Benzinga | Jun 18, 2021 03:30PM EDT

Accenture Bags $112M Task Order For Federal Cyberattack Protection

* Accenture PLC's (NYSE:ACN) Accenture Federal Services (AFS) subsidiary won a $112 million prime task order from the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA) to protect Federal Civilian Executive Branch (FCEB) systems against cyberattacks.

* AFS and Cloudflare Inc (NYSE:NET) will collaborate as CISA task order team members to mitigate the cyberattack effects, including ransomware, botnets, and malware campaigns, enhance real-time visibility into cyber threats, block phishing and malware attacks before occurrence and contain breaches that occur on devices, like laptops and cell phones.

* The CISA Task Order on the Alliant 2 Governmentwide Acquisition Contract (GWAC) will run for a base period of one year with four one-year option periods.

* President Joe Biden had prioritized cybersecurity funding following the Microsoft Corp's (NASDAQ:MSFT) Exchange email software, SolarWinds Corp (NYSE:SWI) software, Colonial Pipeline ransomware attacks.

* Recently, International Business Machines Corp (NYSE:IBM) dedicated a cybersecurity center for U.S. federal agencies.

* Price action: ACN shares traded lower by 0.81% at $282.47 on the last check Friday.