by Staff Writers
New York NY (SPX) May 19, 2023
Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in SpiderOak, a leader in zero-trust cybersecurity and resiliency solutions for next generation space systems. Based in Reston, Virginia, SpiderOak's OrbitSecure product suite brings zero trust security to zero gravity environments. OrbitSecure leverages a powerful combination of no-knowledge encryption and distributed-ledger technology in order to meet the unique demands of cybersecurity in space.
The product suite includes a fully decentralized key management system that helps enable full availability and continued operations in space, even within disconnected or highly contested networks. This increases resiliency for multi-vendor, multi-network, mesh proliferated low-Earth orbit networks by significantly reducing the attack surface and opportunities for adversaries to jam, disrupt, modify, or contest space communications and satellite services.
"As the space economy grows, we anticipate that global demand for secure communications will soar," said Paul Thomas, Space Innovation Lead, Technology Innovation at Accenture. "Our work with SpiderOak is the start of an exciting journey to enable secure communications in space and combine SpiderOak's technology with solutions we are creating at Accenture, such as satellite communications, ground station as-a-service, remote IoT device-to-Satellite data, Space R and D and earth observation data."
According to Accenture's Technology Vision 2023 report, 99% of survey respondents estimate advancements in science tech will have an impact on their organizations' business processes over the next three to five years. The rapid increase in the number of satellites in space - government and commercial - has established a need for a hybrid, multi-party environment built with security by design. As emerging technologies accelerate science and impact business transformation, cybersecurity needs to be at the forefront for enterprises.
"Cybersecurity cannot be an add on, option, or silo in space. To protect and enable our future, we must give cybersecurity the same priority in space as it has now throughout critical infrastructure on the ground," said Tom Patterson, Quantum and Space Security lead at Accenture. "Working with SpiderOak, we can help our clients put zero trust security into zero gravity and take strategic advantage of these developments to transform their businesses in coming years, and ultimately the futures of their industries."
"As organizations look for solutions to innovate at speed with the rate of growth in space, SpiderOak is well positioned to empower commercial and government customers with our revolutionary cybersecurity platform for space communications," said Dave Pearah, CEO, SpiderOak. "We believe our participation in Accenture Project Spotlight, combined with Accenture's deep experience with leading companies in the aerospace and defense industry and commitment to space innovation and security, will help drive increased awareness and adoption of our secure end-to-end satellite security offerings."
SpiderOak is the latest company to join Accenture Ventures' Project Spotlight, an engagement and investment program that targets emerging technology companies that can help fill strategic innovation gaps for the Global 2000. In addition to capital investments, Accenture Venture's Project Spotlight offers unprecedented access to Accenture's technology domain expertise and its enterprise clients. Technology companies co-innovate with Accenture at its Innovation Hubs, Labs and Liquid Studios, working with subject matter experts to adapt their solutions to the enterprise market and scale faster and more effectively.
Terms of the investment were not disclosed.
SpaceDaily Analyst Report
Analyst A - Space Technologies and Security Analyst Rating: 9/10
As an analyst with a focus on space technologies and security, this article is highly relevant. Accenture's investment in SpiderOak points towards a future where cybersecurity in space communications is critical. Given the unique demands of cybersecurity in space, these developments are of great interest. The primary audience for this perspective includes cybersecurity companies, space tech companies, and security policymakers.
Analyst B - Business and Strategic Analyst Rating: 8/10
For an analyst focusing on business and strategic decisions, this article is relevant. The strategic investment of Accenture in SpiderOak signals a recognition of the growing importance of space cybersecurity. This could influence similar business decisions within the tech industry. The primary audience for this perspective would be business strategists, market researchers, and venture capitalists.
Analyst C - Quantum Technology Analyst Rating: 7/10
As an analyst specializing in quantum technologies, this article has relevance, though not at the center of this field. The zero-trust security approach mentioned in the article suggests potential applications of quantum technology, but the details are scant. The primary audience from this perspective includes quantum technology researchers, quantum computing companies, and related policymakers.
Accenture's strategic investment in SpiderOak, a leader in zero-trust cybersecurity solutions for space systems, underscores the increasing importance of secure space communications in the growing space economy. SpiderOak's OrbitSecure product suite, which employs a combination of no-knowledge encryption and distributed-ledger technology, presents a solution tailored to the unique demands of cybersecurity in space. This could significantly increase resiliency for multi-vendor, multi-network, low-Earth orbit networks. As advancements in space technology continue to accelerate and impact business transformations, enterprises must prioritize cybersecurity to protect and enable our future in space.
Comparing this development with the past 25 years of industry trends, it correlates with the increasing emphasis on cybersecurity in our interconnected world. Moreover, the last few decades have seen a remarkable increase in the commercialization of space, leading to a hybrid environment that demands robust security by design. This development marks an intersection of these two trends.
1.Specific Details/Aspects of the Topic Analysts would be interested in understanding the technical specifics of SpiderOak's OrbitSecure suite. How does the combination of no-knowledge encryption and distributed-ledger technology work to enhance cybersecurity in space? Understanding these details will provide a clearer picture of the technology's capabilities and potential.
2.Implications for the Broader Industry With Accenture investing in space cybersecurity, what might be the implications for the broader space and cybersecurity industries? This question is vital for assessing the potential impact and how it might shape future strategic investments and partnerships within these industries.
3.Potential Future Developments What potential future developments could emerge from Accenture's investment in SpiderOak? Understanding the trajectory of this strategic move can provide insights into the future trends in space cybersecurity and secure communications.
4.Challenges or Obstacles What are the potential challenges or obstacles that might arise as companies work to implement robust cybersecurity measures in space systems? These could range from technical challenges to regulatory hurdles. Understanding these challenges can shed light on the path forward.
5.Responses from Key Industry Stakeholders How are other key industry stakeholders reacting to this investment? Stakeholder perspectives can have a significant influence on the direction and impact of cybersecurity in the space industry, and their reactions can provide insights into potential industry trends and movements.
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