Tuesday, February 14, 2023
HomeInformation SecurityAccenture Acquires Morphus, Brazil-Based mostly Cybersecurity Firm

Accenture Acquires Morphus, Brazil-Based mostly Cybersecurity Firm


FORTALEZA, Brazil and NEW YORK; Feb. 13, 2023 – Accenture (NYSE: ACN) has acquired Morphus, a privately held Brazil-based cyber protection, threat administration and cyber menace intelligence providers supplier, increasing its follow capabilities in Brazil and Latin America. Monetary phrases weren’t disclosed.

Based in 2003, Morphus is headquartered in Fortaleza, which is within the Ceará area in northeastern Brazil, with places of work in Recife, São Paulo, Rio de Janeiro and Santiago, Chile. Morphus’s end-to-end portfolio consists of purple and blue staff providers; governance, threat and compliance providers; enterprise threat administration; cyber technique; menace intelligence; and managed safety providers (MSS). 

Based on Accenture’s latest Cyber Risk Intelligence analysis, Brazil is likely one of the prime victims of infostealer malware – a malicious software program designed to steal sufferer data reminiscent of passwords. 

“Along with the capabilities and skilled management of Morphus, we’ll work as one staff to assist organizations construct a cyber resilient enterprise and higher safe their digital core, their know-how and provide chains,” mentioned Paolo Dal Cin, who leads Accenture Safety globally. “The acquisition brings greater than 230 extremely expert professionals, making Accenture one of many largest cybersecurity skilled providers suppliers in Brazil. Our purchasers are at all times on the lookout for the very best options to strengthen their cyber defenses, and the addition of Morphus expands our international analysis workforce and community of gifted, modern safety professionals.”

The acquisition expands Accenture’s portfolio and marks the launch of a Cyber Business follow in Latin America led by seasoned former CISOs from Morphus. The brand new choices additionally develop Accenture’s place in Progress Markets in Morphus’s main business teams: communications media and know-how, monetary providers, vitality, retail and aviation.

Rawlison Brito, CEO of Morphus, mentioned: “We consider that safety and science go hand-in-hand. With Accenture, we are able to proceed our cyber menace analysis and develop our superior research of cybersecurity by collaborating with safety analysis consultants on a world scale. We’re excited to hitch Accenture to supply our thought management and higher serve our purchasers by offering market-leading providers and stronger cyber protection safety in Latin America.”

With a robust footprint in Brazil and Chile, the acquisition brings to Accenture Morphus Labs, a analysis facility in Fortaleza devoted to cybersecurity research, vulnerability and menace evaluation and MSS. This may add a brand new Cyber Fusion Heart in Fortaleza to Accenture’s current international community, which incorporates Morphus’s cybersecurity R&D capabilities.

Andre Fleury, Accenture Safety lead for Latin America, mentioned: “The cybersecurity staff at Morphus will speed up the expansion of our Cyber Business follow within the area, practically doubling our safety footprint in Brazil. The acquisition enhances our international Safety follow and can allow us to assist our purchasers embed safety by design and improve the choices we offer throughout all kinds of industries in Latin America.”

Final yr, Accenture was acknowledged as a pacesetter in strategic safety providers and MSS in Brazil by ISG.

Since 2015, Accenture Safety has made 16 acquisitions. Following its January 2020 acquisition of Symantec’s Cyber Safety Companies enterprise, Accenture grew to become one of many main international suppliers of MSS. Accenture additional strengthened its cyber protection and MSS capabilities by way of the acquisition of Brazil-based Actual Defend, and European cyber corporations Sentor and Openminded in 2021.

