KPMG has bought out Silicon-Valley based identity and access management (IAM) provider Cyberinc as part of its move to expand its cybersecurity solutions worldwide.
KPMG also says the acquisition will help strengthen its abilities in IAM and will also boost both its talent and resources in the fast-growing areas of digital consumer identity and privileged user management.
While based in the US, Cyberinc has a strong presence in countries including India, Australia and the United Kingdom.
The company provides advisory, strategy, implementation services and managed services for companies that need consumer or enterprise 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,” comments Cyberinc CEO Samir Shah.
As part of the acquisition, up to 25 Cyberinc staff will join KPMG in Australia in order to boost domestic IAM capabilities. The move builds on momentum created by KPMG's 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,” comments KPMG Australia's national lead of Cyber Security Services Gordon Archibald.
“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.
KPMG has been working with alliance partners including IBM, Sailpoint and ForgeRock to further increase its information security offerings for large enterprises.
“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,” Archibald explains.
“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. The financial terms and acquisition details have not been disclosed.