EY Canada, part of Ernst & Young, has acquired IDMSense, a boutique Digital Identity firm and MSP that offers Privileged Access Management (PAM), Secrets Management, Cloud-based Identity Management services. Financial terms were not disclosed.
This is M&A deal 455 that MSSP Alert and our sister site ChannelE2E has covered so far in 2020. See the full M&A deal list here.
IDMSense's areas of expertise includes:
- Identity & Access Management
- PIM/PAM Solutions (leveraging CyberArk, Lieberman, TPam, BeyondTrust)
- Multifactor Authentication
- Program/Project Management
- Security Operation
- IAM Optimization
IDMSense, based in Toronto, also partners closely with Microsoft, SalePoint, Okta and SSH.com, the company's website says. IDMSense's team will join over 6,000 EY cybersecurity practitioners globally connected in 150 countries to offer advanced Digital Identity solutions, the buyer says.
In a prepared statement about the deal, Linda Williams, EY Canada Managing Partner, Consulting, said:
"Organizations are introducing more users, more data and, as a result, more cybersecurity risk to their businesses every day as digital acceleration advances. Digital Identity solutions are foundational to any information security program, allowing organizations to manage and control access to data. We're excited to welcome top talent into EY to help protect what matters most to our clients."
Added Omer Arshed, IDMSense managing director:
"Joining forces with EY is an opportunity to combine our teams of innovative and agile thinkers to create a more powerful presence in the market. We're proud of the advanced service capability that we've built and now, together with local and global EY networks of skilled cybersecurity practitioners, we look forward to bringing entirely new possibilities to clients."
Concluded Yogen Appalraju EY Canada Cybersecurity Leader:
"As our clients' cyber threat landscape continues to grow, IDMSense's expertise will enhance our capabilities to help businesses better protect against insider threats and external cyber attacks through the lifecycle management of digital identities for their people, systems and services. Having an effective Digital Identity solution can help businesses reduce cyber risk and operational costs, while enhancing digital platforms to improve end-user satisfaction."
Ernst & Young has acquired multiple cybersecurity businesses to round out its expertise in recent years. Examples include Sila Solutions Group and ElevatedPrompt Solutions.
