Accenture (NYSE: ACN) has made a strategic investment, through
Accenture Ventures, in SpiderOak, a leader in zero-trust
cybersecurity and resiliency solutions for next generation space
systems.
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Accenture has made a strategic
investment, through Accenture Ventures, in SpiderOak, a leader in
zero-trust cybersecurity and resiliency solutions for next
generation space systems. (Graphic: Business Wire)
Based in Reston, Virginia, SpiderOak’s OrbitSecure product suite
brings zero trust security to zero gravity environments.
OrbitSecure leverages a powerful combination of no-knowledge
encryption and distributed-ledger technology in order to meet the
unique demands of cybersecurity in space. The product suite
includes a fully decentralized key management system that helps
enable full availability and continued operations in space, even
within disconnected or highly contested networks. This increases
resiliency for multi-vendor, multi-network, mesh proliferated
low-Earth orbit networks by significantly reducing the attack
surface and opportunities for adversaries to jam, disrupt, modify,
or contest space communications and satellite services.
“As the space economy grows, we anticipate that global demand
for secure communications will soar,” said Paul Thomas, Space
Innovation Lead, Technology Innovation at Accenture. “Our work with
SpiderOak is the start of an exciting journey to enable secure
communications in space and combine SpiderOak’s technology with
solutions we are creating at Accenture, such as satellite
communications, ground station as-a-service, remote IoT
device-to-Satellite data, Space R&D and earth observation
data.”
According to Accenture’s Technology Vision 2023 report, 99% of
survey respondents estimate advancements in science tech will have
an impact on their organizations’ business processes over the next
three to five years. The rapid increase in the number of satellites
in space – government and commercial – has established a need for a
hybrid, multi-party environment built with security by design. As
emerging technologies accelerate science and impact business
transformation, cybersecurity needs to be at the forefront for
enterprises.
“Cybersecurity cannot be an add on, option, or silo in space. To
protect and enable our future, we must give cybersecurity the same
priority in space as it has now throughout critical infrastructure
on the ground,” said Tom Patterson, Quantum and Space Security lead
at Accenture. “Working with SpiderOak, we can help our clients put
zero trust security into zero gravity and take strategic advantage
of these developments to transform their businesses in coming
years, and ultimately the futures of their industries.”
“As organizations look for solutions to innovate at speed with
the rate of growth in space, SpiderOak is well positioned to
empower commercial and government customers with our revolutionary
cybersecurity platform for space communications,” said Dave Pearah,
CEO, SpiderOak. “We believe our participation in Accenture Project
Spotlight, combined with Accenture’s deep experience with leading
companies in the aerospace and defense industry and commitment to
space innovation and security, will help drive increased awareness
and adoption of our secure end-to-end satellite security
offerings.”
SpiderOak is the latest company to join Accenture Ventures’
Project Spotlight, an engagement and investment program that
targets emerging technology companies that can help fill strategic
innovation gaps for the Global 2000. In addition to capital
investments, Accenture Venture’s Project Spotlight offers
unprecedented access to Accenture’s technology domain expertise and
its enterprise clients. Technology companies co-innovate with
Accenture at its Innovation Hubs, Labs and Liquid Studios, working
with subject matter experts to adapt their solutions to the
enterprise market and scale faster and more effectively.
Terms of the investment were not disclosed.
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 strategy, protection, resilience
and industry-specific cyber services. We bring security innovation,
coupled with global scale and a worldwide delivery capability
through our network of Cyber Fusion 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.
About SpiderOak SpiderOak is a 100% U.S.-owned and
operated software company that delivers end-to-end cybersecurity
solutions for civil, military, and commercial space operations. Our
commercially available products are built upon a foundation of
zero-trust encryption and distributed ledger, ensuring the
confidentiality, integrity, and availability of your most sensitive
data in the space domain. For more information about SpiderOak
products, services or business development opportunities, check us
out at spideroak.com.
Copyright © 2023 Accenture. All rights reserved. Accenture and
its logo are registered trademarks of Accenture.
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Denise Berard Accenture +1 617 488 3611
denise.berard@accenture.com
Accenture (NYSE:ACN)
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