KPMG acquires cybersecurity business Cyberinc, adds 190 experts

05 January 2018 Consultancy.uk

Global professional services network KPMG has acquired cybersecurity business Cyberinc. The purchase sees the Big Four giant add 190 experts to its cybersecurity presences across the US, India, Australia, and the UK.

Silicon Valley-based Cyberinc has entered into an agreement to sell its Identity and Access Management business to KPMG. The practice provides cyber security solutions globally, and is the largest independent identity and access management (IAM) technology provider in the world. Amid growing demand in the cybersecurity space, KPMG has been expanding its capabilities and expertise. Recently, this also saw the hiring of cybersecurity expert David Ferbrache as the firm’s Chief Technology Officer.

Cyberinc offerings include secure, scalable, high performance security products that protect from cyber-attacks, and solutions that help enterprises transition to next generation access management systems. The firm boasts a team of 190 people globally, with significant presence in the US, India, Australia, and the UK.

KPMG acquires cybersecurity business Cyberinc, adds 190 experts

The group’s sale will enhance KPMG's existing capabilities as a leader in information security consulting services, while also bolstering 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. KPMG also enjoys a strong position with existing information security alliance partners Oracle and Sailpoint, which, along with KPMG's recently announced alliance with Ping Identity, will be further enhanced by the transaction with Cyberinc, which will enable information protection for large enterprises while pursuing new digital interactions and business transformations.

Lynne Doughtie, US Chairman and CEO of KPMG said of the deal, "Cyber security remains a top risk to organisations as threats grow in scale and cyber criminals develop new ways to access protected information. 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."

Samir Shah, CEO of Cyberinc, added, "Over the last decade, Cyberinc's IAM business has risen to industry leadership position on the strength of some of the largest IAM deployments globally, investments in IP and an array of premium partnerships. I am 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. This transaction will allow us to sharply focus on Isla - our industry leading Malware Isolation Platform."

KPMG will be looking to use 2018 as an opportunity to further enhance its leadership position in the cybersecurity space. 2017 saw two of its major competitors both caught in cyber breach revelations, and its weakened reputation may present a major opportunity to add new business to its client base. Late in the year, Accenture, the sixth largest cybersecurity and security consultancy in the world, was found to have left a large cache of sensitive information without password protection on their cloud storage.

Earlier in 2017, the globe’s largest cybersecurity consultant, and one of KPMG’s Big Four competitors, Deloitte, was publicly embarrassed following the revelation that it had been victim of a major cybersecurity breach. According to sources close to the matter, hackers may have accessed usernames, passwords and personal details of the firm’s clients, in an attack that went unnoticed for months.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”