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IBM buys Q1 Labs |
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IBM has agreed to acquire privately held Q1 Labs, a Waltham, Massachusetts-based company providing security intelligence software. Financial terms were not disclosed. In its statement, IBM said Q1 Labs’ advanced analytics and correlation capabilities can automatically detect and flag  actions across an enterprise that deviate from prescribed policies and typical behavior to help prevent breaches, such as an employee accessing unauthorized information. Q1 Labs has over 1,800 clients worldwide, including healthcare providers, energy firms, retail organizations, utility companies, financial institutions, government agencies, educational institutions, and wireless service providers. The acquisition in aimed at speeding up IBM’s efforts to help clients more intelligently secure their enterprises by applying analytics to correlate information from key security domains and creating security dashboards for their organizations. Following the closure of the transaction, Q1 Labs will join the newly-formed IBM Security Systems division, which IBM said represents the world’s most comprehensive security portfolio. IBM said it intends that the new division to be led by Brendan Hannigan, CEO of Q1 Labs. The new Security Systems division will target a $94 billion opportunity in security software and services, which IBM estimates has a compound annual growth rate (CAGR) of almost almost 12 percent. Q1 Labs is now part of over 10 strategic security acquisitions made by IBM over a decade and over 25 analytics-related purchases, including the recently announced acquisition of security analytics software firm, i2. IBM also said that Q1 Labs technology will create a common security platform for IBM’s software, hardware, services and research offerings. The company expects clients to benefit from more tightly integrated products, a unified roadmap and accelerated time-to-value on investments to build more intelligent security systems. The acquisition is expected to close in the fourth quarter of 2011, subject to regulatory review and customary closing conditions.
Courtesy: internetandwebsecurity.blogspot.com |
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