Accenture To Acquire Openminded To Drive Security Business Presence In Europe

Accenture PLC (NYSE: 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.