In order to Strengthen Security in Its Cloud Computing Offerings, IBM has acquired security software provider company, CrossIdeas for an undisclosed amount. The other terms and conditions are still undisclosed. Post this acquisition, CrossIdeas extends IBM’s leadership in delivering innovation, services and software for securing enterprises.
CrossIdeas already allows IBM customers to deploy integrated access governance and user lifecycle management technologies leveraging IBM’s Security Identity Management (ISIM) portfolio. This integration will help ISIM customers rapidly introduce access governance capabilities with minimal changes to their existing environment.
“The addition of CrossIdeas extends IBM’s market share leading portfolio of identity and access management capabilities,” said Brendan Hannigan, General Manager, IBM Security Systems. “IBM can now provide enterprises with enhanced governance capabilities and transparency into risk from the factory floor to the board room, giving leaders the insight they need to protect their brand and customers.”
Rome, Italy-based, CrossIdeas helps organizations to manage identities and application access by bridging the gap between compliance, business, and IT infrastructure to help reduce the risk of fraud, conflicts of duties, and human error in business processes. Launched in 2011, It is expected to deliver next generation identity and access governance capabilities to help mitigate access risks and segregation of duty violations.
“CrossIdeas is very excited to become part of IBM through this acquisition,” said Alberto Ocello, Chief Executive Officer at CrossIdeas. “The innovative technology of CrossIdeas’ IDEAS solution strongly complements IBM’s Identity and Access Management portfolio and we are proud to contribute to IBM’s worldwide expansion in the IT security market.”
IBM has now made more than a dozen acquisitions in security over the past decade and invested extensively in dedicated research and development in the security space. IBM monitors 15 billion security events per day in more than 130 countries and holds more than 3,000 security patents.
More from Press Release: CrossIdeas addresses the business requirements of auditors and risk and compliance managers with innovative role analytics, intuitive visualizations for better insight into user access, and alignment with compliance and access risk requirements. This Identity Intelligence is delivered via centralized compliance dashboards for auditors to evaluate access risk and activity-based segregation of duties across enterprise-wide applications. These dashboards are populated using a broad array of identity and access repositories including IBM Security Identity Manager.
Integrating CrossIdeas’ innovative business-driven governance capabilities with IBM’s Security portfolio will be expedited by the two companies’ existing relationship. By its participation in the Ready for IBM Security Intelligence program,
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