KPMG Acquires German Cyber Security Firm

KPMG has completed the acquisition of P3, a privately-owned German cyber-security firm that provides risk management, security assessments, and mobile and fixed network protection to clients across the financial services sector.

The acquisition of the Frankfurt-based business brings KPMG’s German cyber security practice up to four partners and 100 staff. The move further strengthens KPMG teams across the world to serve global clients, particularly in the key financial services market.

Acquisitions

KPMG’s purchase of P3 follow on from its acquisition of the UK, US and Indian assets of Qubera Solutions, an identity and access management consultancy.

Malcolm Marshall, global leader of KPMG’s cyber security practice, said: “Cyber security is one of the greatest risks facing business today. Building on our already strong position in Germany makes us more able to protect our clients in the world’s fourth largest economy and globally. By bringing the expertise of P3 together with our German and global teams, we are in an even stronger position to help clients tackle and mitigate the threats they face.”

Hans-Peter Fischer, senior executive at p3, commented: “The integration into the global KPMG network raises our offering to a new level. We now have the opportunity to offer our customers even more comprehensive solutions to the cyber security concerns they face and look forward to helping them manage their risks on an international platform.”

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