Accenture buys Mexican cyber managed services business Mnemo

23 October 2023 Consultancy.lat 2 min. read
Profile

Following previous cyber-focused acquisitions in Brazil, Accenture has now turned to inorganic growth in the Mexican market, absorbing Mexico City-based Mnemo into its ranks.

Founded in 2012, Mnemo has around 230 staff specialised in cybersecurity managed services. The firm portfolio includes cyber defense and response capabilities, a cyber intelligence platform powered by generative AI and other advanced technologies, and a security operations center in Mexico City.

Mnemo works for clients across multiple industries, including telecommunications, banking and insurance.

Accenture buys Mexican cyber managed services business Mnemo

“The acquisition of Mnemo complements our existing capabilities in the cyber landscape,” said Paolo Dal Cin, who leads the Security business of Accenture globally. “Their team will help us grow our business in Mexico, expand our presence in Latin America and support our North America business,” he added.

With the addition of Mnemo, Accenture Security now has a workforce of around 19,500 professionals globally.

Andre Fleury, who leads Accenture Security in Latin America, said: “We are proud to welcome the Mnemo 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.”

The deal continues a long streak of acquisitions for Accenture Security – 17 since 2015, according to Dal Cin. Notable deals in the Latin America region include that of Morphus earlier this year and Real Protect in 2021 – both also focused on the managed services segment of the cyber landscape.

“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. “We are excited to join Accenture so we can collaborate across industries to help clients in Mexico and around the world build a secure future.”