Brazilian company is first Accenture Ventures
“Project Spotlight” cybersecurity investment in Latin America
Accenture (NYSE: ACN) has made a strategic investment through
Accenture Ventures, in Tenchi Security, a third-party cyber risk
management company. Accenture will leverage Tenchi’s SaaS platform
as a new component of its managed security services offering to
help organizations reduce cyber risks across their supply
chain.
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Accenture has made a strategic investment
through Accenture Ventures, in Tenchi Security, a third-party cyber
risk management company. (Photo: Business Wire)
Based in São Paulo, Brazil, Tenchi Security’s SaaS platform
gives organizations better visibility into their supply chains
risks by continuously monitoring relationships with suppliers.
Unlike other enterprise cyber risk management providers in the
market, Tenchi’s approach provides a holistic view of an
organization’s cyber risk profile through a comprehensive risk
assessment.
Recent cyberattacks have exposed how greater interconnectivity,
network access and ecosystem vulnerabilities can affect even the
most secure businesses. In fact, Accenture’s Cyber-Resilient CEO
research found that around half (51%) of CEOs ranked supply chain
as the second highest external risk, underscoring the
vulnerabilities of global organizations across their value
chains.
“Supply chain security attacks are happening all too often when
security is not embedded at the core of the business and across
suppliers,” said Paolo Dal Cin, global lead of Accenture Security.
“This is particularly concerning when more than half of executives
say their organizations have an insufficient understanding of cyber
vulnerabilities in their supply chain. To address this issue,
Tenchi and Accenture will offer organizations a complete supply
chain risk management security solution that will allow them to
identify cyber risks faster and assist in addressing cyber
threats.”
Felipe Boucas, CEO of Tenchi, said, “While there is a growing
awareness of the need to manage cybersecurity risks across a
company’s supply chain, there is a lack of verified, integrated and
continuous data and effective remediation. With Accenture’s deep
experience in managed security services, we will help organizations
build trust between their business, suppliers, and partners, while
offering ways to improve upon their cybersecurity and the cyber
hygiene of the ecosystem as a whole.”
Tenchi Security 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 Global 2000 organizations. In
addition to making capital investments in emerging startups,
Accenture Ventures’ 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.
Accenture ranked No. 1 in managed security services (MSS) market
share by revenue in the Gartner® Market Share: Managed Security
Services, Worldwide, 2022 report, 18 April 2023 *. Accenture was
recognized as the highest Leader in Everest Group’s Cloud Security
Services PEAK Matrix® Assessment 2023.
Terms of the investment were not disclosed.
*Gartner, Market Share: Managed Security Services, Worldwide,
2022, April 2023. GARTNER is a registered trademark and service
mark of Gartner, Inc. and/or its affiliates in the U.S. and
internationally and is used herein with permission. All rights
reserved. Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner’s research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
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
approximately 743,000 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 and leadership in cloud, data and AI 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
Song. These capabilities, together with our culture of shared
success and commitment to creating 360° value, enable us to help
our clients reinvent 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
20,000 highly skilled professionals, we enable clients to innovate
safely, build cyber resilience and grow with confidence. Visit us
at accenture.com/security.
About Tenchi Security Tenchi Security is a Brazilian
information security startup founded in October 2019. The company
has developed a monitoring solution called Zanshin, which can, in a
matter of minutes, determine and provide a comprehensive security
status regarding a company’s cloud environment and its ecosystem.
Tenchi’s clients include leading financial, health,
telecommunication, and insurance institutions. For more
information, visit us at tenchisecurity.com.
Copyright © 2024 Accenture. All rights reserved. Accenture and
its logo are registered trademarks of Accenture
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version on businesswire.com: https://www.businesswire.com/news/home/20240131130594/en/
Denise Berard Accenture +1 617 488 3611
denise.berard@accenture.com
Fernando de Moraes Silva Accenture +55 11 974 497 843
fernando.de.m.silva@accenture.com
Accenture (NYSE:ACN)
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