NEW YORK, LONDON, and REDWOOD CITY, Calif., Oct. 2, 2014 /PRNewswire/ -- KPMG LLP (U.S.) and KPMG LLP (UK) have acquired certain assets of Qubera Solutions ("Qubera"), a leading privately-held cybersecurity firm that provides identity and access management ("IAM") 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 IAM solution implementation. Additionally, the acquisition of certain assets of Qubera Solutions elevates KPMG LLP (U.S.) 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, companies are facing a tsunami of new legislative, organizational, and regulatory requirements to ensure that they are managing and protecting their critical information appropriately," said John B. Veihmeyer, Global Chairman of KPMG and Chairman and Chief Executive Officer 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."
IAM services have become integral to maintaining sustainable operations across many industries, including financial services, healthcare and life sciences, technology, telecommunications, energy, consumer and retail, and 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, strengthening the firm's ability to help clients safeguard valuable information.
The Qubera management team has extensive experience building, delivering and supporting technology services for leading organizations worldwide, and its consultants are among the most highly regarded in their specialties. Additionally, the firm's services portfolio leverages leading technical expertise and strategic partnerships to deliver effective solutions in the areas of Enterprise Business Solutions, Portal & Content Management, and Service-Oriented Architecture.
"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," said Prasad Jayaraman, CEO of Qubera Solutions. "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."
"The ability to provide leading information protection solutions such as identity and access governance, directory services, Cloud governance, authentication and authorization, and application security services supports KPMG's mission to help clients align their risk appetite with business goals," said Mike Nolan, Global Partner-in-charge for KPMG's Risk Consulting Services.
Malcolm Marshall, Global and UK Head of Information Protection & Business Resilience, added that the deal results in continuous growth in capabilities and resources in the local market. "Our acquisition of certain assets of Qubera means that KPMG adds exceptional technology talent who can address increasing client demand for robust identity and access solutions and stay on pace in becoming a world-leading cyber security practice," Marshall said.
Financial terms of the agreement will not be disclosed.
The Qubera Solutions transaction is the most recent technology-related KPMG LLP (U.S.) acquisition, following the acquisitions of Cincinnati-based technology-consulting firm Zanett Commercial Solutions, digital and mobile technology company Cynergy Systems, and analytical solutions company Link Analytics LLC.
About KPMG LLP (U.S.)
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 155,000 professionals, including more than 8,600 partners, in 155 countries.
About KPMG LLP (UK)
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
About KPMG International
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 155 countries and have 155,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG gains from the acquisition:
- Premier IT Security personnel and clients
- KPMG LLP (U.S.) becomes a top deployment partner for SailPoint®.
- Enhances alliance with Oracle.
- Improved ability to meet growing technology-enabled Transformation demand
Qubera gains from the acquisition:
- Increased ability to compete for and win larger, strategic client assignments
- Access to the deep resources and relationships across the KPMG network
- Synergies with KPMG's expansive service portfolio and global platform
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SOURCE KPMG LLP