Global consultancy business KPMG is investing in cybersecurity capability by buying the identity and access management business of Cyberinc for $32.71m.
Cyberinc, which provides cyber security solutions globally, will enhance KPMG’s existing capabilities as in information security consulting services and expand its ability to provide clients with ‘emerging and more agile’ IAM solutions according the firm.
The deal also bolsters KPMG’s talent and resources in the area of digital consumer identity and privileged user management.
“Cyber security remains a top risk to organizations as threats grow in scale and cyber criminals develop new ways to access protected information,” said Lynne Doughtie, US chairman and CEO of KPMG. “KPMG’s identity and access management solutions team can assist clients, across all industries, protect their information and enable their digital strategies and growth plans.”
The transaction represents KPMG’s second acquisition in this area, following the October 2014 acquisition of certain assets of Qubera Solutions, a privately-held cyber security firm that provides IAM services.
Along with KPMG’s recently announced deal with Ping Identity, the leader in Identity Defined Security, Cyberinc will better enable information protection for large enterprises while pursuing new digital interactions and business transformations.
Cyberinc, a subsidiary of Aurionpro Solutions Limited, offers secure, scalable, high performance security products that protect from cyber-attacks, and solutions that help enterprises transition to next generation access management systems. Its flagship product offering, the Isla Malware Isolation platform claims to help deliver complete freedom from web-based malware attacks.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
