Accenture invests in, forms alliance with data intelligence company Ripjar

Accenture has invested in and formed a strategic alliance with data intelligence company Ripjar, with the aim of assisting Accenture Security to tackle global security challenges.

UK-based company Ripjar draws on decades of experience in data analytics within the British intelligence community to help drive detailed forensic analysis. It also offers a next-generation strategic intelligence platform called Labyrinth, which helps users to fuse, analyse and orchestrate data.

Predicting and detecting cyberattacks from a massive volume of data has become as difficult as finding a needle in a field of haystacks.

– Kelly Bissell, Senior Managing Director, Accenture Security

“Tackling growing global challenges requires innovative and scalable approaches,” said Tom Griffin, CEO of Ripjar. “Accenture Security’s global reach, deep industry experience and innovation-led approach, combined with Ripjar’s technology, is a real game changer for supporting global organizations in the fight against cybercrime.”

The exact details of Accenture Ventures’ minority investment in Ripjar were not disclosed, but the alliance will give Accenture Security access to the Labyrinth platform.

“With the explosion of connected devices, predicting and detecting cyberattacks from a massive volume of data has become as difficult as finding a needle in a field of haystacks,” said Kelly Bissell, senior managing director of Accenture Security. “Ripjar’s unique intelligent analytics capabilities provide significant insight into complex investigations and deliver greater situational awareness of complex threats. Our minority investment in Ripjar reinforces our commitment to provide clients with innovative solutions to safeguard their systems, networks and people.”

Accenture Security’s global reach, deep industry experience and innovation-led approach, combined with Ripjar’s technology, is a real game changer.

– Tom Griffin, CEO, Ripjar

Accenture (specifically subdivision Accenture Security) has been establishing its foothold in the cybersecurity space more and more strongly in recent years. The past year has seen several new hires, investments and acquisitions in this sector, demonstrating its importance to the company.

“Accenture’s investment in Ripjar formalizes our strategic relationship as we work together to industrialize its technology to embed artificial intelligence, analytics, big data and machine learning into the fabric of our clients’ systems globally,” said Josh Kennedy-White, managing director of Accenture Security. “This toolset will now enable clients to stay on the front foot against financial criminals and cyber adversaries.”

Researcher, writer, recovering medievalist. Currently particularly interested in the cybersecurity solutions market, cyber insurance/risk modelling, and IoT security.

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