Accenture Acquires Morphus, Brazil-Based Cybersecurity Company

PRESS RELEASE

FORTALEZA, Brazil and NEW YORK; Feb. 13, 2023 – Accenture (NYSE: ACN) has acquired Morphus, a privately held Brazil-based cyber defense, risk management and cyber threat intelligence services provider, expanding its practice capabilities in Brazil and Latin America. Financial terms were not disclosed.

Founded in 2003, Morphus is headquartered in Fortaleza, which is in the Ceará region in northeastern Brazil, with offices in Recife, São Paulo, Rio de Janeiro and Santiago, Chile. Morphus’s end-to-end portfolio includes red and blue team services; governance, risk and compliance services; enterprise risk management; cyber strategy; threat intelligence; and managed security services (MSS). 

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. 

“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.”

The acquisition expands Accenture’s portfolio and marks the launch of a Cyber Industry practice in Latin America led by seasoned former CISOs from Morphus. The new offerings also expand Accenture’s position in Growth Markets in Morphus’s primary industry groups: communications media and technology, financial services, energy, retail and aviation.

Rawlison Brito, CEO of Morphus, said: “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. 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.”

With a strong footprint in Brazil and Chile, the acquisition brings to Accenture Morphus Labs, a research facility in Fortaleza dedicated to cybersecurity studies, vulnerability and threat analysis and MSS. This will add a new Cyber Fusion Center in Fortaleza to Accenture’s existing global network, which includes Morphus’s cybersecurity R&D capabilities.

Andre Fleury, Accenture Security lead for Latin America, said: “The cybersecurity team at Morphus will accelerate the growth of our Cyber Industry practice in the region, nearly doubling our security footprint in Brazil. 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.”

Last year, Accenture was recognized as a leader in strategic security services and MSS in Brazil by ISG.

Since 2015, Accenture Security has made 16 acquisitions. Following its January 2020 acquisition of Symantec’s Cyber Security Services business, Accenture became one of the leading global providers of MSS. Accenture further strengthened its cyber defense and MSS capabilities through the acquisition of Brazil-based Real Protect, and European cyber companies Sentor and Openminded in 2021.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. 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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 738,000 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 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 Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed 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 advanced cyber defense, applied cybersecurity solutions and managed security operations. We bring security innovation, coupled with global scale and a worldwide delivery capability through our network of Advanced Technology and Intelligent Operations centers. Helped by our team of highly skilled professionals, we enable clients to innovate safely, build cyber resilience and grow with confidence. Follow us @AccentureSecure on Twitter, LinkedIn or visit us at accenture.com/security.