Accenture Expands Cybersecurity Services Capabilities in Latin America With Acquisition of MNEMO Mexico

Accenture Expands Cybersecurity Services Capabilities in Latin America With Acquisition of MNEMO Mexico

October 24, 2023 at 04:48PM

Accenture has acquired MNEMO Mexico, a managed cybersecurity services company based in Mexico City. MNEMO Mexico has a team of 229 cybersecurity professionals and offers advanced cyber defense and response capabilities. The acquisition will help Accenture expand its business in Mexico and Latin America and meet the growing demand for managed security services in the region. MNEMO Mexico’s team will join Accenture Security’s workforce of over 19,500 professionals globally. Mexico is one of the countries most impacted by cyberattacks, and talent recruitment and retention are key challenges in managing cyber resilience. Accenture is ranked number one in managed security services market share by revenue, according to a Gartner report.

Accenture has acquired MNEMO Mexico, a company specializing in managed cybersecurity services. MNEMO Mexico is based in Mexico City and was founded in 2012. The financial terms of the acquisition were not disclosed. MNEMO Mexico has a team of 229 cybersecurity professionals with 180 industry certifications. They offer advanced cyber defense and response capabilities, a generative AI-powered cyber intelligence platform, and a security operations center. Their client base includes industries such as telecommunications, banking, and insurance.

This acquisition allows Accenture to enhance its capabilities in Mexico, expand its presence in Latin America, and support its North America business. MNEMO Mexico’s cybersecurity professionals will join Accenture Security’s global workforce, which currently consists of over 19,500 professionals. The acquisition addresses the growing demand for managed security services in the region.

Mexico consistently ranks among the top countries in Latin America most affected by cyberattacks. A report by Accenture and the World Economic Forum’s Global Cybersecurity Outlook 2023 highlighted that talent recruitment and retention are significant challenges for managing cyber resilience, with 59% of business leaders and 64% of cyber leaders considering it a key challenge.

Accenture recently ranked No. 1 in market share for managed security services (MSS) by revenue in the Gartner Market Share: Managed Security Services, Worldwide, 2022 report. This acquisition is part of Accenture’s ongoing efforts to strengthen its global MSS capabilities. Since 2015, Accenture Security has made 17 acquisitions, further solidifying its position in the cybersecurity market.

Forward-looking statements: The statements in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. It is important to note that these statements are not guarantees of future performance or promises that goals or targets will be met.

About Accenture: Accenture is a leading global professional services company that helps businesses, governments, and organizations build their digital core, optimize operations, accelerate revenue growth, and enhance citizen services. With approximately 733,000 employees across more than 120 countries, Accenture combines technology, industry experience, and functional expertise to deliver tangible outcomes. Their services include Strategy & Consulting, Technology, Operations, Industry X, and Song. Accenture Security is a provider of end-to-end cybersecurity services, offering strategy, protection, resilience, and industry-specific cyber services.

Note: The information provided above is based on the meeting notes provided, and any additional information or recent developments may not be included.

Full Article