KPMG has acquired German cyber-security business P3, a risk management, security assessment and network protection service provider for financial services companies.

The acquisition has grown KPMG’s cyber security practice to four partners and 100 staff members and follows KPMG’s purchase of Qubera Solutions, an identity and access management (IAM) consultancy, in the UK, US and India.

The latest addition of P3 is likely to grow the firm’s security capabilities in the German market.

KPMG cyber security practice leader Malcom Marshall described cyber security as "one of the greatest risks facing business today."

He said: "Building on our already strong position in Germany makes us more able to protect our clients in the world’s fourth largest economy and globally."

P3 senior executive Hans-Peter Fisher added the acquisition gave the company: "the opportunity to offer our customers even more
comprehensive solutions to the cyber security concerns they face and look forward to helping them manage their risks on an international platform."

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