With a strong operational presence in Brazil and Chile, Accenture has acquired privately held Brazil-based cyber defense, risk management and cyber threat intelligence services provider, Morphus to expand its operational presence in Latin America, according to a press release. The financial terms of the deal were not disclosed.
“The cybersecurity team at Morphus will accelerate the growth of our cyber industry practice in the region, nearly doubling our security footprint in Brazil,” Andre Fleury, Accenture Security lead for Latin America, said. “The acquisition complements our global security practice and will enable us to help our clients embed security by design and enhance the offerings we provide across a wide variety of industries in Latin America.”
Established in 2003, Morpheus, based in Fortaleza in Northeastern Brazil, has expanded into other areas of Brazil, such as Recipe, São Paulo and Rio de Janeiro, as well as Santiago, Chile.
“According to Accenture’s recent cyber threat intelligence research, Brazil is one of the top victims of infostealer malware – a malicious software designed to steal victim information such as passwords,” a recent press release states.
Morphus offers governance, risk and compliance, enterprise risk management, cyber strategy, threat intelligence and managed security services.
“We believe that security and science go hand-in-hand. With Accenture, we can continue our cyber threat research and expand our advanced studies of cybersecurity by collaborating with security research experts on a global scale,” Rawlison Brito, CEO of Morphus, said. “We are excited to join Accenture to offer our thought leadership and better serve our clients by providing market-leading services and stronger cyber defense protection in Latin America.”
The acquisition will leverage Accenture’s current local portfolio and expand a Latin America-based cyber industry practice overseen by former veteran CISOs from Morphus. The new offerings range from communications media to technology, financial services, energy, retail and aviation.
“Together with the capabilities and experienced leadership of Morphus, we will work as one team to help organizations build a cyber resilient business and better secure their digital core, their technology and supply chains,” said Paolo Dal Cin, who leads Accenture Security globally. “The acquisition brings more than 230 highly skilled professionals, making Accenture one of the largest cybersecurity professional services providers in Brazil. Our clients are always looking for the best solutions to strengthen their cyber defenses, and the addition of Morphus expands our global research workforce and network of talented, innovative security professionals.”