Accenture to acquire Symantec’s cyber security services business from Broadcom

In its first major acquisition of the year, US IT services player Accenture on Tuesday said that it will acquire Symantec’s cyber security services business from Broadcom Inc for an undisclosed amount.

In its 2019 fiscal year, Accenture invested nearly $1.2 billion globally on 33 acquisitions to acquire critical skills and capabilities in strategic, high-growth areas of the market. The acquisition will make Accenture Security one of the leading providers of managed security services, Accenture said in a statement.

Symantec’s portfolio of Cyber Security Services includes global threat monitoring and analysis through a network of security operation centres, real-time adversary and industry-specific threat intelligence and incident response services. “Cybersecurity has become one of the most critical business imperatives for all organisations regardless of industry or geographic location,” said Julie Sweet, Accenture’s Chief Executive Officer.