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Deloitte today announced that it has acquired two companies, Sentek Global and TransientX, in an effort to enhance its secure networking and electronic processing product offerings. Deloitte said the deals, the terms of which were not disclosed, will add Sentek and TransientX employees and the company’s technology to Deloitte’s existing offerings, services and solutions.
Cyber threats to all organizations, particularly US federal agencies, continue to proliferate. In 2018, federal agencies reported 13,107 cybersecurity incidents, and the following year, the US government accounted for 5.6% of data breaches and 2.1% of all disclosed records. At the same time, organizations are modernizing their environments to handle evolving business models and IT ecosystems. They typically move from ocean centric models to an approach based on risk and mistrust that enforces the concept of least privilege.
Deloitte’s purchase of Sentek came in response to this first trend – the increasing government cyberattacks. Sentek, a systems engineering and cybersecurity firm headquartered in San Diego, California, serves the US Navy and the US Department of Defense, providing cybersecurity, program management, and integrated logistics services to undisclosed clients in the “Defense, Security, and Justice” areas.
Mike Canning, president of the US government and public services industry and director of Deloitte, says the acquisition will expand Deloitte’s presence in San Diego while supporting its “mission-focused” offerings to military branches and federal agencies.
Eric Basso, CEO and founder of Sentek, added in a press release: “Sentek Global and Deloitte share many common values, not the least of which is providing high-quality services and solutions to agencies serving our country. We join Deloitte to help our government clients solve complex systems engineering challenges. and cybersecurity while accelerating the expansion of our services to defense, security and justice sector organizations.”
Sequel to the Sentek deal, Deloitte’s acquisition of TransientX aims to expand the consultancy into a trustless security market expected to be worth $59.43 billion by 2028. Notably, this is Deloitte’s fourth online acquisition in 2021, and was preceded by Root9B’s acquisitions, CloudQuest. Terbium Labs, the risk protection company.
“The transformation of zero trust is no easy feat. We built TransientX to help organizations adopt trustless network access in a way that is flexible, friction-free, and scalable across a variety of use cases. By joining forces with Deloitte, we will be able to deliver our new approach to [zero trust] TransientX founder and CEO Egemen Tas said in a statement: “In a way that improves security for remote working and vendor collaboration.”
Headquartered in Hoboken, New Jersey, TransientX offers a product that connects local applications on devices to its servers, using isolated overlay networks designed for individual users. Devices, whether managed or unmanaged, are never relied upon or given direct access to corporate networks. Moreover, micro-access control policies, application usage visibility, and micro-containers isolate trusted applications and provide connectivity independent of the physical network infrastructure.
“Our cyber practice acquisition strategy is squarely focused on over-expanding our services and offering our solutions, as well as changing the way we help Our clients build cyber resilience, enable agile operations, and foster more resilient security practices.Acquiring TransientX business will help Deloitte truly differentiate how it brings to market through consolidation [new] capabilities in a wide range of products and services. “
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