Accenture acquires Innotec Security to enhance cyber resilience services in Spanish market

Accenture has significantly increased its cybersecurity services in Spain by acquiring Innotec Security, a leader in cyber resilience and risk management. Although financial details remain under wraps, this strategic move bolsters Accenture’s presence in the European cybersecurity landscape.

Innotec Security to Add Expertise to Accenture’s Global Security Team

Founded in Madrid, Innotec Security has established itself as a top cybersecurity service provider. With this acquisition, Accenture Security is poised to become one of Spain’s foremost managed security services (MSS) entities. The integration of Innotec’s 500 cybersecurity experts with Accenture’s 20,000-strong global team reflects the company’s commitment to scaling its MSS prowess across Spain.

Innotec Security Joins Accenture, Expanding Cybersecurity Footprint in Europe. Photo courtesy of JiriMatejicek/Wikimedia Commons.

Strengthening Cybersecurity Skills Amid Rising Demand in Europe

Innotec Security offers an array of services, from cyber intelligence to security consulting, catering to sectors including finance, energy, and healthcare. Paolo Dal Cin, Accenture Security’s global lead, acknowledges Innotec’s respected position and anticipates this enhancement to the company’s market footprint will meet Europe’s surging demand for robust cybersecurity measures.

In line with Accenture’s Cyber-Resilient CEO report, the urgency for enhanced cybersecurity skills is clear, with 70% of Spanish CEOs expressing concern over cyber threats. This acquisition serves to bridge the gap as numerous CEOs recognize the necessity of integrating cybersecurity strategies from the ground up.

Accenture Security’s leadership in Spain and Portugal, led by Agustín Muñoz-Grandes, welcomes Innotec’s expertise, anticipating substantial regional growth. Innotec’s CEO, Félix Muñoz, views the union with Accenture as a platform for delivering even greater value to their clients.

Accenture’s Continued Investment in Cybersecurity Excellence

Accenture Security’s history of strategic acquisitions, including the significant addition of Symantec’s Cyber Security Services in 2020 and European entities Sentor and Openminded in 2021, underlines its pursuit of global leadership in MSS. The latest acquisition of Innotec Security adds to this expanding portfolio, promising enhanced cybersecurity defenses for its diverse clientele.