Accenture To Acquire Openminded To Drive Security Business Presence In Europe

  • Accenture PLC ACN inked an agreement to acquire France’s cybersecurity services company, Openminded, to consolidate Accenture Security’s presence and abilities in France and fast-track Accenture’s growth in Europe.
  • The financial terms of the transaction were not disclosed.
  • Openminded assisted clients to detect and lessen cybersecurity risks, incidents and execute best practices in regulatory compliance.
  • Accenture acquired Symantec’s Cyber Security Services business in January 2020. The company had acquired Context Information Security, Revolutionary Security, Real Protect in March 2020, April 2020, and January 2021.
  • It expects Openminded to help clients defend against cyber threats more effectively across their entire ecosystem in the present and future, Accenture Security head Kelly Bissell said.
  • Accenture held $9.2 billion in cash and equivalents as of Feb. 28, 2021.
  • Price action: ACN shares closed at $290.27 on Wednesday.
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