Accenture bought the Symantec cybersecurity services business from Broadcom
According to an announcement issued by Accenture, a company listed on the New York Stock Exchange, the company has reached an agreement with Broadcom to acquire Symantec cybersecurity services business. Symantec cybersecurity services business is a business unit that was sold to Broadcom last fall.
As originally envisaged, after Broadcom acquired Symantec’s enterprise security business, it can use existing customer resources to provide security services to these customers to expand revenue.
However, Accenture bought the Symantec cybersecurity services business from Broadcom less than half a year later. It was Accenture Ireland.
Accenture, established in Dublin, Ireland, is a comprehensive service company. Its business involves corporate strategic consulting, information security, and operations.
The purpose of this acquisition of Symantec ’s corporate cybersecurity business is primarily Accenture ’s desire to enhance its ability to help corporate customers predict, detect, and respond to cybersecurity.
It is also an important business to provide security consulting and security services to companies in Accenture’s territory, so it is not an accident to acquire Symantec’s corporate network security business.
What’s unexpected is why Broadcom’s acquisition of Symantec’s corporate cybersecurity business changed hands only a few months ago. Such a quick change may also indicate that the acquisition was a mistake.
Mainly, although Broadcom is a semiconductor industry giant, it has not been involved in the security business before. The acquisition of Symantec is also the first time that Broadcom is engaged in the security business.