Managed Security Services, MSSP

Accenture Buys Spanish Cybersecurity-as-a-Service Company

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Accenture, a Top 250 MSSP and global consulting and technology company, has acquired Innotec Security for an undisclosed sum.

This is technology M&A deal number 298 that MSSP Alert and sister site ChannelE2E have covered so far in 2023.

Accenture, founded in 1989, is based in Dublin, Ireland. The company has 541,251 associated members listed on LinkedIn. Accenture's areas of expertise include artificial intelligence, data and analytics and security.

Innotec, founded in 2002, is based in Madrid, Spain. The company is not currently listed on LinkedIn. Innotec's areas of expertise include cybersecurity as a service, cyber risk management and cyber resilience.

Accenture Extends Reach in Spain's Cybersecurity Market

Innotec's 500 cybersecurity professionals will join Accenture Security, which maintains a global workforce of 20,000 security professionals. In doing so, Innotec will help make Accenture Security one of the largest MSSPs in Spain, the companies said.

In addition, Innotec enhances Accenture's ability to provide Spanish organizations with cybersecurity skills and expertise, the companies stated. It enables Accenture to deliver a wide range of managed security services to these organizations, including:

  • Threat simulation, detection and response
  • Incident management
  • Cyber intelligence
  • Infrastructure and application security
  • Cyber risk assessment
  • Security consulting

Accenture Adds to Its Security Portfolio

With the Innotec transaction, Accenture has completed 19 security-related transactions dating back to 2015. These transactions include:

  • 6point6, a UK technology consultancy that specializes in cloud, data and cybersecurity
  • MNEMO Mexico, which provides managed security services to organizations in Mexico
  • Morphus, which offers cyber defense, risk management and threat intelligence services
  • Sentor, a Swedish MSSP and cyber defense services provider
  • Openminded, an MSSP and cybersecurity consulting services company

Accenture Continues to Pursue Security Partnerships

The Innotec acquisition comes after Accenture subsidiary Accenture Federal Services (AFS) and Google Public Sector in October 2023 launched a Cybersecurity Center of Excellence for U.S. federal agencies. This center provides federal agencies with technologies, tools and resources that they can use to detect and respond to cyberattacks, the businesses said.

Previously, Accenture in September 2023 extended its partnership with CyberArk, an identity security solutions provider. The partnership lets Accenture use CyberArk's technologies to control and monitor privileged access across its customers' on-premises, cloud and hybrid infrastructure, the companies stated. Accenture is also using CyberArk's technologies to protect its own data and systems.

Accenture offers cyber strategy, protection and resilience services via Accenture Security. These services are available to global organizations.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.