Aurionpro Solutions zooms 10%; arm to sell IAM business

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Aurionpro Solutions Ltd announced that its Cyberinc, an Aurionpro subsidiary, entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business.

Cyberinc’s IAM business is a 190-person global team with significant presence in the U.S., India,Australia, and the U.K., and extensive experience providing advisory, strategy, implementation services, and managed services for organizations that need to transform their enterprise or consumer identitycapabilities.

“Over the last decade, Cyberinc’s IAM business has risen to industry leadership position on the strength of some of the largest IAM deployments globally, investments in IP and an array of premium partnerships. I am very pleased that Cyberinc’s truly world class team will continue this journey with KPMG,” said Samir Shah, CEO, Cyberinc.

The transaction is expected to close on January 31st 2018.

The stock was higher by 10% at Rs. 273.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com