KPMG, a Top 100 MSSP for 2017, has acquired the identity and access management (IAM) business of cybersecurity services provider Cyberinc. The acquisition enables KPMG to bolster its consulting services and increase its digital consumer identity and privileged user management talent and resources, according the companies. Financial terms were not disclosed.
The Cyberinc IAM business includes a 190-person global team with experience in providing advisory, strategy and implementation services, KPMG stated. It also delivers managed services to organizations that want to bolster their enterprise or consumer identity capabilities.
With the addition of Cyberinc's IAM business, KPMG can provide information protection to large enterprises and enable these organizations to pursue new digital interactions and business transformations, KPMG indicated. The acquisition also represents one of several recent moves that could help KPMG further extend its global IAM market reach.
KPMG this week announced a partnership with Ping Identity, an identity-defined security software company. Together, KPMG and Ping Identity will deliver flexible, large-scale consumer and identity access management (CIAM) solutions, according to the companies.
Furthermore, KPMG has partnerships with integrated cloud applications and platform services provider Oracle and SailPoint, a company that offers identity governance and cloud identity management software. These partnerships highlight KPMG's commitment to deliver advanced information protection to enterprises, the company said.
What Does the Acquisition Mean for Cyberinc?
The sale of Cyberinc's IAM business ensures the company can focus exclusively on its Isla web malware isolation appliance, according to CEO Samir Shah.
Isla appliances deliver malware protection for up to 1,800 concurrent end users. They support enterprise endpoint systems, Windows, Mac and Linux, Cyberinc stated, and safeguard users against malware attacks.
Cyberinc is a subsidiary of Aurionpro Solutions, a digital transformation products and solutions provider. The company's IAM solutions have been used to secure over 120 million identities over the past two decades, Cyberinc said.
The Future of the Global IAM Market
KPMG looks poised to capitalize on a global IAM market that could grow over the next few years.
The global IAM market was worth nearly $8.1 billion in 2016, according to market research firm MarketsandMarkets. This sector also is projected to expand at a compound annual growth rate (CAGR) of 12.9 percent between 2016 and 2021 and could be worth approximately $14.8 billion by 2021.