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.