Accenture Acquires Canadian IAM Specialist IAMConcepts to Support Cybersecurity in Critical Infrastructure

Accenture (NYSE:ACN) is one of the best innovative stocks to buy now. On September 9, Accenture announced the acquisition of IAMConcepts, which is a privately held Canadian company that specializes in Identity and Access Management/IAM services. The acquisition will support Accenture’s capacity to deliver advanced IAM solutions across Canada, particularly within key critical infrastructure sectors.

The acquisition brings Accenture highly specialized and credentialed talent and enhances industry solutions. IAMConcepts provides end-to-end IAM services, including Identity Governance and Administration, Privileged Access Management, and Customer Identity and Access Management. According to Accenture’s Research for State of Cybersecurity Resilience 2025 report, two-thirds (67%) of organizations still rely on legacy IAM systems.

The acquisition of IAMConcepts is Accenture’s latest strategic move to expand its cybersecurity capabilities; since 2015, the company has made 22 acquisitions in the cybersecurity sector, including CyberCX, Morphus, and MNEMO Mexico most recently. IAMConcepts was also recently recognized in the 2024 KuppingerCole North American Leadership Compass report on IAM systems integrators.

Accenture (NYSE:ACN) provides strategy and consulting, industry X, song, and technology and operation services in North America, Europe, the Middle East, Africa, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.