KUALA LUMPUR: EY has acquired Xynapse Sdn Bhd and Xynapse Asia Sdn Bhd (collectively, Xynapse), entities based in Malaysia that are in the identity and access management implementation and managed services business.
In a statement, EY said the acquisition complemented the service offerings of EY Identity Pty Ltd (formerly known as Open Windows Australia Pty Ltd) in Australia which became part of EY in August 2017.
Xynapse will take on the EY brand and all its employees will become part of the 10,000 EY Advisory consultants in Asia-Pacific to play a leading role in providing identity and access management services to businesses and governments across the region.
“Cybersecurity is a key growth driver for EY. The acquisition of Xynapse will enhance the strong EY capabilities in cybersecurity and digital transformation. It will also contribute towards accelerating the growth of EY cybersecurity services across Asean and the Asia-Pacific region, and achieving our goal of being number one in cybersecurity consulting services in Asia-Pacific by 2020,” EY Asia-Pacific Advisory Leader Iain Burnet said in the statement.
“With this acquisition, EY will be well-positioned to establish an identity and access management services hub in Asean, offering expanded identity services and approaches, and to take on large and complex identity management implementations in Asean and the Asia-Pacific region.”
With the acquisition of Xynapse, the expanded EY service offering will include the establishment of an identity and access management delivery and managed services hub in Asean, providing clients with powerful insights and end-to-end advice to support the delivery of their strategic digital goals.
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