Accenture acquires security firm specializing in securing connected devices

Multinational professional services firm Accenture has announced the acquisition of a Seattle-based security firm specializing in the design and testing of enterprise software platforms and internet of things (IoT) technologies.

A media release on its website disclosed that acquiring Deja vu Security is part of Accenture’s plan to boost its Security’s Cyber Defense offerings.

The financial terms of the agreement were not disclosed.

Founded in 2011, Deja vu Security provides a full range of security services designed to strengthen business applications and is expected to bring to Accenture “a deep expertise in the techniques, tools and methods for securing connected devices and IoT networks.”

Kelly Bissell, senior managing director of Accenture Security, said Deja vu Security’s team of innovative specialists brings considerable technical cybersecurity skills to the company.

“For technology companies, third-party suppliers and consumers alike, IoT security controls often remain an afterthought — which is why it’s critical that security is built in from the start for any new products, processes or services,” he said.

Recent Accenture research found that companies globally could incur $$5.2 trillion in additional costs and lost revenue over the next five years due to cyberattacks, as dependence on complex internet-enabled business models outpaces the ability to introduce adequate safeguards that protect critical assets.