Arlington, VA; Dec. 2, 2016 – In a move designed to extend its advanced cyber defense and response service capabilities in support of the U.S. federal government, Accenture (NYSE: ACN) has completed its acquisition of Defense Point Security LLC (DPS). DPS is now a wholly owned subsidiary of Accenture Federal Services (AFS). Terms of the transaction are not being disclosed.
The transaction, first announced Oct. 5, further deepens Accenture’s existing cybersecurity capabilities by adding a suite of cutting-edge cybersecurity services to help federal agencies maximize their cyber defense strategies, including advanced Security Operations Center expertise, cyber operations, security engineering and cyber analytics.
“The combination of highly skilled cybersecurity professionals from DPS with AFS’s powerful client insights and application and data-centric security capabilities allows us to offer our federal clients a bold set of sophisticated and targeted capabilities that can build resilience from the inside out and help protect their most valuable information,” said David Moskovitz, AFS chief executive.
This acquisition further propels Accenture’s strategy to be a leading provider of end-to-end, federal enterprise security services, delivering critical security solutions, including cyber defense and incident response, complex security integration and advanced cyber analytics to reinforce federal clients’ operational security.
“We are very excited to join forces with AFS to develop powerful and effective cyber solutions for our federal clients,” said George McKenzie, chief executive officer, Defense Point Security.
Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company with offices in Arlington, Virginia. Accenture’s federal business has served every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations.
Based in Alexandria, VA, DPS provides cybersecurity services and solutions for government and commercial customers. Harnessing innovative proprietary tools, an advanced Analysis Lab, and an innovative workforce of hybrid security professionals, DPS leverages decades of training and experience to enable effective and efficient use of customers’ IT budgets and resources. DPS provides cybersecurity services that include: Security Engineering & Architecture, Cyber Operations, Managed Security Services, Information Assurance, Cybersecurity Education & Training.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 384,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for the company; the company’s results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; the company’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions, including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the changing technological environment could materially affect the company’s results of operations; if the company is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the markets in which the company competes are highly competitive, and the company might not be able to compete effectively; the company could have liability or the company’s reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; the company’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; changes in the company’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; the company’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company’s business could be materially adversely affected if the company incurs legal liability; the company’s work with government clients exposes the company to additional risks inherent in the government contracting environment; the company might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to the company’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of the company’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; the company’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
Defense Point Security NAMED AS 2016 FINALIST FOR SECAF’S Government Contractor of the Year ($12 to $25 million in revenue)
Defense Point Security Celebrated for its Success in the Government Contracting Industry
April 4, 2016, McLean, VA – Defense Point Security today announced that it was selected as a finalist for the 8 th Annual Small and Emerging Contractors Advisory Forum (SECAF) Awards. Winners will be announced at the SECAF Awards Gala on Thursday, May 12, 2016 at the Hilton McLean in Tysons Corner. The commemorative event honors small and emerging government contractors and the players in the industry that rely on small business.
2016 finalists are named in the following categories:
Defense Point Security is a finalist for SECAF’s Government Contractor of the year in the $12 to $25 million in revenue category.
“The SECAF Awards Gala is the preeminent annual event that spotlights companies that are doing outstanding and innovating work in the government contracting community,” said Cameron Hamilton, Chairman of SECAF and Principal at The McLean Group. “Defense Point Security represents a prime example of the leadership, strategy, and success that is central to the vitality of the small and emerging government contractor ecosystem. We wish the best of luck to all SECAF finalists.”
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About The 8 th Annual SECAF Awards Gala
The 8 th Annual SECAF Awards Gala is the premier commemorative event honoring the small and emerging government contractors and the players in the ecosystem that rely on small business. The event, expected to sell out at 500 attendees, will be held Thursday, May 12, 2016, from 6:00pm to 9:00pm at the Hilton McLean in Tysons Corner. Tickets and tables can be purchased at: www.secaf.org.
About The Small and Emerging Contractors Advisory Forum
The Small and Emerging Contractors Advisory Forum (SECAF) enables the small and emerging government contractor to achieve maximum growth rates in a highly competitive marketplace. Providing members with business resources, access to influencers and government agencies, and advocacy opportunities and education, SECAF is an important resource for a growing company. SECAF also serves the medium to large government contractors, providing invaluable introductions to specialized small businesses that enable the overall contracting community to work successfully in tandem. For more information, visit www.secaf.org.
