The deal, terms of which were not disclosed, is part of a global strategy by KPMG to expand the cyber capabilities, and marks the fourth cyber acquisition by the KPMG international network in the past five months.
First Point Global founding partners John Havers and Jan Zeilinga, and a team of 30 professionals, will join KPMG’s Cyber Security leadership team. The combined team, to be known as KPMG First Point Global, will offer clients a full spectrum of cyber services spanning consulting, systems implementation and ongoing support.
“Cyber security is one of the greatest risks facing business today. The critical challenge of protecting information systems and assets, and the reputational and regulatory implications of failing to do so continue to raise the stakes on cyber security and governance,” KPMG’s Global Head of Cyber Security Malcolm Marshall said.
“First Point Global brings a particular strength in placing customer identity management at the heart of our clients’ customer strategies, building revenue as well as managing risk. This, and the other capabilities they bring, are being combined with our own strengths and those of the other acquisitions to make KPMG the clear choice in identity and access management globally.”
KPMG Australia CEO Gary Wingrove said the acquisition of First Point Global deepens the firm’s cyber capability in Australia, and is a “very smart fit for growing client needs and our firm.”
“KPMG is already well positioned with a strong team focused on cyber risk, protection and cyber crime investigations. Now we can offer a much deeper capability by creating one of the leading cyber security consulting groups in Australia.”
According to John Havers, CEO of First Point Global, digital identity and access management have risen in visibility within the corporate hierarchy, “from the backroom to the boardroom”.
“Ten years ago, we were having discussions with technologists about authentication and authorisation. Our discipline then became important for audit, risk and finance to address growing compliance requirements. Today, digital identity and its management underpins customer-facing services which are strategic for the growth and survival of businesses, and C-level executives and boards care about that.”
Globally, KPMG has identified cyber security as one of six strategic growth initiatives for focused investment, and in the past five months has invested substantially internationally in strengthening its cyber capabilities.
Global acquisitions by MPMG have included Qubera, a leading identity and access management consultancy operating in the USA, UK and India, P3 Consulting, a Frankfurt-based security boutique consultancy, and most recently Finnish cyber security business, Trusteq Oy.