Yahoo Finance Accenture (ACN) Adds SpiderOak to Its Investment Portfolio
Accenture plc ACN shares have gained 8.2% in the past three months, outperforming the 7.2% rally of the industry it belongs to and 6.9% growth of the Zacks S&P 500 composite.
The company recently announced that it has made a strategic investment in cybersecurity company, SpiderOak, through Accenture Ventures, its venture arm. Financial terms have been kept under wraps.
Founded in 2007, SpiderOak is a provider of end-to-end cybersecurity solutions for civil, military, and commercial space operations. The company’s OrbitSecure product suite facilitates zero trust security in zero gravity environments.
Accenture PLC Price
Accenture PLC price | Accenture PLC Quote
Accenture PLC Price
Accenture PLC price | Accenture PLC Quote
SpiderOak Joins Project Spotlight
SpiderOak is now a participant in Accenture Ventures’ Project Spotlight, an engagement and investment program aimed at providing emerging technology software startups access to Accenture’s technological and domain expertise across its G2000 client base.
Through the strategic investment, Accenture aims at providing secure communications in space and integrate SpiderOak's technology with its own solutions, pertaining to satellite communications, remote IoT device-to-Satellite data, ground station as-a-service, Space R&D and earth observation data.
Tom Patterson, Quantum and Space Security lead at Accenture, stated, “Cybersecurity cannot be an add on, option, or silo in space. To protect and enable our future, we must give cybersecurity the same priority in space as it has now throughout critical infrastructure on the ground."
Accenture currently carries a Zacks Rank #3 (Hold).
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