Acquisition Expands KPMG’s Enterprise Security Capabilities and Helps Firm to Meet Emerging Digital Consumer Identity Demand
New York, USA – January, 3, 2018
KPMG LLP has agreed to acquire the Identity and Access Management business of Silicon Valley-based Cyberinc, which provides cyber security solutions globally. Cyberinc, the largest independent identity and access management (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 emerging 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.
“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, U.S. Chairman and CEO of KPMG LLP. “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.”