Accenture’s industry sharking continues with its 40th purchase in ten months.
The outfit wrote a cheque for the cybersecurity firm Sentor, and the company said that it plans to spend $4 billion on M&A by the end of its fiscal year, which ends in August.
CEO Julie Sweet told the gathered throngs at the company’s quarterly earnings report last week that the level of investment demonstrates how scale, experience and trust matters.
“Scale in terms of our financial capacity, experience in terms of our track record [in] the successful integration of approximately 200 companies since 2013, and the trust we have earned in the market that attracts leading companies to want to join the Accenture family”, said Sweet.
Accenture recently reported third fiscal quarter revenue of $13.3 billion, up 21 percent year over year. The company also saw a 24 percent increase in operating income to $2.1 billion.
Accenture’s stock is trading near all-time highs of around $294 per share.
Sweden-based Sentor is a provider of cyberdefense and managed security services. Founded in 1998, Sentor offers advisory services, security testing and managed detection and incident response capabilities, all powered by a 24x7x365 Security Operations Center in Stockholm. Its customer base spans industries such as finance, insurance, manufacturing and retail.
Accenture global security leader Kelly Bissell said that the acquisition of Sentor further expands its ability to help clients match this challenging cybersecurity environment.
Accenture has roughly 569,000 employees on a global basis serving customers in more than 120 countries.
