Accenture Acquires Sweden's Cybersecurity Company Sentor For Undisclosed Sum

Accenture PLC ACN has acquired Sentor, a Sweden-based independent provider of cyber defense and managed security services.
The financial terms of the transaction remain undisclosed.
Sentor'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 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.
Accenture held $10 billion in cash and equivalents as of May 31, 2021.
Barclays analyst Ramsey El-Assal maintained Accenture with an Overweight rating and raised the price target from $310 to $335.
Price action: ACN shares traded lower by 0.05% at $293.9 in the premarket session on the last check Tuesday.

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