Accenture acquires Defense Point Security, US-based cyber consultant

13 October 2016 Consultancy.uk

Cybercrime is becoming increasingly problematic for companies and governments globally, as a range of digital avenues and developing adversaries tap into systems to extract a range of value. As costs grow, companies are turning to consultancy firms for advice. In a bid to meet demand, as well as access relevant certifications, Accenture recently acquired US-based Defense Point Security for an undisclosed sum.

The cyber security space has seen considerable growth in recent years, as cyber criminals take advantage of increasingly sophisticated tools and slow responses from businesses and governments. Globally, cybercrime costs society more than $400 billion per year, with up to 500,000 incidents per day recorded.

In a bid to support companies defend their digital frontiers, consultancy firms are bolstering their practices and buying up companies to boost those practices inorganically, to meet market demand. Recent deals include Accenture’s acquisition of Maglan and Redcore; PwC’s acquisition of Everett; BDO’s acquisition of Secoz; and EY’s Mycroft deal.

Accenture acquires Defense Point Security

Accenture, to further bolster its cyber security capabilities following recent acquisitions, is acquiring Defense Point Security (DPS) for an undisclosed sum. DPS is one of the larger privately owned cyber security firms in the US. The company, founded in 2007 and situated in Alexandria, Virginia, provides cyber security services to both commercial clients and the Federal Government, leveraging a host of certificates to meet Federal requirements, including HIPAA, PCI, FISMA and NIST.

The deal adds a range of additional capacities to Accenture’s cyber security offering, particularly to US federal government clients. Besides key certifications, the add-on provides the firm with a “suite of advanced detection, engineering and operations services, as well as expertise with cybersecurity consulting, Managed Security Services (MSS) and Big Data platforms”.

David Moskovitz, Chief Executive Office at Accenture Federal Services, says, “With the velocity and ferocity of cyber threats, DPS’ expertise in enhanced operational security and advanced security analytics will boost AFS’ ability to bring cutting-edge cyber solutions that will help federal agencies best protect their most valuable information.” He continues to say,“The addition of DPS’ specialised cyber defence tools and methodologies, together with our powerful client insights, will further propel our strategy to be a leading provider of end-to-end, federal enterprise security services.”

Defense Point Security's Chief Executive Officer George McKenzie adds, “The sophistication of cyber-attacks continues to increase. We are focused on evolving the defensive strategies and solutions to best address the rapidly evolving federal threat landscape. We are excited to join forces with Accenture Federal Services, and to work with its cyber team to address the pressing challenges facing our clients.”

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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.”