Accenture Ventures, the venture capital arm of global IT consulting firm Accenture, has invested in cyber intelligence company Prevailion.
In a prepared statement about the Prevailion investment, Josh Ray, who leads Accenture Security’s cyber defense practice globally, said:
“Prevailion’s innovative approach in exposing emerging adversaries, especially when paired with our best-in-class cyber intelligence team, will enable our clients to face the next generation of threats with confidence. Prevailion’s multi-industry reach will enhance our cyber insurance services, including those geared toward mergers and acquisitions, and enable our team to proactively detect and mitigate threats targeting our clients.”
Added Karim Hijazi, Prevailion’s founder and CEO:
“This investment from Accenture is exciting and supports our mission to deliver tailored intelligence that empowers risk-based decisions on a global scale. Accenture’s reputation and top-tier client base will enable us to make a greater impact on securing the corporate world from devastating cyberattacks.”
The investment comes after Accenture in April 2021 acquired Openminded, an MSSP and cybersecurity services consulting company.
What Is Prevailion?
Prevailion offers the Apex platform, which provides organizations with insights into new, active and historical attacks across their networks, the company stated. Key features of Apex include:
- Risk View: Uses a color-coded ranking system to highlight cyber risks across an organization
- Telemetry: Provides telemetry of confirmed cyberattacks to support security investigations or incident response
- Watchlists: Allow users to create custom watchlists for any organizations or IP addresses they want to monitor and receive updates any time malicious activity is detected
In addition, Apex provides cyber adversary intelligence, the company noted. It also offers visibility into malware across organizations and their supply chains with detection of threats via adversary counterintelligence.
What Does the Prevailion Investment Mean for Accenture?
Prevailion could help Accenture's cyber investigations and forensic response team address third-party and supply chain attacks, the companies said. This team reported an increase of nearly 200 percent in third-party and supply chain intrusions in 2020.
Furthermore, along with Prevailion, Accenture has invested in other cybersecurity and intelligence companies, including:
Accenture offers cyber defense, applied cybersecurity solutions, managed security operations and other cybersecurity services to global organizations. It also is a Top 250 MSSP that employs nearly 7,000 cybersecurity professionals.
