It also expects the move to add to KPMG’s talent and resources in the burgeoning areas of digital consumer identity and privileged user management.
“Cyber security remains a top risk to organisations as threats grow in scale and cyber criminals develop new ways to access protected information,” said KPMG US chairman and CEO Lynne Doughtie.
“KPMG’s identity and access management solution team can assist clients, across all industries, protect their information and enable their digital strategies and growth plans.”
Cybernic employs 190 people globally, with a significant presence in the US, India, Australia and the UK.
Additionally, the business provides advisory, strategy, implementation services for organisations that are looking to change their enterprise or consumer identity capabilities.
Cybernic CEO Samir Shah welcomed the change. “Cyber threats continue to accelerate and remain a top business risk. This transaction will allow us to sharply focus on Isla – our industry leading Malware Isolation Platform,” he said.
This is the second acquisition KPMG has made in the area. In 2014, the Big Four firm acquired certain assets of another IAM services provider, Qubera Solutions, in Redwood City, California.
Cyber security has become a top priority for firms in recent times. Last September, Big Four firm Deloitte suffered a cyber attack, which was later revealed to be worse than first feared with some client information becoming compromised.