- Accenture announced it is buying Context Information Security. These are the details about the deal you should know.
Accenture announced it is buying Context Information Security, which is a leading cyber defense consultancy (previously owned by parent company Babcock International Group). The financial terms were not disclosed.
Launched in 1998 and headquartered in London, Context is known as one of the most recognizable and respected information security service providers in the U.K. and in global financial services. And the company provides high-end cyber defense, intelligence-driven red team, vulnerability research, and incident response services. Plus they have been involved in handling some of the most advanced incident response cases in the industry.
The acquisition of Context strengthens Accenture Security’s existing portfolio and becomes part of Accenture’s cyber defense offerings. And the addition of Context’s 250+ employees will further deepen Accenture Security’s services to clients.
Context’s client base spans multiple industries, including financial services, government, aerospace & defense, critical infrastructure, etc. And the company has played a significant role in helping government organizations, financial institutions and other clients, respond to the threat of advanced cyberattacks.
In January, Accenture acquired Symantec’s Cyber Security Services business, which is the company’s latest in a series of acquisitions, including Deja vu Security, iDefense, Maglan, Redcore, Arismore, and FusionX. This demonstrate Accenture Security’s commitment to investing, innovating, and scaling its cybersecurity services for clients.
Key Quotes:
“This acquisition is an excellent match for us, combining a group of highly skilled cybersecurity professionals globally while providing differentiated services to clients in the U.K. market. The deal signals continued aggressive growth for Accenture Security and gives us a new branch of talented family members to help clients grow their business with confidence and resilience.”
-Kelly Bissell, senior managing director at Accenture – who leads Accenture Security
“Context has a remarkable set of cybersecurity skills, capabilities and reputation in the U.K. as well as in the international financial services industry to complement the growth we have already driven for more than a decade in this market. We are excited to welcome this talented group of professionals that share a common vision of providing world-class cybersecurity to our clients.”
-Nick Taylor, UKI lead at Accenture Security
“We are excited about the opportunity to become part of the Accenture family. Combining our skills and expertise under one roof to help us do more for our clients and create more opportunities for our people was an easy decision. Accenture’s industry-focused approach across adversary simulation, red teaming, incident response and more, matches Context’s own strategy. Accenture’s family culture is a great fit for Context. We’re genuinely excited to join forces to help clients better defend themselves against the world’s most advanced adversaries.”
-Mark Raeburn, Context Information Security’s chief executive officer,
