iC Consult Group GmbH

Based in Germany, iC Consult Group GmbH delivers specialized Identity and Access Management (IAM) solutions, focusing on enhancing organizational security and efficiency through comprehensive consulting and managed services. iC Consult Group GmbH is a consultant firm specializing in Identity and Access Management (IAM) solutions, established in Munich, Germany. Founded by Heiko Hütter, the company has not undergone any significant business pivots. As of December 2020, Carlyle Group agreed to acquire a majority stake in iC Consult, with the transaction completed in February 2021.

The firm has engaged in one notable deal, solidifying its strategic position in the IAM market. iC Consult specializes in Identity and Access Management (IAM) solutions, providing a comprehensive suite of services that enhance organizational security and efficiency. Their core offerings include IAM consulting, system integration, managed services, and support services, aimed at streamlining identity-driven cybersecurity. The solutions address specific use cases such as user access management, cloud migration, identity governance, and privileged access management, ensuring secure user experiences across various platforms.

Serving over 450 active customers, including 47 Fortune 500 companies, iC Consult operates within sectors like automotive, banking, energy, finance, healthcare, and utilities, deploying their solutions across Europe, North America, and Asia. In the most recent year, 2020, iC Consult reported a revenue of USD 66. 24 mn and an EBITDA of USD 12. 89 mn.

The revenue model primarily relies on B2B transactions, with structured partnerships and subscription-based agreements. Revenue is generated through consulting fees, integration and implementation services, and ongoing managed services, providing predictable income through fixed-term contracts. iC Consult Group GmbH is focused on expanding its product offerings and market presence. Plans include the development of new IAM solutions aimed at emerging cybersecurity challenges, with expected launches in the coming year.

The company is also targeting expansion into new geographic regions, particularly in Asia and North America, by 2023. The recent acquisition by Carlyle Group will support these initiatives through enhanced resources and strategic guidance, with the most recent deal completed in February 2021.