Accenture has acquired Melbourne-based cyber security firm Redcore for an undisclosed sum. The deal boosts Accenture’s regional capabilities in cyber security & identity management, and sees 130 staff across 5 countries transfer to the global consultancy.
Redcore is a Melbourne, Australia, based cyber security, identity management and IT service management company. The privately held company, which was founded in 2010, provides products from a range of partners, such as Oracle and BMC, as well as offering its own holistic authentication, authorisation and administration offering through cloud, web, mobile and adaptive access-management technologies. The firm’s primary customer base include APAC financial services industry players, such as banks, as well as government agencies. Redcore has 130 staff working across offices in Australia, New Zealand, India, the Philippines and Singapore.
Accenture’s acquisition of Redcore, which is still subject to customary closing conditions, will boost the firm’s regional capabilities in what is – on the back of global cyber insecurity – becoming a fast growing segment in the consulting and technology market. The addition adds Identity and Access Management (IAM) services and security-as-a-service (SaaS) capabilities to Accenture’s regional offering, as well as more critical cyber defence services.
Kelly Bissell, Managing Director at Accenture Security, says, “Redcore has a team of seasoned security leaders who have exceptional security skills and industry knowledge. Together, we will be better positioned to tailor intelligent security services to organisations’ unique businesses and industries and deliver innovative solutions that help build business resilience from the inside out.”
Joseph Failla, co-founder, Redcore, says that the firm is “excited” about joining Accenture Security and “to bring our proven deep, highly-specialised skills and services to strengthen Accenture’s IAM and other cybersecurity offerings. We are proud of our team and our achievements, and we now look forward to creating an unrivalled combined cybersecurity team and launching capabilities that will change the market.”
The move by Accenture builds on another acquisition it recently closed in the cyber security domain, that of Maglan, an Israel-based player. Other firms the US giant picked up in recent months include New Energy Group (450 professionals; Europe), MOBGEN (added 160 staff in Europe), IMJ Corporation (a Japanese digital firm in which Accenture took a majority stake) and dgroup (60 consultants; Germany).
See the page Accenture | Mergers & Acquisitions for an overview of all Accenture deals featured on Consultancy.uk.