Accenture acquires MNEMO Mexico to boost cybersecurity portfolio

Accenture (NYSE: ACN) has announced its acquisition of MNEMO Mexico, a significant player in managed cybersecurity services. However, the financial specifics of the transaction remain undisclosed.

MNEMO Mexico’s Background:

Established in 2012 in Mexico City, MNEMO Mexico boasts of 229 cybersecurity professionals and has secured 180 cybersecurity industry certifications alongside esteemed ecosystem partners. The company’s advanced cybersecurity offerings include state-of-the-art cyber defense and response methodologies, an AI-driven cyber intelligence platform, and a dedicated 24/7/365 security operations center based in Mexico City. Their diverse client base permeates industries such as banking, insurance, and telecommunications.

Accenture and MNEMO Mexico: A Stronger United Front

Paolo Dal Cin, the global head of Accenture Security, remarked, “MNEMO Mexico’s comprehensive managed cybersecurity services and vast industry know-how make them an invaluable addition to our existing expertise. This strategic collaboration will bolster our operations in Mexico, expand our reach in Latin America, and fortify our North America business.” This partnership aims to assist organizations in constructing cyber-resilient enterprises and ensuring the security of their digital infrastructures.

MNEMO Mexico joins Accenture: A move to strengthen managed cybersecurity services. Photo courtesy of Photo courtesy of JiriMatejicek/Wikimedia Commons.

Mexico’s Cybersecurity Landscape

Julian Garrido, General Director of MNEMO Mexico, emphasized the criticality of a robust cybersecurity team in today’s ever-evolving digital landscape. He noted, “Our clients have depended on our expertise to shield them from potential cyber threats for over two decades. Partnering with Accenture Security will allow us to work across sectors and aid clients globally in establishing a secure digital future.”

With Mexico frequently featuring among the top Latin American nations affected by cyberattacks, the necessity for adept cybersecurity solutions is palpable. Recent insights co-produced by the World Economic Forum’s Global Cybersecurity Outlook 2023 and Accenture reveal the escalating challenges surrounding talent acquisition and retention in the cybersecurity domain.

Accenture’s Dominance in the MSS Arena

Accenture’s acquisition of MNEMO Mexico will integrate their professionals with Accenture Security’s expansive workforce, thus expanding Accenture’s influence in the Mexico and Latin American markets. With Accenture recently being recognized as the frontrunner in managed security services (MSS) market share in the 2023 Gartner report, their acquisitions like that of Brazil’s Morphus and Real Protect have further solidified their stance as global leaders in MSS.

A Flourishing Partnership

Andre Fleury, the leader of Accenture Security in Latin America, warmly welcomed the MNEMO Mexico team, highlighting their comprehensive cybersecurity proficiencies and their dedication to fostering a collaborative work environment.