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M&A Deal Summary

Accenture Acquires Innotec Security

On November 2, 2023, Accenture acquired information technology company Innotec Security from Entelgy Group

Acquisition Highlights
  • This is Accenture’s 128th transaction in the Information Technology sector.
  • This is Accenture’s 9th transaction in Spain.

M&A Deal Summary
Date 2023-11-02
Target Innotec Security
Sector Information Technology
Buyer(s) Accenture
Sellers(s) Entelgy Group
Deal Type Add-on Acquisition

Target

Innotec Security

Madrid, Spain
Innotec Security specializes in cybersecurity-as-a-service, cyber resilience, and cyber risk management, expanding its capabilities and footprint in Spain. The company provides a range of cybersecurity services, including threat simulation, detection, response and incident management, cyber intelligence, infrastructure and application security, cyber risk assessment, and security consulting. Its clients include large organizations operating in Spain across sectors such as financial services, energy, logistics, healthcare, transportation, and the public sector. Innotec Security is based in Madrid.

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Buyer(S) 1

Buyer

Accenture

Dublin, Ireland
Category Company
Founded 1951
Sector Business Services
Employees750,000
Revenue 64.1B USD (2023)
DESCRIPTION

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Accenture was founded in 1951 and is based in Dublin, Ireland.

DEAL STATS #
Overall 293 of 339
Sector (Information Technology) 128 of 152
Type (Add-on Acquisition) 261 of 299
Country (Spain) 9 of 11
Year (2023) 18 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Shelby Group

Schaumburg, Illinois, United States

Shelby Group is a procurement technology consultancy with deep experience in Coupa and Ivalua solutions. Shelby Group was founded in 2002 and is based in Schaumburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Solnet

Wellington, New Zealand

Solnet is an IT services provider with deep technology consulting experience for New Zealand government and private organizations across multiple industries. The company offers end-to-end consulting, solutions development, and managed services & operations, which enable it to support long-term engagements. Its advisory services focus on developing strategies and delivering the potential of new technologies. Solnet is based in Wellington, New Zealand.

Buy -

Seller(S) 1

SELLER

Entelgy Group

Madrid, Spain
Category Company
Sector Information Technology
DESCRIPTION

Entelgy Group is a business tech consultancy that transforms and manages quality and efficiency business processes, through the use of technology and the best user adoption strategy. Entelgy Group is based in Madrid.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Spain) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

Legal