Home Cyber PwC builds identity and access management capability with acquisition of Praxism UK

PwC builds identity and access management capability with acquisition of Praxism UK

by Brian Sims

PwC is strengthening its fast-growing cyber security practice with the acquisition of Praxism, an Edinburgh-based consultancy specialising in identity and access management.

Praxism is renowned for solutions designed to effectively tackle the staff, customer and consumer identity management problems faced by many of today’s organisations. Praxism’s founder and director, Derek Gordon, and 13 employees will now join PwC’s Edinburgh office, with one specialist located in the Leeds office.

Managing user identity is a critical aspect of all security strategies, and is a commonly cited audit issue among corporates. Praxism, which was founded in 2008, has been helping organisations tackle these technology challenges, with specialists working across a range of industries and sectors including the public sector, healthcare, education and the financial services arena.

James Chalmers, UK head of assurance at PwC, commented: “With more high profile breaches inevitably making the news, cyber risk continues to be a focal point for Boards. It’s unlikely that this situation will change in the short-to-medium term. For corporates, one of the most cited audit issues is managing user identity. This is more than just a basic technology control as it enables firms to drive their digital business within a controlled risk environment.”

Chalmers continued: “Derek and the members of the Praxism team really are at the top of the league in this specialist area and, as a result, I believe they’re an exceptional addition to our rapidly-growing cyber security business.”

Derek Gordon responded by stating: “I’m delighted that Praxism is joining forces with PwC. The opportunity this affords our people and our business is outstanding, and clearly recognises the shared culture and values between our respective organisations.”

Gordon added: “On a personal note, building Praxism into the business it is today has been a hugely rewarding experience. I now look forward to working alongside Colin Slater and Richard Horne in identifying and developing new growth opportunities for this strand of PwC’s cyber practice, and to working with the cyber security team here in the UK and, indeed, across its global network.”

Complex identity and access problems

Colin Slater, digital and cyber partner at PwC in Scotland, commented: “This acquisition provides a major catalyst from which to expand our operations and build on our position as a trusted partner dedicated to solving complex identity and access problems.”

Slater explained to Risk UK: “From the outset, it was clear that Praxism not only had an outstanding reputation in the marketplace, but also shared similar growth aspirations and core values of doing the right thing for the customer and delivering high quality work. Complementing and consolidating our existing identity and access management capability led by Richard Mardling, this move allows us to strengthen our strategic expertise and technology insight and solutions such that we can better solve our clients’ problems and help build trust in the digital age.”

In conclusion, Slater outlined: “The acquisition will also significantly expand our cyber security team in Scotland, with a particular focus on our key markets including the utilities, financial services, energy and the public sector. We’ve already enjoyed a long and innovative working relationship with the Praxism team, and we’re delighted to have them on board.”

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