(BRIEF) Accenture, a global generation and consulting firm, has acquired Innotec Security, a leading cybersecurity-as-a-service company headquartered in Madrid, Spain. This acquisition strengthens Accenture’s cybersecurity functions and its presence in Spain. Innotec Security, formerly owned through the Entelgy Group, brings together 500 cybersecurity professionals at Accenture Security, making it one of the leading providers of Managed Security Services (MSS) in Spain. Innotec Security offers a wide variety of cybersecurity solutions including threat detection and response, incident management, and cyber threat assessment. and security consulting, serving clients in a variety of industries. The move is part of Accenture’s commitment to meet the growing demand for controlled security across Europe and help organizations better protect against cyber threats. Financial terms of the acquisition were not disclosed.
(PRESS RELEASE) MADRID, Nov. 2, 2023 — /EuropaWire/ — Accenture (NYSE: ACN) has acquired Innotec Security, a privately held company specializing in cybersecurity-as-a-service, cyber resilience and cyber threat management, expanding its functions and presence in Spain. In the past, Innotec Security was owned by parent company Entelgy Group. Financial terms were not disclosed.
Founded in 2002 and headquartered in Madrid, Spain, Innotec Security is one of the leading cybersecurity service providers in the Spanish market. The acquisition of Innotec Security, which also has a presence in Barcelona, Seville and the Basque Country, will incorporate 500 cybersecurity professionals. to Accenture Security’s 20,000 professionals around the world, making Accenture Security one of the leading players in Managed Security Services (MSS) in Spain.
Innotec Security offers a variety of cybersecurity services, including threat simulation, detection, reaction and incident management, cyber intelligence, infrastructure and application security, cyber threat assessment, and security consulting. The company’s clients come from giant organizations operating in Spain in sectors such as money services, energy, logistics, healthcare, maritime transport and the public sector.
“Our clients depend on us to help them protect and preserve their businesses throughout their ecosystem. Innotec Security is a recognized and recognized company in Spain with a highly professional cybersecurity team, which will take special care of our security footprint in the market,” he said. Paolo Dal Cin, Global Director of Security at Accenture. “It is vital to note that this acquisition will also expand our regional capabilities and resources and help us meet the growing demand we are seeing for controlled security facilities across Europe. “
This acquisition further expands Accenture’s ability to provide its clients with much-needed cybersecurity capabilities and expertise. According to Accenture’s Cyber-Resilient CEO report, 70% of Spanish CEOs of large organizations (revenues > $1 billion) are concerned about their organization’s ability to minimize the damage caused to the company through a cyberattack. However, nearly two-thirds (63%) of CEOs say their organization doesn’t integrate cybersecurity into its business strategies, services, or products early on.
“We are very pleased to welcome the talented Innotec Security team to Accenture Security, as we consolidate our leadership in the cybersecurity installations market,” said Agustín Muñoz-Grandes, director of Accenture Security in Spain and Portugal. “With the acquisition of Innotec Security, we are particularly expanding our presence in Spain and adding our strong MSS functions and the highly in-demand cybersecurity capabilities that we offer to our clients locally and globally.
Félix Muñoz, CEO of Innotec Security, said: “Our strategy has been to offer excellent cybersecurity services to our clients and be one of the most productive companies to work for. Accenture’s industry-focused strategy for cyber defense and corporate culture are a great fit for us. Joining Accenture is a wonderful opportunity for us to offer even more value to our developing visitor base and we are excited about the next steps in our adventure together.
Accenture recently ranked No. 1 in Managed Security Services Market Share through Earnings in the Gartner® Market Share: Managed Security Services, Worldwide, 2022 report, April 18, 2023* and was named a Leader in Forrester Research’s most recent report on managed security services at Vendors. of. Europe.
Since 2015, Accenture Security has made 19 acquisitions. Following the January 2020 acquisition of Symantec’s cybersecurity facilities business, Accenture has one of the world’s leading MSS providers. Accenture further strengthened its cyber defense and MSS functions in Europe with the acquisition of Sentor and Opendriven in 2021 and in Latin America with the acquisition of MNEMO Mexico, Morphus and Real Protect.
*Gartner, Market Share: Managed Security Services, Worldwide, 2022, April 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its U. S. affiliates. It is used in the U. S. and around the world and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise Gen users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of reviews by Gartner’s research organization and not statements of fact. Gartner disclaims all warranties, express or implied, with respect to these studies, including any warranties of merchantability or fitness for a particular purpose.
Accenture Security is a leading provider of end-to-end cybersecurity services, aggregating industry-specific cyber strategies, protection, resiliency and services. We bring security innovations, along with the global scale and global delivery capability of our network of Cyber Fusion Centers. Backed Through our team of highly professional professionals, we enable our clients to innovate safely, build cyber resilience, and grow with confidence. Visit us at Accenture. com/safety.
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SOURCE: Accenture
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