Accenture invests in Tenchi to curb supply chain risks
NEW YORK, UNITED STATES and SAO PAULO, BRAZIL — Business process outsourcing (BPO) company Accenture has invested in third-party cyber risk management company Tenchi Security (Tenchi) to help firms control supply chain security risks.
Through its capital investment arm Accenture Ventures, the BPO giant will utilize Tenchi’s platform as a new component of its managed security services.
Founded in 2019, Tenchi aids firms in gaining better transparency in their supply chains to protect them from various cybersecurity and privacy risks. Its software is called Zanshin, a single-platform monitoring solution that provides firms with a comprehensive view of their security status.
Citing its own study, Accenture stated that 51% of CEOs ranked supply chain as the second highest external risk, revealing how imperative a sound security infrastructure is in logistics networks.
“While there is a growing awareness of the need to manage cybersecurity risks across a company’s supply chain, there is a lack of verified, integrated, and continuous data and effective remediation,” said Felipe Boucas, CEO of Tenchi.
He added that Accenture’s experience in managed security services will complement Tenchi’s knowledge of supply chain vulnerabilities.
Tenchi will be part of Accenture’s Project Spotlight, an engagement and investment program for emerging technology companies. Headquartered in São Paulo, Brazil, Tenchi’s clients include firms from the financial, health, telecommunication, and insurance industries.
Accenture ranked #1 in the 2023 Time Doctor OA500, the first objective index of the world’s top 500 outsourcing companies. The 2024 edition of the OA500 will be released this month.
