Accenture has acquired IAMConcepts, a Canadian company specialising in identity and access management (IAM) services, for an undisclosed sum.

The acquisition is intended to strengthen Accenture’s cybersecurity offerings in Canada, and improve its ability to deliver advanced IAM solutions across key industries, including financial services, power utilities, mining, and transportation.

Accenture Cybersecurity global lead Paolo Dal Cin said: “As AI accelerates the threat landscape, organisations must rethink their approach to identity security. Yet most identity and access management programs still focus predominantly on human users.

“By combining IAMConcepts’ technical skills and critical infrastructure knowledge with Accenture’s end-to-end cybersecurity services and expertise, we will help our clients to secure digital identities through a more holistic approach to threat detection.”

IAMConcepts, based in Toronto, was founded in 2013. It offers services such as identity governance and administration, privileged access management, and customer identity and access management among others.

According to the company website, IAMConcepts has assisted more than 300 clients in 700+ IAM projects throughout North America and Europe.

IAMConcepts CEO Fahad Kabir said: “Agentic and generative AI has completely changed the game on both sides of the fight, making strong and robust IAM protections even more critical for business resilience.

“We are excited to join the Accenture team, expanding our capabilities to help protect clients as they navigate this new arena, where hackers and cyber threats may no longer just be a real person behind a keyboard.”

The acquisition of IAMConcepts is part of Accenture’s ongoing strategy to expand its cybersecurity capabilities.

Since 2015, the company has acquired 22 companies in the cybersecurity sector, including CyberCX, Morphus, and MNEMO Mexico.