KPMG LLP (US) and KPMG LLP (UK) have acquired certain assets of Qubera Solutions, a leading privately-held cyber security firm that provides identity and access management services to Fortune 500 and Global 2000 companies.
The transaction strengthens the KPMG network’s security transformation capabilities in several service areas, including Cloud Identity Federation, Identity as a Service (IDaaS), Identity Governance and Identity and Access Management (IAM) solutions implementation.
Additionally, the acquisition of certain assets of Qubera Solutions elevates KPMG LLP (US) to become a top deployment partner for SailPoint, the leader in the 2013 Gartner Identity Governance and Administration Magic Quadrant.
“As threats from cyber criminals grow in scale, so companies are facing a tsunami of new legislative, organisational and regulatory requirements they must meet in order to ensure they’re managing and protecting their critical information appropriately,” said John Veihmeyer, global chairman of KPMG and chairman and CEO of KPMG in the US.
“These threats inevitably force companies to re-examine their potential vulnerabilities and seek counsel from experienced global providers. This is where KPMG’s Identity and Access Management solutions teams fit in, working across a multitude of industries to assist clients in conceptualising, designing, implementing, measuring and improving their information security programs.”
IAM services have become integral to maintaining sustainable operations across many industries, among them financial services, healthcare and life sciences, technology, telecommunications, energy, consumer and retail as well as higher education.
Qubera’s experienced IAM analysis team and deep relationships with leading industry vendors will complement the KPMG network’s global Information Protection and Business Resilience platform, in turn strengthening the firm’s ability to help clients safeguard valuable information.
Building, delivering and supporting technology services
The Qubera management team has extensive experience of building, delivering and supporting technology services for leading organisations worldwide, while its consultants are among the most highly regarded in their specialities.
In addition, the company’s services portfolio leverages leading technical expertise and strategic partnerships to deliver effective results in the areas of enterprise business solutions, portal and content management and service-oriented architecture.
“We’re excited to join KPMG’s efforts in providing clients with the secure information access solutions that can serve as a foundation for their growth and sustainability,” said Prasad Jayaraman, CEO of Qubera Solutions. “Access to the KPMG network’s deep well of resources and diverse set of advisory capabilities will help bolster our ability to provide clients with an unparalleled level of service.”
Mike Nolan – global partner-in-charge for KPMG’s Risk Consulting Services – added: “The ability to provide leading information protection solutions such as identity and access governance, directory services, cloud governance, authentication and authorisation as well as application security services supports KPMG’s mission to help clients align their risk appetite with ongoing business goals.”
Malcolm Marshall, KPMG’s global and UK head of information protection and business resilience, stated that the deal results in continuous growth in capabilities and resources across the local market.
“Our acquisition of certain assets of Qubera means that KPMG is adding exceptional technology talent in the form of individuals able to address increasing client demand for robust identity and access solutions,” said Marshall. “We can stay on pace in becoming a world-leading cyber security practice.”
*Financial terms of the agreement will not be disclosed