Innotec Security offers a broad array of cybersecurity services in the Spanish market, including threat simulation, cyber intelligence, infrastructure and application security, cyber risk assessment, detection, response and incident management and security consulting
Spanish cybersecurity firm Innotec Security acquired by Accenture. (Credit: JiriMatejicek/Wikimedia Commons)
Accenture has snapped up Innotec Security, a Spain-based company that focuses on cybersecurity-as-a-service, cyber resilience and cyber risk management, in a move to expand its capabilities and footprint in Spain.
The financial terms of the deal were not revealed.
Established in 2002, Innotec Security was previously owned by the parent company Entelgy Group.
The firm offers a broad array of cybersecurity services in the Spanish market. The services include threat simulation, cyber intelligence, infrastructure and application security, cyber risk assessment, detection, response and incident management and security consulting.
Innotec Security’s customers comprise institutions operating in Spain across industries such as logistics, healthcare, financial services, energy, transportation and the public sector.
Innotec Security CEO Félix Muñoz said: “Our strategy has always been to deliver exceptional cybersecurity services to our clients and to be one of the best companies to work for.
“Accenture’s industry-focused approach to cyber defence and its company culture is a great fit for us. 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.”
Through the acquisition of Innotec Security, Accenture aims to add 500 cybersecurity professionals to Accenture Security’s workforce of 20,000 professionals worldwide.
Besides, the deal is expected to make Accenture Security one of the top managed security services (MSS) companies in Spain.
According to Accenture, the transaction will also advance the company’s capability to offer clients the required cybersecurity skills and expertise.
Accenture Security Spain and Portugal lead Agustín Muñoz-Grandes said: “We’re delighted to welcome Innotec Security’s talented team to Accenture Security as we build on our established market leadership in cybersecurity services.
“With the acquisition of Innotec Security, we are materially expanding our presence in Spain and adding to our robust MSS capabilities and the in-demand cybersecurity skills we offer clients both locally and globally.”
Accenture Security has made 19 acquisitions since 2015, including Symantec’s Cyber Security Services business, Sentor, Openminded, MNEMO Mexico, Morphus and Real Protect.
In June this year, Accenture announced a $3bn investment in its data and artificial intelligence (AI) practice over three years to expedite the reinvention efforts of its clients.