Global consulting giant Accenture announced on Tuesday it has acquired FusionX, a Washington, DC-based cybersecurity firm.
FusionX specializes in cyber attack simulation, threat modeling, cyber investigations and security risk advisory -- services that Dublin-based Accenture plans to fold into its own suite of global security offerings.
Fusion X was founded in 2010 by security industry veterans Devost and Tom Parker. The company's customers include financial services, technology, manufacturing and government organizations.
"Even companies that have strong cyber security leadership and make wise investments can still find themselves compromised by advanced cyber threats," said Michael Salvino, group chief executive, Accenture Operations. "FusionX gives Accenture the critical ability to prepare our clients against the most advanced cyber adversaries."
Financial terms of the deal were not disclosed, but thanks to the ongoing raft of cyber attacks and data breaches, security vendors have enjoyed a significant amount bargaining power. Microsoft recently picked up the Israeli cloud security provider Adallom for $320 million, while Spunk bought security startup Caspida for $190 million.
Apart from security, Accenture has been busy beefing up other segments of its portfolio. The FusionX deal comes just weeks after Accenture scooped up EnergyQuote JHA, a London-based energy management and procurement services provider. The acquisition will help Accenture expand its footprint in Europe and its ability to deliver energy management as-a-service to corporations.
Earlier in July Accenture inked a new deal with shipbuilder Hyundai Heavy Industries to tackle the high seas through the Internet of Things movement. The partnership will have the two companies designing a connected smart ship with real-time analytics on the promise of bringing greater safety and efficiency to the shipping industry.