Accenture has positioned itself to acquire cybersecurity firm Arismore for an undisclosed sum. The acquisition would add 270 security experts to the firm's regional footprint, while further boosting the firm's capabilities in the identity management space.
Arismore is an in 2002 founded French cybersecurity company. The company provides a host of security and enterprise architecture services for organisations in the telecommunications, media, distribution, energy, transportation, banking and insurance sectors. Arismore, which is situated in Saint-Cloud and has offices in Villeneuve d’Ascq and La Ciotat, has a team of around 270 security and enterprise architecture staff.
Cybersecurity remains a key concern for organisations globally, costing the global economy an estimated $440 billion and businesses an estimated $280 billion. The proposed acquisition would, according to Accenture, bolster the firm’s capacity in the identify management space, while further boosting its overall position in the cybersecurity advisory ecosystem. The addition would be leveraged to provide clients across Europe with an end-to-end cybersecurity proposition.
The acquisition is subject to customary closing conditions, as well as requiring prior consultation and the sign-off of respective works councils.The value of the deal has not been disclosed.
Kelly Bissell, Managing Director of Accenture Security remarks about the deal: “As we continue to add firepower and build momentum in our security business, we would take advantage of this acquisition to bring our extensive portfolio of end-to-end security services to clients across Europe. We look forward to completing this acquisition and laying a solid foundation with Arismore for delivering security innovations to clients.”
Arismore's President and CEO, Eric Boulay, remarks, “Accenture and Arismore share the belief that digital trust and digital transformation are at the heart of business transformation. We are both committed to continuously innovating IAM and enterprise architecture services that will help organizations build digital trust while benefiting from the power and flexibility of the cloud. The entire team at Arismore is extremely excited by this opportunity to join Accenture Security, and we look forward to supporting its growth in the field of identity management and other security capabilities.”
Last year, across the Atlantic, Accenture Federal Services boosted its cybersecurity capabilities with the acquisition of Virginia-based Defence Point Security and the addition of cybersecurity expert Ira Hunt from the CIA.