KPMG LLP has agreed to acquire the Identity and Access Management (IAM) business of Silicon Valley-based Cyberinc, which provides cyber security 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 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 organisations as threats grow in scale and cyber criminals develop new ways to access protected information,” said Lynne Doughtie, chairman and CEO of KPMG LLP in the US. “KPMG’s IAM solutions team can assist clients across all industries in protecting their information and enabling their digital strategies and growth plans.”
Cyberinc’s IAM business is a 190-person global team boasting a significant presence in the US, the UK, India and Australia, with extensive experience of 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 an industry leadership position on the strength of some of the largest IAM deployments globally, investments in IP and an array of premium partnerships,” said Samir Shah, CEO at Cyberinc. “I’m very pleased that Cyberinc’s truly world-class team will continue this journey with KPMG. Cyber threats continue to accelerate and remain a top business risk.”
KPMG’s strong position alongside existing information security alliance partners Oracle and Sailpoint, in tandem with its recently-announced alliance with Ping (more of which anon), is further enhanced by the Cyberinc transaction which better enables information protection for large enterprises while allowing the business to pursue new digital interactions and transformations.
“As organisations innovate and transform their back, middle and front offices, IAM solutions that effectively bridge the gap between risk mitigation and customer experience are key to driving sustainable growth,” said Tony Buffomante, US leader of KPMG’s Cyber Security Services practice. “The addition of the Cyberinc team and capabilities is yet another example of how we’re investing in cyber security and helping clients to succeed on their digital journey.”
Cyberinc is a subsidiary of Aurionpro Solutions Limited, a global technology product and solution provider headquartered in Mumbai, India and San Ramon, California.
The Cyberinc transaction is KPMG’s second acquisition in this area following the October 2014 acquisition of certain assets of Qubera Solutions, a privately-held, Redwood City-based cyber security firm that provides IAM services.
KPMG and Ping Identity deliver consumer IAM solutions
KPMG LLP and Ping Identity, a leader in identity-defined security, has announced an alliance that delivers flexible, large-scale consumer and IAM solutions. These offerings are designed to support enterprise digital transformation initiatives, such as enabling digital commerce, personalising omnichannel interactions, building trust through respecting preferences and providing secure and seamless experiences for employees, business partners and customers alike.
“Driving customer engagement is a top priority for business leaders, and these experiences must be secure and consistent across all channels,” said Jacob Pszonowsky, principal of KPMG Cyber Security Services. “Through our alliance with Ping Identity, we’re expanding and accelerating the creation of customer identity solutions that deliver convenience, personalisation and security for our clients.”
By combining the Ping Identity Platform with KPMG’s knowledge and experience, customers benefit from being able to integrate large-scale identity capabilities on a single platform within existing business systems. With the ability to scale to hundreds of millions of identities, Ping’s unified, standards-based platform provides access management, multi-factor authentication, single sign-on, access security, data governance, directory and data sync capabilities.
Additionally, architectural leading practices of Ping’s consumer and IAM solutions help make compliance with regulations ― like the EU’s upcoming General Data Protection Regulation ― more cost-effective and efficient for KPMG clients.
Ping Identity and KPMG also are making it easier for organisations to determine where and how to implement these identity security capabilities. The alliance is designed to balance user experience, security risk management and operations excellence with the flexibility of Ping’s platform. The platform can be deployed as Identity-as-a-Service, in the enterprise’s private cloud, as on-premises software or in combination for hybrid IT environments.
“Our relationship with KPMG means that we’re helping clients to deliver great experiences with solutions designed for cloud or hybrid IT deployments,” said Dave Packer, senior vice president of field operations at Ping Identity. “As the Ping consumer and IAM offerings increase productivity by using a unified, standards-based platform, customers benefit from simple, secure access to cloud, mobile and enterprise applications.”