Accenture (NYSE: ACN) has acquired MNEMO Mexico, a privately held company specializing in managed cybersecurity services.
Financial terms were not disclosed.
Founded in Mexico City in 2012, MNEMO Mexico “has 229 cybersecurity professionals and 180 cybersecurity industry certifications with key ecosystem partners.”
The company’s portfolio reportedly “includes advanced cyber defense and response capabilities, a cyber intelligence platform powered by generative AI and other advanced technologies and a 24/7/365 security operations center in Mexico City.” Its client base spans multiple industries, “including telecommunications, banking and insurance.”
Paolo Dal Cin, who leads Accenture Security globally, said:
“The combination of MNEMO Mexico’s managed cybersecurity services, extensive industry expertise and strong client base makes them an ideal partner to complement our existing capabilities. The addition of MNEMO Mexico’s team will help us grow our business in Mexico, expand our presence in Latin America and support our North America business. Together, we will help organizations build more cyber-resilient businesses and secure digital cores, technologies and supply chains.”
MNEMO Mexico’s cybersecurity professionals will “join Accenture Security’s workforce of more than 19,500 professionals globally, extending Accenture’s local resources and capabilities in Mexico / Latin America while addressing the growing regional demand for managed security services.”
Mexico consistently ranks “among the top countries in Latin America hardest hit by cyberattacks.”
Additionally, a report in collaboration with the World Economic Forum’s Global Cybersecurity Outlook 2023 and Accenture revealed “that 59% of business leaders and 64% of cyber leaders ranked talent recruitment and retention as a key challenge for managing cyber resilience. And less than half of respondents reported having the people and skills needed today to respond to cyberattacks.”
Since 2015, Accenture Security has “made 17 acquisitions. Following its January 2020 acquisition of Symantec’s Cyber Security Services business, Accenture became one of the leading global providers of MSS.”
Accenture further strengthened its cyber defense and MSS capabilities “in Latin America through the acquisition of Brazil-based Morphus earlier this year and its 2021 acquisition of Real Protect.”