KPMG (U.S. and U.K.) announced the acquisition of certain assets of Qubera Solutions, a privately held cybersecurity firm that provides identity and access management services.
The acquisition of these assets strengthens the KPMG network’s security transformation capabilities in the service areas of Cloud Identity Federation, Identity as a Service, Identity Governance, and IAM solution implementation.
The transaction also positions KPMG (U.S.) as a top deployment partner for IAM solution provider SailPoint.
"As threats from cyber criminals grow in scale, companies are facing a tsunami of new legislative, organizational, and regulatory requirements to ensure that they are managing and protecting their critical information appropriately," stated John Veihmeyer, global chairman of KPMG and CEO of KPMG in the U.S. "These threats force companies to reexamine 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 help clients conceptualize, design, implement, measure and improve their information security programs."
The Qubera management team has experience building, delivering and supporting technology services for Fortune 500 and Global 2000 companies and its IAM analysis team has deep relationships with industry vendors that KPMG will leverage to strengthen its global Information Protection and Business Resilience platform, helping clients safeguard valuable information.
"We are excited to join KPMG's efforts to provide clients the secure information access solutions that can serve as a foundation for their growth and sustainability," stated Prasad Jayaraman, CEO of Qubera Solutions, who will join KPMG as a partner in the firm’s Risk Consulting business. "Access to the KPMG network's deep well of resources and diverse set of advisory capabilities will, in turn, bolster our ability to provide clients with an unparalleled level of service."
Financial terms of the deal, the latest in KPMG’s technology acquisitions after technology consulting firm Zanett Comerical Solutions, digital and mobile technology company Cynergy Systems and analytical solutions company Link Analytics, will not be disclosed.
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