Accenture acquires IAMConcepts to boost identity security and safeguard Canada’s critical industries amid rising AI-driven cyber threats.
Accenture has acquired IAMConcepts, a privately held Canadian company specializing in identity and access management (IAM) services. The acquisition will bolster Accenture’s ability to deliver advanced IAM solutions in Canada across key critical infrastructure industries such as financial services, power utilities, mining and transportation.
Headquartered in Toronto, Canada, with talented employees across the country, IAMConcepts provides end-to-end IAM services, including Identity Governance and Administration, Privileged Access Management and Customer Identity and Access Management. The company serves some of Canada’s largest banks, along with leading insurance companies, higher education and critical infrastructure organizations. Since its founding in 2013, IAMConcepts has completed hundreds of IAM projects for clients.
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“As AI accelerates the threat landscape, organizations must rethink their approach to identity security. Yet most identity and access management programs still focus predominantly on human users,” said Paolo Dal Cin, global lead, Accenture Cybersecurity. “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.”
According to Accenture’s Research for State of Cybersecurity Resilience 2025 report, two-thirds (67%) of organizations continue to rely on legacy IAM systems, limiting their ability to support modern security, scalability and user experience requirements[1]. This underscores the critical importance of identity security as a foundation for digital trust, innovation and business growth.
“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,” said Fahad Kabir, CEO at IAMConcepts. “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.”
Kristine Osgoode, Canada lead, Accenture Cybersecurity said: “Cyberattacks can have devastating consequences on Canadian organizations and the country’s economy, safety and national security. As threats continue to grow more complex, strengthening identity security is crucial to a strong digital core and proactive risk management. Together with IAMConcepts, we will continue to partner with our clients as a strategic enabler, bringing a robust team with deep technical proficiency, strong ecosystem partnerships and innovation that drives trust and long-term success.”
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The acquisition of IAMConcepts will be the latest in a series of strategic moves by Accenture to expand its cybersecurity capabilities and solutions. Since 2015, Accenture has made 22 acquisitions in the cybersecurity sector including most recently CyberCX, Morphus and MNEMO Mexico.
Recently, IAMConcepts was recognized in the 2024 KuppingerCole North American Leadership Compass report on IAM systems integrators. Additionally, Accenture has been positioned as a Leader in Everest Group’s Identity and Access Management Services Peak Matrix ® assessment, 2023.
The terms of the acquisition were not disclosed.
