KPMG recently acquired two cyber security firms to boost its cyber security capabilities in order to better protect its clients from cyber threats. The firm bought UK, US and Indian assets of Qubera Solutions and German firm P3 Consulting + Software. Financial details have not been disclosed.
In the modern interconnected world, with more and more information and sensitive data stored online, cyber security is one of the greatest risks companies face today*. In line with its strategy help clients combat security risks and at the same time boost its cyber security business, professional services firm KPMG recently acquired two cyber security firms. “The ability to provide leading information protection solutions such as identity and access governance, directory services, Cloud governance, authentication and authorization, and application security services supports KPMG’s mission to help clients align their risk appetite with business goals,” explains Mike Nolan, Global Partner-in-Charge for KPMG’s Risk Consulting Services.
Qubera Solutions is an in 2009 established cyber security firm that provides Identity and Access Management (IAM) services. The firm is headquartered in Redwood City, the US, and has remote and on-site delivery capabilities in the US, Europe and Asia. The transaction of Qubera’s UK, US and Indian assets will strengthen KPMG network’s security transformation capabilities in several service areas, including Cloud Identity Federation, Identity as a Service (IDaaS), Identity Governance, and IAM solution implementation. “Our acquisition of certain assets of Qubera means that KPMG adds exceptional technology talent who can address increasing client demand for robust identity and access solutions and stay on pace in becoming a world-leading cyber security practice” comments Malcolm Marshall, Global and UK Head of Information Protection & Business Resilience at KPMG.
Frankfurt-based P3 Consulting + Software, established in 2004, is a cyber-security firm that provides risk management, security assessments and mobile & fixed network protection to clients across the financial services sector. As a result of the acquisition, KPMG’s German Cyber Security practice headcount will increase to four partners and 100 staff, extending their lead over their direct competitors. Building on our already strong position in Germany makes us more able to protect our clients in the world’s fourth largest economy and globally. By bringing the expertise of P3 together with our German and global teams, we are in an even stronger position to help clients tackle and mitigate the threats they face,” says Marshall.
* A recent cyber security research by EY showed that two-thirds of organisations are threatened by cyber security and, although this is recognised by the professionals working at these organisations, more than one-third are not prepared for such a cyber-attack.