Accenture buys Redcore and bolsters APAC cyber security capabilities

20 September 2016 Consultancy.uk

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 buys Redcore and bolsters APAC cyber security capabilities

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.

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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.”