Accenture buys Israel’s Maglan, sets up cyber security R&D lab
Tel Aviv-area firm, sold for undisclosed sum, specializes in offensive cyber simulation, cyber forensics, malware defense
Shoshanna Solomon was The Times of Israel's Startups and Business reporter
Accenture, a New York Stock Exchange-traded professional services and consulting company, said it has acquired Maglan, a privately held Israeli cyber security company, in a move to increase its ability to provide clients with cyber defense services using Israeli innovation.
Accenture, which has been active in Israel since 2001, also said it has set up a new research and development lab in Herzliya, focusing on cyber security projects. Both announcements were made at Israel’s 6th Annual International Cybersecurity Conference taking place in Tel Aviv this week.
Maglan specializes in offensive cyber simulation, vulnerability countermeasures, cyber forensics and malware defenses, Accenture said, without disclosing financial terms of the deal.
Based in the Tel Aviv metropolitan area, Maglan was founded in 1998 and has a number of clients in the financial services, telecommunications and automotive industries, Accenture said in a statement.
With the Maglan acquisition, Accenture has now made a total of five investments in the cyber security space in the past several months, the company said. Earlier investments were the acquisition of FusionX, a company with a 20-year cyber defense legacy; the acquisition of Cimation, an affiliate of Audubon Companies and an Industrial Internet of Things consulting company; a minority investment in Endgame Inc., a provider of cybersecurity software solutions; and a minority investment in Team8, a cybersecurity foundry.
The new R&D center in Herzliya is the newest addition to Accenture’s network of technology labs, which includes Silicon Valley, California; Arlington, Virginia; Sophia Antipolis, France; Dublin, Ireland; Beijing, China; and Bangalore, India.
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