Because the need for application security continues to grow with the rise of cloud technology, Moss Adams, an accounting, consulting and wealth management firm, announced today that it has combined with cyber-risk management firm AsTech Consulting to augment its application security capabilities.
Moss Adams will essentially acquire AsTech Consulting as of November 1, 2018, though the terms of what the company prefers to call a "combination" are not yet being disclosed. The deal, however, will give AsTech Consulting access to the existing Moss Adams infrastructure, resources and client relationships.
In an interview with Infosecurity Magazine, Eric Miles, partner in charge of the Moss Adams Advisory Services Practice, said, “When we add services or capabilities, it’s because our customers ask about them, and the need for application security is starting to skyrocket. Whether its with our technology clients or those who are not using self-developed software, they are beginning to recognize that their risks don’t sit within the perimeter any longer but within the app itself.”
AsTech Consulting has been in the application security business for 21 years, which is part of what made them such an appealing partner for Moss Adams. “We have a great reputation, but we are small,” said Greg Reber, CEO and founder of AsTech Consulting.
“For us, we wanted to expand our reputation to be able to reach a bigger audience and help more companies be secure. It was both the culture and the reputation of Moss Adams that made the company the best fit for us.”
Sixteen members of the AsTech Consulting team will join Moss Adams, including Reber, who will become a partner.
In preparing for the combining of the companies, AsTech Consulting has worked with the existing cybersecurity team at Moss Adams. “There is some overlap, but working together helped us understand each other. We found we have a common language through working on projects together,” Reber said.
“We are reaching an inflection point in public awareness in the need for this kind of security. Many mid-market companies are becoming more aware of the need for both perimeter and application security – or source code security, especially if they are developing their own apps, and we understand the source code issues.”