iC Consult Group Acquires ICSynergy
Buyside Advisors to iC Consult Group
7 Mile Advisors Announces iC Consult Group, A Carlyle Group Portfolio Company, Has Acquired ICSynergy
7 Mile Advisors acts as buyside advisor.
CHARLOTTE, NC – iC Consult Group (“iC Consult”), a leading global service and consulting company in the field of Identity & Access Management (IAM), has acquired ICSynergy, a renowned integrator of IAM-based digital transformation solutions. The transaction expands iC Consult’s footprint in the North American market and supports the company’s wider global growth objective. 7 Mile Advisors acted as the buyside advisor to iC Consult throughout the transaction.
“We are honored to play a role in iC Consults U.S. Expansion strategy. The addition of ICSynergy will enhance iC Consult’s breadth and reach as the leading global service provider for IAM consulting. We are excited to continue to assist the team through their efforts to grow the platform even further,” commented Sydney Scadden, Vice President at 7 Mile Advisors.
Founded in 2000 and headquartered in Plano, Texas, ICSynergy offers a wide scope of Advisory, Architecture, Implementation, and Professional Services in IAM. ICSynergy has successfully delivered over 1,000 complex IAM and PAM (Privileged Access Management) projects and closely aligns its solutions with both the business and technology priorities of the customers.
“The addition of ICSynergy marks a major milestone for iC Consult and will significantly strengthen our presence in North America,” explains Jürgen Biermann, CEO of iC Consult Group. “ICSynergy is a successful, established IAM specialist with a strong customer base, a dynamic growth rate, and a comprehensive service offering. We share a similar mindset, and we look forward to unlocking the synergies and to leveraging the strong standing of both companies in the market to generate value for our global customers.”
Mike Thompson, CEO of ICSynergy, adds: “With the acquisition in the books, we are now part of one of the world’s leading pure-play IAM consultancies. This is great news for all our customers: Having access to iC Consult’s expertise, support, and workforce in the region and on a global basis will allow us to optimally address the needs of our clients, and to significantly expand our portfolio. A prime example is the inclusion of iC Consult’s Identity-as-a-Service (IDaaS) offering Service Layers in our solution portfolio. This fully-managed cloud-service delivers seamless identity-first security without any need for dedicated inhouse resources – and is a great option for today’s strained IT teams.”
Brad Kirkpatrick, CEO of iC Consult U.S., says: “I am extremely impressed with ICSynergy’s deep technological understanding and their ability to execute innovative and demanding projects. With their dedicated and experienced practice leaders and consultants and their close partnerships with leading vendors like Okta, One Identity, and Thycotic, they are a great addition to our U.S. business. Combining our expertise across IAM and PAM will bring tremendous value for our existing and new customers.”
Serving as a trusted advisor for all aspects of IAM, iC Consult Group combines a broad portfolio of services and solutions with deep technical expertise. The company, which is held by The Carlyle Group and Jürgen Biermann as the major stakeholders, employs over 500 people at fifteen locations worldwide and is currently rapidly driving the internationalization of its business.
7 Mile Advisors continues to act as a buyside advisor to iC Consult as the company seeks additional acquisitions in the IAM space. For more information on trends in Identity and Access Management, or to see other representative buyside transactions 7 Mile has completed, visit www.7mileadvisors.com.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
About iC Consult
iC Consult Group, headquartered in Munich, Germany, is a leading independent consultancy, systems integrator, and services provider for Identity & Access Management (IAM). The service portfolio covers business and process consulting, architecture, design, implementation, and integration to IAM managed services and identity as a service offerings. The company’s more than 500 employees have successfully delivered over 3,000 projects and managed services for IAM. The iC Consult Group, with its affiliates iC Consult, xdi360, IAM Worx and Service Layers, has offices in Germany, Switzerland, Austria, Spain, Bulgaria, the UK, the U.S., Canada, and China.
More information at www.ic-consult.com.