Accenture, the leading management consulting firm, has inked a deal with data intelligence company Ripjar. The company said that it has made a minority investment in Ripjar through Accenture Ventures.
Based in United Kingdom, Ripjar builds software products that integrates automation, artificial intelligence (AI), and data visualization. Through its Labyrinth solution, Ripjar enables augmented analysis that can tackle complex and new threats like cybercrime, money laundering and terrorism.
The Labyrinth is a strategic intelligence platform that comes with a broad set of integrated tools and data visualizations to drive comprehensive forensic analysis. It helps enterprises to effectively understand and process insights from structured and unstructured data sources using AI.
With the strategic alliance formed with Ripjar, Accenture will leverage the Ripjar Labyrinth to improve client solutions in financial crime, public safety, and prevent and detect the cyberattacks.
“With the explosion of connected devices, predicting and detecting cyberattacks from a massive volume of data has become as difficult as finding a needle in a field of haystacks,” said Kelly Bissell, senior managing director of Accenture Security.
“Ripjar’s unique intelligent analytics capabilities provide significant insight into complex investigations and deliver greater situational awareness of complex threats. Our minority investment in Ripjar reinforces our commitment to provide clients with innovative solutions to safeguard their systems, networks and people.”
It will also help Accenture to expand its security capabilities in data fusion, automated analytics, and machine learning.
“Tackling growing global challenges requires innovative and scalable approaches,” said Tom Griffin, CEO, Ripjar. “Accenture Security’s global reach, deep industry experience and innovation-led approach, combined with Ripjar’s technology, is a real game changer for supporting global organizations in the fight against cybercrime.”
The companies didn’t disclose the financial terms of the deal.