Hot on the heels of the CrossIdeas acquisition two weeks ago, IBM plans to buy the business operations of Lighthouse Security Group (LSG), again for an undisclosed sum.
LSG and CrossIdeas will be integrated with IBM’s existing identity and access management offering to provide a full suite of software that will protect and manage users’ identity.
Fills More Gaps
The acquisition of LSG is no real surprise in that it fills out some of the missing pieces from the CrossIdeas acquisition. LSG belonged to IBM’s long-time business partner Lighthouse Computer Services and protects data and identity through cloud services that use IBM Tivoli systems management platform as the base.
It offers everything that you might expect in an identity management suite including the ability to create and monitor accounts for new users, close accounts when users leave the network, and track and trace any of the information that was kept in the account. It also enables single sign-on so that users only have sign on once to access applications.
One of the big problems for enterprises at the moment is securing data stored outside the enterprise.
This is particularly true in light of the fact that employee and customer identities are often stored beyond the traditional enterprise, often in the cloud — with its many different points of access through the many different devices that workers use.
IBM sees identity and access management as one of the first lines of defense from potential data breaches and is building the ability to control and monitor those access points through the acquisition of companies like CrossIdeas and LSG.
The result of combing these two acquisitions will be the ability to protect corporate data and prevent identity theft by ensuring that only authorized personnel can access sensitive corporate information no matter what the entry point.
Business models are rapidly evolving as employees conduct more of their work offsite. Protecting this data and who has access to it has become a challenge, costing our clients time and money. With this acquisition, IBM provides a unique identity and access management offering that combines proven software and analytics technology with expert managed services…” said Kris Lovejoy General Manager of IBM Security Services said in a statement.
IBM’s Security Ambitions
This, along with the CrossIdeas acquisition, underlines IBM’s growing security business, which has seen it push past Trend Micros into third position in the security space globally after Symantec and McAfee.
This, though, looks to be only a glimpse of what could be on the way for IBM as it builds out its security portfolio and starts beefing up for the security problems that will emerge with the Internet of Things.
To cope with the rising wave, It has invested more than US$1 billion annually in enterprise security-related research, employing 6,000 security researchers and developers in 25 security facilities worldwide.
Worldwide security software revenue totalled $19.9 billion in 2013, a 4.9 percent increase from 2012 revenue of $19.0 billion, according to Gartner. With these kinds of revenue in play expect more from the IBM security machine in the future.