IBM has purchased Italian company CrossIdeas, who specializes on cloud security. The deal’s financial specifics were not made public. The company’s HQ are base in Rome, and it was established in 2011. It’s security management tools control user access to apps and data inside the organization in the cloud.
IBM’s official statement regarding the purchase mentioned that “Under the burden of more government regulations and increasing sophistication of security threats, business leaders are demanding that IT and security executives implement access governance policies and solutions that provide visibility into operational and IT risks. CrossIdeas helps organizations seamlessly 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.”
IBM’s statement also clarifies the method which the Italian company uses: “CrossIdeas addresses the business requirements of auditors and risk and compliance managers with role analytics, 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.”
IBM has made over a dozen acquisitions in security over the past decade, and only last November it had purchased Fiberlink Communication, and other names worth mentioning among the Big Blue’s pool of companies bought are Princeton, Israeli firm Watchfire, Ounce Labs, MetaMerge and Softech. Analysts say that in terms of profit, IBM is rated first among security servieces suppliers, and among security software suppliers, IBM’s security division is rated third, after Symantec and Intel‘s McAffee.