EY acquires Xynapse and Xynapse Asia
By Digital News Asia September 26, 2018
- Xynapse will take on the EY brand; employees will become part of the APAC EY Advisory consultants
- EY will be well-positioned to establish an identity and access management services hub in Asean
EY ANNOUNCES the acquisition of 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. The acquisition complements 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.
Iain Burnet, EY Asia-Pacific Advisory leader says: “Cyber-security is a key growth driver for EY. The acquisition of Xynapse will enhance the strong EY capabilities in cyber-security and digital transformation. It will also contribute towards accelerating the growth of EY cyber-security services across Asean and the Asia-Pacific region, and achieving our goal of being number one in cyber-security consulting services in Asia-Pacific by 2020.
“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.”
Richard Watson (pic, above), EY Asia-Pacific Cybersecurity leader, says: “There is a rising demand from clients in Malaysia and the region for identity and access management services, and EY is committed to continuously grow and develop the EY identity management and advisory capabilities to better respond to this demand.
“Xynapse’s identity and access management services platform will be integrated into EY’s proven platform, allowing EY to continue to offer end-to-end identity and access management capabilities to clients. With the addition of Xynapse’s executional and technical identity management abilities to the EY suite of cyber-security advisory services, we can better help EY clients with trusted advice and the capability to navigate the cyber-security risks in their respective industries.”
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.
Chow Sang Hoe, EY Asean Advisory leader, says: “We have been impressed with the people, solutions and clients of Xynapse. Xynapse has an excellent reputation among clients and vendors for identity and access management services, and its people possess skillsets to deliver capabilities across a range of software vendors’ products. Their unique skills, dynamic leadership and strong team fit well with the EY culture.
“In addition, the combination of the EY footprint and consulting capability with Xynapse’s depth in identity and access management will enable us to continue to bring a compelling and powerful value proposition to the market and to clients. We are excited about the impact we will have in continuing to help EY clients solve their most complex cybersecurity issues.”
Following the completion of this acquisition, Joseph Chan (pic, right), CEO of Xynapse, will join EY Identity Sdn Bhd as a Partner and will lead the EY Asean Identity Delivery Hub.
Chan says: “I am excited about this opportunity to be part of the Cybersecurity practices in EY. Xynapse has worked closely with EY in a number of client engagements previously and there is a good cultural fit between both organisations. The EY footprint and network across the globe provide tremendous opportunities for the people of Xynapse to replicate our success on a broader scale. We look forward to bringing a number of exciting new services to the market in the coming months.”
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