Acquisition expands KPMG’s Enterprise Security capabilities and helps firm to meet emerging digital consumer identity demand.
KPMG LLP has agreed to acquire the Identity and Access Management (IAM) business of Silicon Valley-based Cyberinc, which provides cybersecurity solutions globally. Cyberinc, the largest independent IAM technology provider in the world, will enhance KPMG’s existing capabilities as a leader in information security consulting services and expand the firm’s ability to provide clients with newer and more agile IAM solutions. The transaction also bolsters KPMG’s talent and resources in the rapidly growing area of digital consumer identity and privileged user management, which are evolving security-focused capabilities to enhance important elements of customer-engagement.
Formed following the acquisition of a startup founded by former SpaceX CIO, Branden Spikes, Cyberinc’s IAM business is a 190-person global team with significant presence in the US, India, Australia and the UK. In Australia, up to 25 Cyberinc staff will join KPMG, further boosting the domestic firm’s significant IAM capabilities following its acquisition of First Point Global in March 2015.
“Cybersecurity remains a top risk to organisations as threats grow in scale and cyber criminals develop new ways to access protected information,” said Gordon Archibald, National Lead, Cyber Security Services, KPMG Australia. “Cybersecurity also presents an opportunity for enterprises to find new growth engines and innovate amid this disruption. KPMG’s IAM solutions team can help clients across all industries to protect their information and ensure that these security efforts enable their digital strategies and growth plans.”
Cyberinc has extensive experience providing advisory, strategy, implementation services, and managed services for organisations that need to transform their enterprise or consumer identity capabilities.
“Over the last decade, Cyberinc’s IAM business has risen to industry leadership position on the strength of some of the largest IAM deployments globally, investments in IP and an array of premium partnerships. I am very pleased that Cyberinc’s truly world class team will continue this journey with KPMG,” said Samir Shah, CEO, Cyberinc.
KPMG’s strong position with existing alliance partners Sailpoint, Axway and IBM in this space, along with KPMG’s recently announced alliance with ForgeRock, will be further enhanced by the transaction with Cyberinc to better enable information security for large enterprises while pursuing new digital interactions and business transformations.
“As organisations innovate and transform their back, middle and front offices identity and access management solutions that effectively bridge the gap between risk mitigation and customer experience are key to driving sustainable growth,” said Archibald. “The addition of the Cyberinc team and capabilities is yet another example of how KPMG is investing in cyber security and helping clients succeed on their digital journey and build digital trust across the enterprise and with their clients.”
Cyberinc is a subsidiary of Aurionpro Solutions Limited – a global technology product and solution provider headquartered in Mumbai, India and San Ramon, California.
Financial terms of the transaction will not be disclosed.
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KPMG LLP is the independent US member firm of KPMG International Cooperative (KPMG International). KPMG is a global network of professional services firms providing Audit, Tax, and Advisory services. We operate in 154 countries and have 197,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
Cyberinc offerings include secure, scalable, high performance security products that protect from cyber-attacks, and solutions that help enterprises transition to next generation access management systems. Our flagship product offering, the Isla Malware Isolation platform can help deliver complete freedom from web based malware attacks. Combining our best in class products and services enables clients to effectively address their toughest cyber security challenges. For more information, please visit www.cyberinc.com