Aurionpro Solutions zooms 10%; arm to sell IAM business

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.