IBM Completes Purchase of Q1 Labs, Beefs Up New Security Division

IBM Completes Purchase of Q1 Labs, Beefs Up New Security Division - top government contractors - best government contracting eventIBM has finalized its acquisition of Q1 Labs for an undisclosed amount, less than a month after the company announced its intent to buy on Oct. 4.

Q1 Labs will join IBM’s newly formed security systems division, which integrates IBM’s Tivoli, rational and information management security software, appliances, lab offerings and services. 

Q1 Labs CEO Brendan Hannigan will assume the role of division general manager.

The new division will target a $94 billion opportunity in the security software and services market, which has a nearly 12 percent compound annual growth rate, according to IBM estimates. IBM highlighted the rapidly changing security landscape in its recent X-Force mid-year trend and risk report.

“The ability to leverage analytics is becoming a competitive differentiator,” Hannigan said. “We’re fusing together IBM’s vast security expertise and analytics to drive security intelligence to clients and fundamentally alter the security marketplace.”

Q1 Labs’ advanced analytics and correlation capabilities can help detect and flag actions that deviate from prescribed policies and typical behavior with a view across an organization’s network, applications, user activity, mobile endpoints, and physical security devices. It supports cloud-based and on-premise sources.

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