Praxism folded into big four firm

PwC buys Edinburgh cyber security specialist

PraxismPwC is strengthening its cyber security practice with the acquisition of Praxism, an Edinburgh-based consultancy specialising in staff, customer and consumer identity management issues.

Its founder & director, Derek Gordon (pictured) and 13 employees will join PwC’s Edinburgh office with one specialist located in Leeds.

Managing user identity is a critical aspect of all security strategies and is a commonly cited audit issue among corporates. Praxism, which was founded in 2008, has been helping organisations tackle these technology challenges, with specialists working across a range of industries and sectors including public sector, healthcare, education and financial services.

James Chalmers, UK head of assurance at PwC, said: “With more high profile breaches inevitably making the news, cyber risk continues to be a focus point for boards and it’s unlikely that this will change in the short to medium term.  For corporates, one of the most cited audit issues is managing user identity. This is more than just a basic technology control as it enables firms to drive their digital business within a controlled risk environment.

“Derek and the Praxism team really are leaders in this specialist area and, as a result, I believe they are an important addition to our rapidly growing and market leading Cyber security business.”

Mr Gordon said: “The opportunity this affords our people and our business is outstanding and clearly recognises the shared culture and values between our organisations.

“On a personal note, building Praxism into the business it is today has been a rewarding experience. I look forward to working alongside Colin Slater and Richard Horne to identify and develop new growth opportunities for this strand of PwC’s cyber practice, and to working with the Cyber security team here in the UK and across its global network.”

Colin Slater, digital and cyber partner at PwC in Scotland, said: “From the outset it was clear that Praxism not only had an outstanding reputation in the marketplace but shared similar growth aspirations and core values of doing the right thing for the customer and delivering high quality work.”

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