Accenture Expands Footprint, Capabilities in Spain with Innotec Security Acquisition

Accenture Expands Footprint, Capabilities in Spain with Innotec Security Acquisition

By Greg Tavarez

Accenture, a preeminent global professional services organization, specializes in assisting leading businesses, governments and various entities in constructing their digital core, streamlining operations, hastening revenue growth and elevating citizen services.

The company's prowess lies in melding technological expertise with leadership in cloud computing, data analytics and AI. This unique combination, coupled with extensive industry experience, functional proficiency and global delivery capabilities, is what allows Accenture to deliver concrete outcomes. (And it gauges its success based on the 360-degree value it generates for clients, employees, shareholders, partners and communities alike.)

It makes sense as to why Accenture recently ranked No. 1 in managed security services market share by revenue in the Gartner Market Share: Managed Security Services, Worldwide, 2022 report, and was named a Leader in the latest Forrester Research report on European managed security service providers.

To expand its ability to provide clients with much-needed cybersecurity skills and expertise, Accenture acquired Innotec Security, a privately held company specializing in cybersecurity-as-a-service, cyber resilience and cyber risk management. Through the acquisition, Accenture expanded its capabilities and footprint in Spain, where 70% of CEOs from large organizations are concerned about their organizations’ ability to avert or minimize damage to the business from a cyberattack, according to an Accenture report.

“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,” said Agustín Muñoz-Grandes, who leads Accenture Security in Spain and Portugal.

Founded in 2002 and headquartered in Madrid, Innotec Security is one of the more prominent cybersecurity service providers in the Spanish market. Innotec Security provides cybersecurity services that include 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 organizations operating in Spain across sectors such as financial services, energy, logistics, healthcare, transportation and the public sector.

The acquisition of Innotec Security, which also has a presence in Barcelona, Seville and the Basque Country, adds 500 cybersecurity professionals to Accenture Security’s workforce of 20,000 professionals globally.

“Our strategy has always been to deliver exceptional cybersecurity services to our clients and to be one of the best companies to work for,” said Félix Muñoz, CEO of Innotec Security. “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.”

Since 2015, Accenture Security has made 19 acquisitions. Following its January 2020 acquisition of Symantec’s Cyber Security Services business Accenture became one of the prominent providers of MSS. Accenture further strengthened its cyber defense and MSS capabilities in Europe through the acquisition of Sentor and Openminded in 2021 and in Latin America with the acquisition of MNEMO Mexico, Morphus and Real Protect.

Edited by Alex Passett
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MSPToday Editor

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