IBM announced a definitive agreement to acquire security intelligence software provider Q1 Labs.
The move aims to accelerate IBM’s efforts to help clients more intelligently secure their enterprises by applying analytics to correlate information from security domains and creating security dashboards for their organizations. Financial terms were not disclosed.
Following the close of the acquisition, Q1 Labs will join the newly-formed IBM Security Systems division, representing the world’s most comprehensive security portfolio. After the close, IBM intends the new division to be led by Brendan Hannigan, CEO of Q1 Labs.
The new division will target a $94 billion opportunity in security software and services, which has a nearly 12 percent compound annual growth rate, according to IBM estimates. Q1 Labs will join the more than 10 strategic security acquisitions IBM has made in the last decade and the more than 25 analytics-related purchases, including the recently announced acquisition of security analytics software firm, i2.
Q1 Labs’ 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.
“Realigning IBM’s security expertise in a new division with a greater focus on analytics is a bold step IBM is taking to help clients stay ahead of growing security threats,” said Robert LeBlanc, senior vice president, IBM Middleware Software. “By consolidating our global expertise, IBM clients will have access to the most comprehensive, insightful view of security across their people, data and infrastructure.”