Accenture is strengthening its security practice with the acquisition of FusionX, a Washington, DC-based cybersecurity company.
FusionX specializes in cyber-attack simulation, threat modeling, cyber-investigations and security risk advisory services. 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, the company said.
This represents the latest step in Accenture’s strategy to roll out security consulting services that support the pursuit of new digital business opportunities.
“Even companies that have strong cybersecurity 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 cybersecurity vulnerabilities, defend themselves against the most advanced cyber-threats, and to respond to the inevitable breaches that do occur.”
Founded in 2010 by security industry veterans Devost and Tom Parker, FusionX works with Fortune 100 organizations in financial services, critical infrastructure, technology, government and manufacturing.
“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.”
Terms of the transaction were not disclosed.