IBM Buys Q1 Labs
October 7, 2011
IBM is buying privately held security ISV Q1 Labs, whose software is used to detect hacking threats and attacks through real-time data analysis…
Terms were not disclosed.
Q1 Labs, which competes with HP’s ArcSight acquisition and EMC’s RSA unit, will become part of a new IBM Security Systems Division to be run by Q1 CEO Brendan Hannigan and combine 10 other security acquisitions IBM’s made in the last few years.
The Massachusetts-based firm adds to IBM’s burgeoning analytics fleet that it’s spent over $14 billion on assembling.
IBM sees the security software and services business as a $94 billion market opportunity.
The 10-year-old Q1 claims 1,800 clients worldwide.
Intel’s McAfee unit is moving in a similar direction in buying NitroSecurity, which uses analytics for threat prevention across a company’s whole IT environment.