Accenture Buys Endgame's U.S. Federal Services Business
In another move towards its goal of building a build a $1 billion security practice, Accenture struck a deal to acquire the federal services business of Endgame, Inc., a threat-detection company.
"By adding Endgame’s federal services team, Accenture Federal Services can better equip our clients to identify and eradicate malicious attacks faster and more effectively," David Moskovitz, Accenture Federal Services' chief executive said in a statement.
Following the close of the deal, Endgame’s federal government services business will be tucked into Accenture’s Federal Services group, boosting the company’s federal security organization with an additional team of highly skilled cybersecurity professionals.
[Related: Accenture Continues All-Out Security Offensive With Intent To Buy 270-Person Services Firm]
The acquisition is expected to close following regulatory review and other customary closing conditions. Financial details of the deal were not disclosed.
Arlington, Va.–based Endgame specializes in proactive cyber defense, offering services that help companies test and diagnose vulnerabilities in their cybersecurity plans. This acquisition itself builds off of an agreement that Accenture made with Endgame back in March, when the Dublin-based solution provider bought a minority share of Endgame and began reselling some of its security solutions.
As a part of the acquisition of Endgame’s federal government services business, Accenture has agreed to reinforce its existing agreement with the company by reselling its endpoint detection and response (EDR) platform. "We see this as a natural evolution of our existing strong services partnership with Accenture that provides them with the ability to expand their cybersecurity services while Endgame focuses on accelerating growth of our EDR platform," Nate Fick, CEO of Endgame said in a statement.
Since August 2015, Accenture, No. 2 on the CRN SP500 list, has bought a minority stake in Israeli cybersecurity company Team8 and it has acquired Arlington, Va.-based Fusion X; Houston-based industrial IoT security specialist, Cimation; Israeli cybersecurity company Maglan; Arlington, Va.-based Defense Point Security LLC; and the French identity and access management company, Arismore.
In June, Accenture unified its cybersecurity lines of business into a dedicated, standalone practice and hired former Deloitte executive Kelly Bissell to lead it. Since then, the company has hired former Fidelis CSO, Justin Harvey, to lead the company’s incident response practice and Former CIA executive Ira "Gus" Hunt to lead of its federal cybersecurity practice.
Accenture has predicted its cybersecurity organization would bring in well over $1 billion in annual revenue, more than the $500 million to $1 billion the company previously brought in from security-related services. This would be accomplished, the company said, by addressing industry-specific vulnerabilities and growing Accenture's presence in such areas as mobile security and in traditional governance, risk management and compliance (GRC) consulting.