Accenture Invests in Tenchi Security to Help Organizations Manage Supply Chain Security Risks

Rhea-AI Summary

Accenture (NYSE: ACN) has made a strategic investment in a Brazilian company as part of its Accenture Ventures 'Project Spotlight' cybersecurity initiative, marking the first such investment in Latin America. The investment aims to enhance Accenture's cybersecurity capabilities and expand its presence in the region. This move reflects Accenture's commitment to fostering innovation and driving growth in the cybersecurity sector.

Positive

• Strategic investment in a Brazilian company as part of Accenture Ventures 'Project Spotlight'
• First cybersecurity investment in Latin America for Accenture
• Enhancing cybersecurity capabilities and expanding presence in the region
• Reflects commitment to fostering innovation and driving growth in the cybersecurity sector

Negative

• None.

Brazilian company is first Accenture Ventures “Project Spotlight” cybersecurity investment in Latin America

NEW YORK & SÃO PAULO--(BUSINESS WIRE)-- Accenture (NYSE: ACN) has made a strategic investment through Accenture Ventures, in Tenchi Security, a third-party cyber risk management company. Accenture will leverage Tenchi’s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber risks across their supply chain.

Accenture has made a strategic investment through Accenture Ventures, in Tenchi Security, a third-party cyber risk management company. (Photo: Business Wire)

Based in São Paulo, Brazil, Tenchi Security’s SaaS platform gives organizations better visibility into their supply chains risks by continuously monitoring relationships with suppliers. Unlike other enterprise cyber risk management providers in the market, Tenchi’s approach provides a holistic view of an organization’s cyber risk profile through a comprehensive risk assessment.

Recent cyberattacks have exposed how greater interconnectivity, network access and ecosystem vulnerabilities can affect even the most secure businesses. In fact, Accenture’s Cyber-Resilient CEO research found that around half (51%) of CEOs ranked supply chain as the second highest external risk, underscoring the vulnerabilities of global organizations across their value chains.

“Supply chain security attacks are happening all too often when security is not embedded at the core of the business and across suppliers,” said Paolo Dal Cin, global lead of Accenture Security. “This is particularly concerning when more than half of executives say their organizations have an insufficient understanding of cyber vulnerabilities in their supply chain. To address this issue, Tenchi and Accenture will offer organizations a complete supply chain risk management security solution that will allow them to identify cyber risks faster and assist in addressing cyber threats.”

Felipe Boucas, CEO of Tenchi, said, “While there is a growing awareness of the need to manage cybersecurity risks across a company’s supply chain, there is a lack of verified, integrated and continuous data and effective remediation. With Accenture’s deep experience in managed security services, we will help organizations build trust between their business, suppliers, and partners, while offering ways to improve upon their cybersecurity and the cyber hygiene of the ecosystem as a whole.”

Tenchi Security is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program that targets emerging technology companies that can help fill strategic innovation gaps for Global 2000 organizations. In addition to making capital investments in emerging startups, Accenture Ventures’ Project Spotlight offers unprecedented access to Accenture’s technology domain expertise and its enterprise clients. Technology companies co-innovate with Accenture at its Innovation Hubs, Labs, and Liquid Studios, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively.

Accenture ranked No. 1 in managed security services (MSS) market share by revenue in the Gartner® Market Share: Managed Security Services, Worldwide, 2022 report, 18 April 2023 *. Accenture was recognized as the highest Leader in Everest Group’s Cloud Security Services PEAK Matrix® Assessment 2023.

Terms of the investment were not disclosed.

*Gartner, Market Share: Managed Security Services, Worldwide, 2022, April 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 743,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

Accenture Security is a leading provider of end-to-end cybersecurity services, including strategy, protection, resilience and industry-specific cyber services. We bring security innovation, coupled with global scale and a worldwide delivery capability through our network of Cyber Fusion Centers. Helped by our team of 20,000 highly skilled professionals, we enable clients to innovate safely, build cyber resilience and grow with confidence. Visit us at accenture.com/security.

About Tenchi Security
Tenchi Security is a Brazilian information security startup founded in October 2019. The company has developed a monitoring solution called Zanshin, which can, in a matter of minutes, determine and provide a comprehensive security status regarding a company’s cloud environment and its ecosystem. Tenchi’s clients include leading financial, health, telecommunication, and insurance institutions. For more information, visit us at tenchisecurity.com.

Copyright © 2024 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture

View source version on businesswire.com: https://www.businesswire.com/news/home/20240131130594/en/

Denise Berard

Accenture

+1 617 488 3611

denise.berard@accenture.com

Fernando de Moraes Silva

Accenture

+55 11 974 497 843

fernando.de.m.silva@accenture.com

Source: Accenture

FAQ

What is the ticker symbol for Accenture?

The ticker symbol for Accenture is 'ACN'.

What is the purpose of Accenture's investment in the Brazilian company?

The purpose of Accenture's investment is to enhance its cybersecurity capabilities and expand its presence in Latin America as part of the Accenture Ventures 'Project Spotlight' initiative.

