Deloitte acquires Vancouver cyber-security firm

Purchase of Integrity-Paahi Solutions is firm's 18th transaction in sector
Deloitte intends to make Integrity-Paahi Solutions' Dunsmuir location it’s fourth managed security operation centre in Canada.

Deloitte is expanding the national reach of its cyber-security practice with the purchase of the Vancouver-based Integrity-Paahi Solutions Inc. (IPS).

The professional services giant purchased the information security firm to provide local support to its clients in western Canada.

“IPS provides us with instant scale in Western Canada and establishes a single place for our clients to access the full suite of solutions,” said Nick Galletto, leader of Deloitte’s cyber-risk services in Canada, in a press release.

Deloitte currently offers IT security services through its cyber-intelligence centres in Calgary, Toronto and Montreal. Deloitte intends to make IPS’s Dunsmuir location it’s fourth managed security operation centre.

Deloitte is capitalizing on a larger trend in Canadian business. A study revealed Canada was woefully behind when it came to adopting cyber security practices and technologies. Out of the 18 countries evaluated, Canada was among the top three for slowest adopters of effective security methods, according to the survey contracted by international data storage firm EMC and conducted by Vanson Bourne, a technology market research firm.

Deloitte has grown their cyber risk practice with a series of strategic investments in Canadian cyber-security firms. This deal marks the firm’s 18th transaction in the last five years. In 2014, Deloitte purchased the Calgary-based cyber-security company Urgentis Digital Crisis Solutions Inc. Since then, Deloitte’s Cyber risk practice has become three times the size it was two years ago.

IPS is looking at the Deloitte acquisition as an opportunity to grow, giving them access to larger talent pools, greater resources and a consumer base that now spans nation wide.

“Recently we felt like we were at a crossroads,” said Karim Ladha, president and CEO of IPS, in a press release. “Stay the course or take the exciting opportunity to join Deloitte? We chose to join Deloitte, enabling us to grow and expand our offering.”

Joining Deloitte also affords IPS access to a global network of cyber intelligence centres that help firms around the world secure networks, as well as detect and respond to threats.

news@biv.com

comments powered by Disqus

More from Technology

B.C. tech sector generates over $26 billion per year: Deloitte

According to the report, British Columbia has the fastest-growing tech sector and workforce in Canada   

Read Article

Ottawa’s new immigration program sparks talent pool debate

Global Skills Strategy aims to streamline entry into Canada for skilled foreign tech workers

Read Article

S2G Biochemicals Inc. to open $20 million biorefinery plant in Ontario

The Vancouver-based start-up company has announced plans for a new facility that will vastly increase production power

Read Article

Software firm eyes expansion with products tailored to First Nations market

Read Article

B.C. tech could cash in on Canada’s defence plan

Ottawa pledges 73% increase in military spending over the next 10 years

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×