The FINANCIAL — KPMG Finland has acquired 100% of Trusteq Oy, a 45 strong Finnish cyber security consulting company specializing in identity and access management services and security transformation projects, according to KPMG International Cooperative.
The move comes shortly after KPMG’s acquisition of two other security businesses – Qubera, a leading identity and access management consultancy operating in the US and UK, with an offshore capability in India and P3 Consulting, a Frankfurt based security boutique.
“The acquisition of Trusteq Oy is aligned with our core business goals, strengthens our ability to meet our clients’ need and provide outstanding client service. KPMG is already well positioned in information security services in many client segments and following the acquisition KPMG will be one of the leading providers of IT security services in Finland. Trusteq’s expertise in managing transformation projects adds to KPMG’s portfolio such strategic know-how that is valuable both to us and our clients.”
The latest move strengthens KPMG’s cyber security strength in Finland, building the team to over 80 professionals and widening their lead over their key competitors. Trusteq’s capabilities will be combined with those of KPMG’s own global team and the leading edge capability brought by the Qubera team that joined late last year, according to KPMG International Cooperative.
Malcolm Marshall, global leader of KPMG’s cyber security practice, says: “Cyber security is one of the greatest risks facing business today. Managing identities effectively is key to unlocking the value that can be created by the digital economy. The successful adoption of the Internet of Things and the benefits it can bring relies on the improved management of the identities of people and things and how they interact with each other. The move bolsters our already excellent position in Finland. By bringing together the expertise of Trusteq, together with our Finnish and global teams, we are in an even stronger position to help clients tackle the threats.”
Chairman of Trusteq Oy, Vesa Halonen considers the transaction as a logical and necessary step in a journey to become more international and the move will enable Trusteq’s capabilities to be brought to benefit more Nordic and global clients.
“Trusteq’s clients are amongst the largest businesses in Finland, many with global operations, so it is logical to take the next step now and ensure the right resources, opportunities and partners to serve both international clients and KPMG’s Finnish clients,” he added.
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