Accenture acquires Spanish cybersecurity firm Innotec Security

The acquisition is designed to accelerate the company’s growth and market presence in Spain

Vendor Accenture has completed its fourth acquisition of 2023 with the addition of Spanish cybersecurity-as-a-service firm, Innotec Security, to its arsenal.

Innotec Security was previously owned by parent company Entelgy Group.

Founded in 2002 and headquartered in Madrid, the acquisition of Innotec will add 500 cybersecurity professionals to Accenture Security's workforce of 20,000 professionals globally.

Innotec Security provides a range of cybersecurity services, including 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 organisations operating in Spain across sectors such as financial services, energy, logistics, healthcare, transportation and the public sector.

"Our clients count on us to help them better protect and defend their enterprises across their entire ecosystem. Innotec Security is an excellent and well-regarded company in Spain with a highly skilled cybersecurity team, which will significantly enhance our security footprint in the market," said Paolo Dal Cin, global lead of Accenture Security.

"Importantly, this acquisition will also expand our regional capabilities and resources and help us address the growing demand we're seeing for managed security services across Europe."

"We're delighted to welcome Innotec Security's talented team to Accenture Security as we build on our established market leadership in cybersecurity services," said Agustín Muñoz-Grandes, who leads Accenture Security in Spain and Portugal.

"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."

This is Accenture's fourth acquisition in 2023, after the addition of Stardog, Objectivity and Inspirage.