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Accenture Buys One of Spain’s Top Cyber Companies: Innotec Security

The deal sees one of Spain’s most prominent cybersecurity service providers join Accenture, which has a team of around 20,000 cybersecurity professionals worldwide.

Paolo Dal Cin, global leader of Accenture Security, said that the high-profile deal positions Accenture as the leader in the Spanish cyber market, and elevates the firm’s regional offerings across areas such as security consulting, cyber resilience, cyber risk management, and managed services.

Founded in 2002, Madrid-headquartered Innotec Security provides a range of cybersecurity services, including threat simulation, detection, response and incident management, cyber intelligence, infrastructure and application security, cyber risk assessment, and security consulting.

The company’s clients include large organisations operating in Spain across sectors such as financial services, energy, logistics, healthcare, transportation, and the public sector.

“We’re delighted to welcome Innotec Security’s team to Accenture Security as we build on our established market leadership in cybersecurity services,” said Agustín Muñoz-Grandes, who leads Accenture Security in Spain and Portugal. “With the acquisition of Innotec Security, we are materially expanding our presence in Spain and adding to our robust cybersecurity capabilities.”

The deal comes a time of growing demand for cyber services. Triggered by a mounting threats landscape, 70% of CEOs in Spain from large organizations are concerned about their organizations’ ability to avert or minimize damage to the business from a cyberattack, according to Accenture research. In other markets, the picture is not very different, with recent PwC research finding that cyber is now one of the top three priorities of CEOs worldwide.

“Becoming part of Accenture is an excellent opportunity for us to deliver even more value to our growing client base and we’re excited for the next steps on our journey together,” said Félix Muñoz, CEO of Innotec Security.

The deal continues a run of acquisitions for Accenture. Notable bolt-ons closed by its Security business over the past years include that of Symantec’s Cyber Security Services (United States), Sentor and Openminded (Europe), and Mnemo, Morphus and Real Protect (Latin America).

Source: Counsultancy.eu