Home IT Accenture acquires Israeli cybersecurity company Maglan

Accenture acquires Israeli cybersecurity company Maglan

Accenture has acquired Maglan, a privately-held Israeli cybersecurity company specializing in offensive cyber simulation, vulnerability countermeasures, cyber forensics and malware defenses. Financial terms of the transaction were not disclosed. The capabilities of Maglan will form the core of a future Cyber Fusion Center in Israel, says Accenture.

“The growing variety and velocity of cyber attacks today cannot be eliminated with standard off-the-shelf solutions,” said Omar Abbosh, chief strategy officer, Accenture. “Tackling the security problem from the perspective of the hacker is the name of the game.”

Based in the Tel Aviv metropolitan area, Maglan was founded in 1998 and has performed penetration tests for numerous organizations in Europe, says Accenture. Its clients include companies in the financial services, telecommunications and automotive industries.

With the latest acquisition, Accenture has now made a total of the five investments in the cybersecurity space in the past several months. Earlier investments include the acquisition of FusionX, a company with a 20-year cyber defense legacy; Cimation, an affiliate of Audubon; a minority investment in Endgame, a provider of cybersecurity software solutions; and a minority investment in Team8, a cybersecurity foundry.

Exit mobile version