Accenture acquires Israel-based cybersecurity firm Maglan

04 July 2016 Consultancy.uk

Accenture has acquired Israel-based cybersecurity firm Maglan for an undisclosed sum. The acquisition significantly boosts the firm’s cybersecurity capabilities, and will, among others, be integrated into its Cyber Fusion Centre in Israel.

Maglan Information Defense & Intelligence Group was founded in 1998 and is headquartered in Tzur Yigal, Israel, with its EU base of operations in Milan, Italy. The firm provides a range of cybersecurity based offerings to private and government clients around the world in the areas of information defense, information security, auditing, consulting, industrial espionage countermeasures, network intelligence, cyber warfare, computer forensic and penetration testing, among others.

Accenture’s acquisition of the firm significantly expands on its expertise in the area of cybersecurity, as the competition among consultancy firms in the segment begins to heat up. The deal, in addition, aims to further boost Israel’s place as a cybersecurity innovation hub, as well as its own set of offerings to clients through the addition of the Maglan’s specialised tools and methodologies.

Accenture acquires Israel based cyber security firm Maglan

The acquisition will be integrated into Accenture’s Cyber Fusion Centre in Israel, which is part of a wider set of centres aimed at providing the firm’s clients with a ‘one-stop-shop’ of offerings for their strategic consultancy and security requirements.

“The growing variety and velocity of cyber attacks today cannot be eliminated with standard off-the-shelf solutions,” says Omar Abbosh, Chief Strategy Officer, Accenture. “Tackling the security problem from the perspective of the hacker is the name of the game. That’s why we are actively pioneering fundamentally differentiated approaches to cyber attack simulation, threat modelling, cyber investigations and security risk advisory services. With this acquisition, we are now able to further tailor services to our clients’ ever-changing security needs.”

“Whether due to spear phishing, malware or ransomware or a combination, the sophistication in attack vectors and cyber espionage is increasing,” says Shai Blitzblau, Maglan President and co-founder. “For nearly two decades, we have built robust security R&D capabilities and helped organisations across a broad range of industries adopt active cyber intelligent-driven approaches to address the rapidly evolving threat landscape and defensive mechanism. We are excited to join forces with Accenture worldwide, and to work with its cyber team here in Israel and across its network of Cyber Fusion Centres.”

Cyber security has been a hot topic recently as the scale of cybercrime increases and its impact becomes more expensive. In the battle for talent and capability in the space, Accenture recently poached Kelly Bissell from Deloitte and has acquired five firms within the space of several months, including FusionX, Cimation and Endgame.

In March another Israeli firm, NICE systems, hit an alliance with a consulting firm: BCG.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”