Accenture buys Israel’s Maglan, sets up cyber security R&D lab

June 20, 2016

Accenture, a New York Stock Exchange-traded professional services and consulting company, said it has acquired Maglan, a privately held Israeli cyber security company, in a move to increase its ability to provide clients with cyber defense services using Israeli innovation.

Accenture, which has been active in Israel since 2001, also said it has set up a new research and development lab in Herzliya, focusing on cyber security projects. Both announcements were made at Israel’s 6th Annual International Cybersecurity Conference taking place in Tel Aviv this week.

Maglan specializes in offensive cyber simulation, vulnerability countermeasures, cyber forensics and malware defenses, Accenture said, without disclosing financial terms of the deal.

Based in the Tel Aviv metropolitan area, Maglan was founded in 1998 and has a number of clients in the financial services, telecommunications and automotive industries, Accenture said in a statement.

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