3rd cyber security acquisition for KPMG in 2 months

15 January 2015 Consultancy.uk 2 min. read

KPMG has acquired Trusteq Oy, a Finland-based cyber security business. 45 employees of Trusteq Oy’s join KPMG’s local practice, strengthening in particular the firm’s security management capabilities.

Trusteq Oy is a 45 man strong Finnish cyber security consulting company that specialises in identity and access management services, as well as security transformation projects. Improving and protecting the Digital Identity of corporates and persons is the firm’s core business.

Earlier this week, KPMG announced that it has acquired 100% of Trusteq Oy. The move improves KPMG’s business presence in Finland, building the team to over 80 professionals, which according to the firm will widen its lead over their key competitors. For the Big Four the acquisitions represents the third addition in the cyber space in the space of a few months – in November last year KPMG poached Qubera, a leading identity and access management consultancy operating in the US and UK, with an offshore capability in India, and Frankfurt-based P3 Consulting.

KPMG acquired Trusteq Oy

In addition to boosting the local Finnish business, Trusteq Oy’s capabilities will be combined with KPMG’s global team, including the Qubera team. “The acquisition of Trusteq Oy is aligned with our core business goals, strengthens our ability to meet our clients’ need and provide outstanding client service. KPMG is already well positioned in information security services in many client segments and following the acquisition KPMG will be one of the leading providers of IT security services in Finland. Trusteq’s expertise in managing transformation projects adds to KPMG’s portfolio such strategic know-how that is valuable both to us and our clients,” comments Raija-Leena Hankonen, CEO of KPMG Finland.

Vesa Halonen, Chairman of Trusteq Oy, considers the transaction as a logical and necessary step, saying that, “Trusteq’s clients are amongst the largest businesses in Finland, many with global operations, so it is logical to take the next step now and ensure the right resources, opportunities and partners to serve both international clients and KPMG’s Finnish clients.”

Other recent acquisitions by KPMG globally include enterprise trend detection firm Bottlenose and European-based Microsoft Dynamics expert Crimsonwing.