenture a deep expertise
in the techniques, tools and methods for securing connected devices and
IoT networks. The acquisition of Deja vu Security also builds on
Accenture Security’s commitment to investing in and innovating
next-generation cybersecurity solutions to help protect clients’
business from end to end.
“For technology companies, third-party suppliers and consumers alike,
IoT security controls often remain an afterthought — which is why it’s
critical that security is built in from the start for any new products,
processes or services,” said Kelly Bissell, senior managing director of
Accenture Security. “Deja vu Security’s team of innovative specialists
brings considerable technical cybersecurity skills, making them a strong
strategic fit, and will help our clients reduce the risk of their
connected solutions. We are very excited to welcome the Deja vu Security
team to Accenture.”
High-profile cyberattacks continue to demonstrate how vulnerable
enterprise networks can result in significant business disruption and
financial loss. Recent Accenture research
found that companies globally could incur US$5.2 trillion in additional
costs and lost revenue over the next five years due to cyberattacks, as
dependence on complex internet-enabled business models outpaces the
ability to introduce adequate safeguards that protect critical assets.
Adam Cecchetti, Deja vu Security’s chief executive officer, said,
“Today’s announcement is an exciting new chapter for Deja vu Security
and our employees. Accenture’s people-focused culture and innovative
mindset are core values that both companies share, and our unique
capabilities complement each other perfectly. We are thrilled to be
joining such a high-caliber global organization.”
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 477,000 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.
Accenture Security helps organizations build resilience from the
inside out, so they can confidently focus on innovation and growth.
Leveraging its global network of cybersecurity labs, deep industry
understanding across client value chains and services that span the
security lifecycle, Accenture protects organizations’ valuable assets,
end-to-end. With services that include strategy and risk management,
cyber defense, digital identity, application security and managed
security, Accenture enables businesses around the world to defend
against known sophisticated threats, and the unknown. Follow us
@AccentureSecure on Twitter or visit us at www.accenture.com/security.
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: Accenture and Deja vu Security
will not be able to close the transaction in the time period
anticipated, or at all, which is dependent on the parties’ ability to
satisfy certain closing conditions; the transaction might not achieve
the anticipated benefits for Accenture; Accenture’s results of
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as well as audits, investigations and tax proceedings, or changes in tax
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might not be successful at acquiring, investing in or integrating
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Accenture is unable to protect its intellectual property rights or if
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margins; Accenture’s results of operations and share price could be
adversely affected if it is unable to maintain effective internal
controls; Accenture might be unable to access additional capital on
favorable terms or at all and if the company raises equity capital, it
may dilute its shareholders’ ownership interest in the company;
Accenture 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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