The rise in Cyberattacks is forcing IT companies to acquire Cybersecurity companies: Accenture, Forcepoint, OneTrust, and Knowit AB making acquisitions.

Merger and acquisitions involving cybersecurity companies continued rapidly in the last two weeks, with Accenture, Forcepoint, OneTrust, and the Swedish IT consultancy firm Knowit AB all making acquisitions.

  • IT service provider Accenture announced that the company had entered an agreement to acquire the managed security services provider Openminded.
  • Earlier this month, Forcepoint announced the takeover of the browser security company Cyberinc.
  • OneTrust has plans to acquire the third-party risk organization Shared Assessments. 
  • Knowit AB announced its plans to acquire the cybersecurity consulting firm Cybercom.

Accenture will acquire the Paris-based managed security services provider Openminded, and it will be the company’s second cybersecurity deal of the year after purchasing Real Protect in January 2021.

Accenture does not disclose the details of the acquisition. Accenture’s global workforce will have the addition of Openminded’s 100 employees.

Olivier Girard, market unit lead, Accenture France, says that the deal will accelerate its growth in France and scale its cybersecurity capabilities within the market and across Europe.

Forcepoint announced to take over Cyberinc, a browser security firm, to support its efforts to create a comprehensive Secure Access Service Edge offering. 

Manny Rivelo, CEO, Forcepoint, said, “The acquisition of Cyberinc’s Smart Isolation capabilities is the first of many investments Forcepoint will make to enhance user productivity, lower operational burdens and eliminate traditional monolithic products through a best-in-class SASE cloud service.”

After the acquisition, Forcepoint will fold Cyberinc’s intelligent remote browser Smart Isolation technology into its SASE offering. In addition, it plans to form an innovation center in Mumbai centered on Cyberinc’s India-based technical and engineering team.

Atlanta-based privacy and governance firm OneTrust will take over Shared Assessments to boost its third-party risk management portfolio.

Shared Assessments build best practices, education, and tools to drive third-party assurance. It offers the Standardized Information Gathering Questionnaire, which helps determine third-party risk, plus a summit and certifications.

The deal will be closed by May 2021.

Knowit AB, The Swedish system solutions and management consulting firm, has plans to add a cybersecurity segment to its portfolio with the acquisition of the Finnish firm Cybercom. Cybercom offers business consulting services on cybersecurity, compliance and identity, and access management.

These two firms will be brought under the Knowit AB brand after the acquisition and will together have a total headcount of 3600. 

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