Accenture (ACN) Adds SpiderOak to Its Investment Portfolio

Accenture plc ACN shares have gained 8.2% in the past three months, outperforming the 7.2% rally of the industry it belongs to and 6.9% growth of the Zacks S&P 500 composite.

The company recently announced that it has made a strategic investment in cybersecurity company, SpiderOak, through Accenture Ventures, its venture arm. Financial terms have been kept under wraps.

Founded in 2007, SpiderOak is a provider of end-to-end cybersecurity solutions for civil, military, and commercial space operations. The company’s OrbitSecure product suite facilitates zero trust security in zero gravity environments.



Accenture PLC Price

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Accenture PLC price | Accenture PLC Quote


Accenture PLC Price

Accenture PLC Price

Accenture PLC price | Accenture PLC Quote

SpiderOak Joins Project Spotlight

SpiderOak is now a participant in Accenture Ventures’ Project Spotlight, an engagement and investment program aimed at providing emerging technology software startups access to Accenture’s technological and domain expertise across its G2000 client base.

Through the strategic investment, Accenture aims at providing secure communications in space and integrate SpiderOak's technology with its own solutions, pertaining to satellite communications, remote IoT device-to-Satellite data, ground station as-a-service, Space R&D and earth observation data.

Tom Patterson, Quantum and Space Security lead at Accenture, stated, “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."

Accenture currently carries a Zacks Rank #3 (Hold).

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The company has an impressive earning surprise history, beating the Zacks Consensus Estimate in each of the trailing four quarters. The company has an average surprise of 37.3%.

Maximus MMS: MMS also has a VGM Score of A and sports a Zacks Rank of 1.

The company has an impressive earning surprise history, beating the consensus mark in three instances and missing on one occasion, the average surprise being 9.6%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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