What is the significance of this investment for Accenture?

This investment marks the first cybersecurity investment in Latin America for Accenture and demonstrates its commitment to fostering innovation and driving growth in the cybersecurity sector.

What is the focus of Accenture's 'Project Spotlight' initiative?

Accenture's 'Project Spotlight' initiative focuses on strategic investments in innovative cybersecurity solutions and technologies.

How does this investment align with Accenture's business strategy?

This investment aligns with Accenture's strategy to strengthen its cybersecurity capabilities and expand its market presence in Latin America.

What is the impact of this investment on Accenture's stock performance?

The impact of this investment on Accenture's stock performance will depend on the success of the cybersecurity initiative and the company's ability to leverage the investment for growth.

What are the potential benefits for shareholders from this investment?

The potential benefits for shareholders include the expansion of Accenture's cybersecurity capabilities and the potential for growth in the Latin American market.

How does this investment contribute to Accenture's global cybersecurity position?

This investment contributes to Accenture's global cybersecurity position by strengthening its capabilities and expertise in the Latin American market.

What are the long-term implications of this investment for Accenture?

The long-term implications include the potential for sustained growth in the cybersecurity sector and the establishment of Accenture as a key player in Latin American cybersecurity.

What are the risks associated with Accenture's investment in the Brazilian company?

The risks may include challenges in integrating the acquired capabilities, market competition, and potential regulatory or geopolitical uncertainties in Latin America.

How does this investment align with Accenture's commitment to innovation?

This investment aligns with Accenture's commitment to innovation by supporting the development and adoption of cutting-edge cybersecurity solutions in Latin America.

What are the expected outcomes of this investment for Accenture?

The expected outcomes include the enhancement of Accenture's cybersecurity capabilities, the expansion of its market presence in Latin America, and the potential for long-term growth in the cybersecurity sector.

What are the key factors driving Accenture's decision to invest in the Brazilian company?

The key factors include the strategic importance of Latin America, the growth opportunities in the cybersecurity sector, and the potential for creating value through innovative solutions.

How does this investment contribute to Accenture's overall business objectives?

This investment contributes to Accenture's overall business objectives by strengthening its cybersecurity capabilities and positioning the company for growth in Latin America.

What are the implications of this investment for the cybersecurity landscape in Latin America?

The implications include the potential for increased innovation, collaboration, and the development of advanced cybersecurity solutions in the region.

How does this investment reflect Accenture's global expansion strategy?

This investment reflects Accenture's global expansion strategy by targeting strategic investments in key regions, such as Latin America, to drive growth and innovation.

What are the key areas of collaboration between Accenture and the Brazilian company?

The key areas of collaboration may include the exchange of cybersecurity expertise, technology transfer, and joint development of innovative solutions for the Latin American market.

What are the potential challenges for Accenture in implementing this investment?

The potential challenges may involve cultural differences, operational integration, and the effective utilization of acquired resources and capabilities.

How does this investment align with Accenture's approach to corporate social responsibility?

This investment aligns with Accenture's approach to corporate social responsibility by promoting the development of cybersecurity capabilities and fostering economic growth in Latin America.

What are the expected outcomes for the Brazilian company as a result of Accenture's investment?

The expected outcomes include access to Accenture's global network, expertise, and resources, as well as the potential for accelerated business growth and market expansion.

How does this investment contribute to the overall cybersecurity ecosystem in Latin America?

This investment contributes to the overall cybersecurity ecosystem in Latin America by bringing advanced capabilities, expertise, and collaboration opportunities to the region.

What are the potential risks for the Brazilian company associated with Accenture's investment?

The potential risks may include dependency on Accenture, market competition, and the need to align with Accenture's strategic direction and cybersecurity priorities.

What are the key factors driving the Brazilian company's decision to partner with Accenture?

The key factors include access to global expertise, resources, and market opportunities, as well as the potential for accelerated business growth and innovation.

How does this investment align with the Brazilian company's long-term business strategy?

This investment aligns with the Brazilian company's long-term business strategy by leveraging Accenture's capabilities and global network for sustained growth and market expansion.

What are the potential challenges for the Brazilian company in collaborating with Accenture?

The potential challenges may involve organizational alignment, knowledge transfer, and the effective utilization of Accenture's resources and expertise.

How does this investment contribute to the development of cybersecurity talent in Latin America?

This investment contributes to the development of cybersecurity talent in Latin America by providing access to advanced expertise, training, and collaboration opportunities with Accenture.

What are the implications of this investment for the Brazilian company's position in the cybersecurity market?

The implications include the potential for enhanced competitiveness, innovation, and market leadership in Latin America's cybersecurity sector.

How does this investment align with the Brazilian company's commitment to innovation?

This investment aligns with the Brazilian company's commitment to innovation by leveraging Accenture's global network and expertise to drive the development and adoption of cutting-edge cybersecurity solutions.

What are the expected outcomes of this investment for the cybersecurity landscape in Latin America?

The expected outcomes include increased innovation, collaboration, and the development of advanced cybersecurity solutions to address the evolving threats and challenges in the region.