Alexandria, VA – August 18, 2016 Defense Point Security, LLC (DPS) has been named for the third consecutive year on the Inc. 5000 list. DPS has had remarkable success, growing a notable 323 percent over the last three years. For 2016 DPS ranks number 1169 on the list. In 2015, DPS was number 1291, and in 2014 was number 745. Created by INC Magazine, the annual list ranks the country’s top fastest-growing private companies. DPS has been recognized as one of the World’s Hottest Cybersecurity Companies to watch in 2016 by Cybersecurity Ventures, listed in Washington Business Journal’s 50 Fastest-Growing Companies, Washingtonian’s 50 Best Places to Work, three-time top placeholder on Virginia Business Best Places to Work, a SmartCEO GovStar awardee, and GovCon Contractor of the Year 2015 finalist.
For more information: http://www.inc.com/profile/defense-point-security
Alexandria, VA – July 13, 2016 Defense Point Security, LLC (DPS) has been awarded Navy’s SeaPort Enhanced (Seaport-E) as a prime contractor. This multiple, indefinite delivery/indefinite quantity (IDIQ) contract vehicle permits DPS to provide cyber security services to Naval Sea Systems Command, Naval Air Systems Command, Space and Naval Warfare Systems Command, Naval Supply Systems Command, Military Sealift Command, Naval Facilities Engineering Command, Strategic Systems Programs, and the United States Marine Corps. DPS and their subcontractors Graham Technologies, LLC and Engineering Services Network, Inc. will be able to compete for task orders released in 4 of the 7 geographical zones; Northeast, National Capital, Mid Atlantic, and Southwest worth up to $3.96 billion per year.
“This is a pivotal win for DPS which will allow us to bring our innovative advanced cyber security solutions directly to the Department of Navy and other Defense Agencies” said CEO George McKenzie. “We are really excited for the opportunity and thank our partners for their help and support on this pursuit.”
Defense Point Security, LLC (DPS) is again being recognized as a leader in the business community - this time by the Washington Post, naming the cyber security provider on its annual selection of best places to work in the Washington area in 2016. The award is chosen by employees who evaluate their companies on a number of factors including quality of leadership, pay and benefit practices, and work-life balance issues.
The distinction reflects the pride DPS takes in maintaining a community of talented professionals who believe it’s a great place to work. It falls on the heels of another DPS honor, top spot in “Best Places to Work” by Virginia Business three years in a row: 2014 and 2015 in small business category (0-99 U.S. employees) and 2016 in mid-size category (100-249 U.S. employees). It was also listed as one of the 50 Best Places to Work in The Washingtonian.
"DPS is honored to be recognized by the Washington Post as a 2016 Top Workplace. Being recognized as one of the Top Workplaces is extremely important to us and further enforces that our focus on providing an environment in which cyber security professionals can thrive and be part of a Community is working. This award lets us know we are on the right path and we will continue to strive to make our Community prosper." -- George McKenzie, CEO
Based in Alexandria, VA, DPS is a certified small business and leading provider of cyber security services and solutions for government and commercial customers. Harnessing innovative proprietary tools, advanced Analysis Lab, and an innovative workforce of hybrid security professionals, DPS leverages decades of training and experience to enable the most effective and efficient use of customers’ IT budgets and resources. DPS helps reduce risk and ensure compliance with cyber security services that include: Security Engineering & Architecture, Cyber Offense & Defense, Information Assurance, Cyber Security Education & Training.
DPS has had remarkable success, growing a notable 323 percent over the last three years. DPS was ranked No. 1,291 on the 2015 Inc. 5000 list of fastest-growing private companies in the U.S., recognized as one of the World’s Hottest Cybersecurity Companies to watch in 2016 by Cybersecurity Ventures, listed in Washington Business Journal’s 50 Fastest-Growing Companies, Washingtonian’s 50 Best Places to Work, a SmartCEO GovStar awardee, and GovCon Contractor of the Year 2015 finalist. For more information, visit www.defpoint.com.
About Washington Post’s Top Workplace
Washington Post has recognized 150 Companies and Organizations in Washington, D.C as Top Workplaces 2016. This recognition is based solely on surveys about the workplace completed by their employees. The Top Workplaces program was set-up to recognize companies that have a great workplace. Learn more at: http://www.topworkplaces.com/frontend.php/regional-list/about/washington