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November 14, 2014

KPMG extends German Cyber Security practice

Acquisition of P3 follows recent purchase of Qubera Solutions.

By Ellie Burns

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

The acquisition brings a boost to KPMG’s German Cyber Security practice, adding up to four partners and 100 staff. The P3 acquisition follows KPMG’s recent purchase of the UK, US and Indian assets of Qubera Solutions, a leading Identity and Access Management consultancy.

Malcolm Marshall, global leader of KPMG’s cyber security practice, says: "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, adds: "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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