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Accenture boosts cybersecurity capabilities with acquisition of Mexican firm MNEMO, expands presence in Latin America.

Accenture Strengthens Cybersecurity Capabilities with MNEMO Mexico Acquisition

Enhancing Cybersecurity Footprint in Mexico and Latin America

In a strategic move to bolster its cybersecurity capabilities, Accenture announced the acquisition of MNEMO Mexico, a prominent cybersecurity firm based in Mexico City. This acquisition aims to enhance Accenture’s presence in Mexico and Latin America, particularly within the telecommunications, banking, and insurance sectors – the primary clientele of MNEMO.

Addressing Escalating Cybersecurity Needs in the Region

The acquisition of MNEMO Mexico aligns with Accenture’s strategic efforts to address the escalating cybersecurity needs in the region. MNEMO Mexico, with its team of 229 professionals and 180 industry certifications, brings valuable expertise to enhance Accenture’s advanced cyber defense capabilities, AI-powered cyber intelligence platform, and 24/7/365 security operations center.

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Building Cyber-Resilient Businesses and Expanding Presence

Andre Fleury, head of Accenture Security in Latin America, warmly welcomed the talented team from MNEMO for their robust capabilities. This acquisition aims to build more cyber-resilient businesses and expand Accenture’s presence in Latin America, further strengthening its global workforce of over 19,500 professionals.

Tackling Growing Cyber Threats in Mexico

The World Economic Forum’s Global Cybersecurity Outlook 2023 has recently highlighted the growing cyber threats in Mexico and the challenges associated with talent recruitment in the field. Accenture’s acquisition of MNEMO Mexico aligns perfectly with these observations and is seen as a strategic step towards addressing these issues.

Recognized Expertise in the IT Services Industry

Accenture, a prominent player in the IT Services industry, has been recognized for its strategic security services and market share by revenue. With a market cap of $185.11B USD, Accenture has consistently increased earnings per share and raised its dividend for four consecutive years, further strengthening its position in the market.

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Seamless Acquisition Process

The acquisition is subject to the Private Securities Litigation Reform Act of 1995 and addresses various risks, including economic conditions, client demand, talent management, data security, competitive markets, pricing strategies, tax changes, foreign currency fluctuations, legal liabilities, intellectual property rights issues, and challenges related to government contracting.

Continued Expansion of Cybersecurity Footprint

With a P/E ratio of 27.2 and an adjusted P/E ratio of 25.22 for the last twelve months of 2023, Accenture continues to strategically expand its cybersecurity footprint globally. The undisclosed deal to acquire MNEMO Mexico is seen as a significant step in this ongoing expansion.

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