Ahead-Trying Statements

Apart from the historic data and discussions contained herein, statements on this information launch could represent forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. Phrases reminiscent of “could,” “will,” “ought to,” “probably,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “initiatives,” “believes,” “estimates,” “positioned,” “outlook,” “aim,” “goal” and comparable expressions are used to establish these forward-looking statements. These statements will not be ensures of future efficiency nor guarantees that objectives or targets might be met, and contain numerous dangers, uncertainties and different elements which might be troublesome to foretell and will trigger precise outcomes to vary materially from these expressed or implied. These dangers embody, with out limitation, dangers that: the transaction won’t obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and should sooner or later be, adversely affected by unstable, damaging or unsure financial and political circumstances and the results of those circumstances on the corporate’s purchasers’ companies and ranges of enterprise exercise; Accenture’s enterprise is dependent upon producing and sustaining shopper demand for the corporate’s providers and options together with by way of the variation and growth of its providers and options in response to ongoing adjustments in know-how and choices, and a major discount in such demand or an incapability to answer the evolving technological setting might materially have an effect on the corporate’s outcomes of operations; if Accenture is unable to match individuals and their expertise with shopper demand all over the world and entice and retain professionals with robust management expertise, the corporate’s enterprise, the utilization charge of the corporate’s professionals and the corporate’s outcomes of operations could also be materially adversely affected; Accenture faces authorized, reputational and monetary dangers from any failure to guard shopper and/or firm information from safety incidents or cyberattacks; the markets during which Accenture operates are extremely aggressive, and Accenture won’t be capable to compete successfully; Accenture’s potential to draw and retain enterprise and staff could depend upon its repute within the market; Accenture’s environmental, social and governance (ESG) commitments and disclosures could expose it to reputational dangers and authorized legal responsibility; if Accenture doesn’t efficiently handle and develop its relationships with key ecosystem companions or fails to anticipate and set up new alliances in new applied sciences, the corporate’s outcomes of operations may very well be adversely affected; Accenture’s profitability might materially undergo if the corporate is unable to acquire favorable pricing for its providers and options, if the corporate is unable to stay aggressive, if its cost-management methods are unsuccessful or if it experiences supply inefficiencies or fail to fulfill sure agreed-upon targets or particular service ranges; adjustments in Accenture’s stage of taxes, in addition to audits, investigations and tax proceedings, or adjustments in tax legal guidelines or of their interpretation or enforcement, might have a fabric antagonistic impact on the corporate’s efficient tax charge, outcomes of operations, money flows and monetary situation; Accenture’s outcomes of operations may very well be materially adversely affected by fluctuations in international forex trade charges; adjustments to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements might adversely have an effect on its monetary outcomes; because of Accenture’s geographically various operations and technique to proceed to develop in key markets all over the world, the corporate is extra prone to sure dangers; if Accenture is unable to handle the organizational challenges related to its dimension, the corporate is perhaps unable to attain its enterprise goals; Accenture won’t achieve success at buying, investing in or integrating companies, getting into into joint ventures or divesting companies; Accenture’s enterprise may very well be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s international operations expose the corporate to quite a few and typically conflicting authorized and regulatory necessities; Accenture’s work with authorities purchasers exposes the corporate to extra dangers inherent within the authorities contracting setting; if Accenture is unable to guard or implement its mental property rights or if Accenture’s providers or options infringe upon the mental property rights of others or the corporate loses its potential to make the most of the mental property of others, its enterprise may very well be adversely affected; Accenture could also be topic to criticism and damaging publicity associated to its incorporation in Eire; in addition to the dangers, uncertainties and different elements mentioned below the “Danger Components” heading in Accenture plc’s most up-to-date Annual Report on Kind 10-Okay and different paperwork filed with or furnished to the Securities and Change Fee. Statements on this information launch converse solely as of the date they had been made, and Accenture undertakes no obligation to replace any forward-looking statements made on this information launch or to adapt such statements to precise outcomes or adjustments in Accenture’s expectations.

About Accenture 

Accenture is a number one international skilled providers firm that helps the world’s main companies, governments and different organizations construct their digital core, optimize their operations, speed up income development and improve citizen providers—creating tangible worth at velocity and scale. We’re a expertise and innovation led firm with 738,000 individuals serving purchasers in additional than 120 nations. Expertise is on the core of change right now, and we’re one of many world’s leaders in serving to drive that change, with robust ecosystem relationships. We mix our power in know-how with unmatched business expertise, practical experience and international supply functionality. We’re uniquely in a position to ship tangible outcomes due to our broad vary of providers, options and property throughout Technique & Consulting, Expertise, Operations, Business X and Accenture Track. These capabilities, along with our tradition of shared success and dedication to creating 360° worth, allow us to assist our purchasers succeed and construct trusted, lasting relationships. We measure our success by the 360° worth we create for our purchasers, one another, our shareholders, companions and communities. Go to us at www.accenture.com.

Accenture Safety is a number one supplier of end-to-end cybersecurity providers, together with superior cyber protection, utilized cybersecurity options and managed safety operations. We deliver safety innovation, coupled with international scale and a worldwide supply functionality by way of our community of Superior Expertise and Clever Operations facilities. Helped by our staff of extremely expert professionals, we allow purchasers to innovate safely, construct cyber resilience and develop with confidence. Observe us @AccentureSecure on Twitter, LinkedIn or go to us at accenture.com/safety



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