Accenture Acquires Sentor, Enhancing Its Cyber Defense and Managed Security Services in Sweden
Accenture (NYSE: ACN) has acquired Sentor, a Sweden-based cyber defense and managed security services provider, to enhance its cybersecurity capabilities. Financial details of the acquisition remain undisclosed. Founded in 1998, Sentor's offerings include security testing and incident-response services, supported by a 24/7 operations center. The acquisition is set to strengthen Accenture Security's local resources in Sweden amidst increasing demand for managed security services. About 80 Sentor professionals will join Accenture, promising improved capabilities to combat cyber threats.
- Acquisition strengthens Accenture's local cybersecurity services in Sweden.
- Enhances access to approximately 80 experienced cybersecurity professionals.
- Expands capabilities in managing cyber risks and meeting growing client demand.
- None.
Accenture (NYSE: ACN) has acquired Sentor, a Sweden-based independent provider of cyber defense and managed security services. Financial terms were not disclosed.
Accenture has acquired Sentor (Photo: Business Wire)
Sentor was founded in 1998 and is headquartered in Stockholm, with additional offices in Gӓvle and Malmӧ. The company’s portfolio includes advisory services, security testing, managed detection and incident-response capabilities, powered by a 24/7/365 security operations center in Stockholm. Its client base spans multiple industries, including finance, insurance, manufacturing and retail.
Sentor’s approximately 80 cybersecurity professionals will join the Accenture Security team in Sweden, extending Accenture’s local resources and capabilities and addressing the growing demand for local cybersecurity and managed security services.
“With the daily barrage of cyberattacks, it’s time for organizations to take a new view on managing cyber risks,” said Kelly Bissell, who leads Accenture Security globally. “Securing a business ecosystem can’t be piecemeal; it takes the right talent, investments and technology know-how. The acquisition of Sentor further expands our ability to help clients match this challenging cybersecurity environment. We are excited about what we can achieve together to help organizations in Sweden become more resilient.”
Åse Holmberg, Sentor CEO, said, “Maintaining a high cybersecurity posture is not an IT-issue, but a major concern for businesses and organizations around the world. Sentor’s goal has never been to ‘just’ help our clients with cybersecurity. We strive to raise the bar throughout the entire region to ensure organizations in the Nordics have a strong cybersecurity presence. Joining forces with Accenture’s global team will help us towards that goal, and together we can provide an unmatched level of advanced technical skills needed to tackle the cybersecurity challenges of the 21st century. As a result, we not only help clients better defend themselves against the imminent threat adversaries pose but give our employees more opportunities to grow.”
“Sentor has a very strong reputation in the cybersecurity community in Sweden through its long-lasting experience in delivering advanced cybersecurity services to the Swedish market,” said Bala Periasamy, who leads Accenture Security in Sweden. “They have managed to attract exceptional talent and grow a technical security culture that is unique in the industry. We are very excited to welcome this highly talented group of professionals that will strengthen our ability to provide world-class cybersecurity to our clients.”
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services – all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
Accenture Security is a leading provider of end-to-end cybersecurity services, including advanced cyber defense, applied cybersecurity solutions and managed security operations. We bring security innovation, coupled with global scale and a worldwide delivery capability through our network of Advanced Technology and Intelligent Operations centers. Helped by our team of highly skilled professionals, we enable clients to innovate safely, build cyber resilience and grow with confidence. Follow us @AccentureSecure on Twitter or visit us at www.accenture.com/security.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Many of the following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
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