October 23, 2023
Accenture Expands Cybersecurity Services Capabilities in Latin America with Acquisition of MNEMO Mexico
MEXICO CITY and NEW YORK; Oct. 23, 2023 – 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 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.
“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,” said Paolo Dal Cin, who leads Accenture Security globally. “Together, we will help organizations build more cyber-resilient businesses and secure their 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.
“The constantly shifting digital world is both a source of opportunity and risk, making it essential to have a well-trained and proficient cybersecurity team,” said Julian Garrido, General Director of MNEMO Mexico. “For more than 20 years our clients have counted on us to safeguard them against destructive cyberattacks. We are excited to join Accenture Security so we can collaborate across industries to help clients in Mexico and around the world build a secure future.”
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.
“We are proud to welcome the MNEMO Mexico team to Accenture. Their robust cybersecurity capabilities and commitment to a collaborative work culture are essential as we look to meet the increasing demand for managed security services in the market," said Andre Fleury, who leads Accenture Security in Latin America. “We are confident that we will bring tremendous talent and capability to our clients.”
Accenture recently ranked No. 1 in managed security services (MSS) market share by revenue in the Gartner® Market Share: Managed Security Services, Worldwide, 2022 report, 18 April 2023 *. Last year, Accenture was recognized as a leader in strategic security services and MSS in Brazil by ISG.
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.
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Accenture Security is a leading provider of end-to-end cybersecurity services, including strategy, protection, resilience and industry-specific cyber services. We bring security innovation, coupled with global scale and a worldwide delivery capability through our network of Cyber Fusion Centers. Helped by our team of highly skilled professionals, we enable clients to innovate safely, build cyber resilience and grow with confidence. Visit us at accenture.com/security.
*Gartner, Market Share: Managed Security Services, Worldwide, 2022, April 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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