EY Identity Bolsters Cybersecurity with J Group Consulting Acquisition

EY Identity (EYI), a subsidiary of the Big Four accounting firm Ernst & Young, has made a significant move to strengthen its cybersecurity offerings in Oceania. The firm recently acquired J Group Consulting, a Melbourne-based specialist in privileged access management (PAM) and cybersecurity consulting. This acquisition is poised to reshape the Oceania cybersecurity landscape, boosting EYI's capabilities and expertise.

Expanding EYI's Identity and Access Management Capabilities

The acquisition of J Group Consulting directly addresses the growing demand for robust identity and access management (IAM) solutions. J Group Consulting, founded in 2022 by Joel Harris, has quickly established a strong reputation for its expertise in PAM, a critical aspect of cybersecurity focused on securing privileged accounts within organizations. Their team of 20 highly skilled professionals, based primarily in Melbourne and Sydney, bring a wealth of experience in strategy, implementation, optimization, and engineering services across the Asia-Pacific region.

A Strategic Move in a Competitive Market

EYI's decision to acquire J Group Consulting reflects the increasing importance of cybersecurity in today's digital world. Richard Watson, EY Global & Asia-Pacific Cybersecurity Consulting leader, highlights the strategic significance of this acquisition. He emphasizes the acquisition's contribution to strengthening EY's cybersecurity practice with specialized skills in a highly competitive market, placing EYI at the forefront of the Oceania market's identity and privileged access management capabilities. The acquisition also directly responds to the increased investment by clients in identity and privileged access management to safeguard critical IT and operational technology systems. This surge in investment is further fueled by the recent introduction of legislation concerning critical infrastructure in Australia, driving widespread implementation of enhanced security measures.

J Group Consulting: A Powerful Addition to EYI

J Group Consulting’s success stems from its focus on attracting and cultivating highly skilled privileged access management practitioners. The company's impressive track record includes being named CyberArk's Asia Pacific growth partner of the year just one year after its establishment. This recognition underscores the team's exceptional capabilities and dedication to providing leading-class services. The acquisition not only brings experienced professionals to EYI but also enhances the firm's ability to scale its transformation delivery and managed services, aligning with the rapid growth of the digital identity and cybersecurity market.

A Seamless Transition and Shared Vision

Joel Harris, founder of J Group Consulting, will join Ernst & Young Australia as a partner, bringing his team of 20 with him. Harris emphasizes the exciting evolution this represents for J Group Consulting, allowing them to leverage their existing strengths while benefiting from EYI's global resources and reach. This shared vision for excellence, coupled with the commitment to maintaining a human-centric approach to problem-solving, ensures a smooth transition and continued high-quality service for clients.

Shaping the Future of Cybersecurity in Oceania: A Collaborative Effort

The acquisition of J Group Consulting marks a significant investment by EYI in the future of cybersecurity in Oceania. By combining the expertise of two leading organizations, EYI is better positioned to address the increasingly complex cybersecurity challenges faced by businesses in the region. The integration of J Group Consulting's specialized skills and innovative approach to privileged access management complements EYI's existing capabilities, creating a synergistic relationship poised for substantial growth and success. David Larocca, EY regional managing partner and CEO for Oceania, expressed his enthusiasm at welcoming the J Group Consulting team, recognizing that this expansion further enhances EYI’s cybersecurity capabilities in the region and actively supports EY's ambition to shape the future with confidence. The combined strength of EYI and J Group Consulting’s skills and experience is setting a new standard for cybersecurity in Oceania.

This acquisition underscores the importance of proactive measures to protect critical IT and operational technology systems, not just in Australia but throughout the Oceania region. The future of cybersecurity is one of continuous improvement and collaboration. This significant step by EYI strengthens its position to meet the ever-evolving challenges of the digital age, offering robust, innovative solutions to keep businesses secure and competitive.