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Cybersecurity M&A: iC Consult Group Acquires IAM Specialist Kapstone

Two miniature figurine businessmen are handshaking on a stack of United States coins. It conceptually represents a financial business deal. Silhouette on blue background.

iC Consult Group, a managed IT services provider (MSP) backed by private equity firm The Carlyle Group, has purchased identity and access management (IAM) services company Kapstone Technologies for an undisclosed sum.

This is technology M&A deal number 870 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.

iC Consult, founded in 1999, is based in Munich, Germany. The company has 507 employees listed on LinkedIn. iC Consult's areas of expertise include IAM, customer data management and managed services.

Kapstone, founded in 2017, is based in Reston, Virginia. The company has 19 employees listed on LinkedIn. Kapstone's areas of expertise include management consulting and program management.

iC Consult Expands Its Managed Services

Kapstone bolsters iC Consult's managed services and its capacity and ability to execute in the United States, iC Consult CEO Jürgen Biermann said. It also provides iC Consult with access to a team of IAM experts in India that can help the company expand globally.

In addition, iC Consult will help Kapstone deliver "critical, transformative, scalable and resilient IAM solutions," Kapstone managing partner Harish Jangada said. It allows Kapstone to offer its IAM services to global organizations.

iC Consult Eyes Strategic IAM Acquisitions

Kapstone marks iC Consult's third strategic IAM acquisition. Previously, iC Consult in January 2021 purchased IAM providers SecureITsource and ICSynergy. Since that time, iC Consult has provided pure-play IAM services.

iC Consult is the "largest vendor-independent IAM system integrator," according to the company. It offers managed services for IAM platforms from ForgeRock, Okta and other cybersecurity companies. iC Consult also provides a partner program and continues to explore partnership opportunities.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.