Accenture invests in cloud data security startup Symmetry Systems
Accenture has, via its venture capital division, made a strategic investment in Symmetry Systems, a San Francisco-based provider of data store and object-level security (DSOS) solutions. Terms of the investment were not disclosed.
Symmetry was born out of UT Austin’s Spark Research Lab, which focuses on building secure systems through novel architectures. The firm’s DSOS solution enables security teams in finance, healthcare, and government to better protect, understand, and control their data stores and applications.
Symmetry’s flagship solution, DataGuard, provides granular visibility across data stores and integrates into modern security analytics platforms. It also provides auditing and compliance reports, security alerts for suspicious activity, and identity and access management (IDAM) and security policies.
“Data no longer resides in physical data centers, as more and more organizations have moved their workloads and applications to the cloud,” said Rex Thexton, who leads Accenture Security’s applied cybersecurity services globally. “Our strategic investment in Symmetry Systems will enhance Accenture’s ability to provide clients with a better way to see who is accessing what in their secure cloud environment.”
Symmetry will join Accenture’s Project Spotlight program, which enables startups to co-innovate with Accenture talent and major companies to more effectively scale and market their solutions.
“Project Spotlight addresses the most challenging part of creating real market solutions—offering startups a nuanced understanding of real business problems and industry domains,” Accenture’s website states.
Accenture’s investment in Symmetry addresses the intersection of two of the highest-demand consulting areas since the onset of the pandemic: cloud transformation and cybersecurity. It also aligns with Accenture’s routing of massive resources to its “Cloud First” division.
Mohit Tiwari, CEO and co-founder of Symmetry Systems, said, “Today’s large organizations are custodians of millions of users’ most valued data, and our first priority is to help protect that at its source, giving organizations more granular control. Accenture’s investment will enable us to bring the best of our combined skills and capabilities to help clients keep their environments secure.”
Accenture’s other recent investments in cybersecurity and intelligence include Prevailion, Quantexa, Team 8, Endgame, and Claroty.
Based in Dublin, Accenture has 537,000 global professionals who deliver a full suite of management and technology consulting services.
