Accenture Buys Context Information
Security for $140M
March 9, 2020
has acquired Context Information Security, a leading cyber defense
consultancy, previously owned by parent company Babcock International
Founded in 1998 and headquartered in
London, Context is one of the most recognizable and respected
information security service providers in the U.K. and in global
financial services. The company provides high-end cyber defense,
intelligence-driven red team, vulnerability research and incident
response services. They have been involved in handling some of the most
advanced incident response cases in the industry.
The acquisition of Context — which also has offices in Germany, the U.S.
and Australia —strengthens Accenture Security’s existing portfolio and
becomes part of Accenture’s cyber defense offerings. The addition of
Context’s more than 250 employees will further deepen Accenture
Security’s services to clients.
Context’s client base spans multiple industries including financial
services, government, aerospace & defense, critical infrastructure and
more. The company has played a significant role in helping government
organizations, financial institutions and other clients, respond to the
threat of advanced cyberattacks.
“This acquisition is an excellent match for us, combining a group of
highly skilled cybersecurity professionals globally while providing
differentiated services to clients in the U.K. market,” said Kelly
Bissell, a senior managing director at Accenture, who leads Accenture
Security. “The deal signals continued aggressive growth for Accenture
Security and gives us a new branch of talented family members to help
clients grow their business with confidence and resilience.”
“Context has a remarkable set of cybersecurity skills, capabilities and
reputation in the U.K. as well as in the international financial
services industry to complement the growth we have already driven for
more than a decade in this market,” said Nick Taylor, UKI lead at
Accenture Security. “We are excited to welcome this talented group of
professionals that share a common vision of providing world-class
cybersecurity to our clients."
Raeburn, Context Information Security’s chief executive officer, said,
“We are excited about the opportunity to become part of the Accenture
family. Combining our skills and expertise under one roof to help us do
more for our clients and create more opportunities for our people was an
easy decision. Accenture’s industry-focused approach across adversary
simulation, red teaming, incident response and more, matches Context’s
own strategy. Accenture’s family culture is a great fit for Context.
We’re genuinely excited to join forces to help clients better defend
themselves against the world’s most advanced adversaries.”
Earlier this year in January, Accenture agreed to acquire Symantec’s
Cyber Security Services business, which is the latest in a series of
acquisitions — including those of Deja vu Security, iDefense, Maglan,
Redcore, Arismore and FusionX — that demonstrate Accenture Security’s
commitment to investing, innovating and scaling its cybersecurity
services for clients.