Accenture plc (NYSE: CAN) purchased cybersecurity company Maglan. The acquisition will give Accenture the opportunity to leverage Israel's defense technology hub in order to expand the company's presence in the sector. Maglan's team has significant experience dealing with cyber crime and esponiage.
Maglan provides services related to offensive cyber simulation, vulnerability countermeasures, cyber forensics, malware defenses and threat intelligence. The target is based in Tel Aviv and was founded in 1998. As part of the acquisition, Accenture will set up a cyber fusion center in Israel which which will provide clients with cybersecurity research and consulting services. Accenture has similar centers in Bangalore, India, Manila, Philippines and Prague.