Accenture [ACN] entered into an agreement to acquire the Australian-based Redcore, a consulting company that focuses on several IT security issues, Accenture said Monday.
Redcore was founded in 2010 and provides identity and access management services (IAM) as well as security services for cloud, network management, public key infrastructure, cyber defense, applications, and the internet of things (IoT). Its clients are in the government, finance, health, retail, and communications industries. Redcore has about 130 employees.
Redcore earlier deployed large-scale cybersecurity solutions in use by major Australian banks and government agencies, including multi-factor authentication and secure application gateways, Accenture said.
“The acquisition of Redcore will allow us to expand our existing IAM services and security-as-a-Service capabilities – along with other critical cyber defense services – while also immediately extending our leadership position in the Asia-Pacific region,” Kelly Bissell, managing director of Accenture Security, said in a statement,
“Together, we will be better positioned to tailor intelligent security services to organizations’ unique businesses and industries and deliver innovative solutions that help build business resilience from the inside out,” she added.
“We are excited to become part of Accenture Security and to bring our proven deep, highly-specialized skills and services to strengthen Accenture’s IAM and other cybersecurity offerings. We are very proud of Redcore’s wonderful team and our achievements, and we now look forward to creating an unrivalled combined cybersecurity team and launching capabilities that will change the market,” Joseph Failla, co-founder of Redcore, said in a statement.