IBM to acquire Q1 Labs

security intelligence software, reports Channel Insider.

The move aims to accelerate IBM's efforts to help clients more intelligently secure their enterprises by applying analytics to correlate information from key security domains and creating security dashboards for their organisations.

Q1 Labs' technology will also create a common security platform for IBM's software, hardware, services and research offerings.

Business Week states the company is trying to bulk up its business in the $94 billion market for security software and services, which IBM said has a compound annual growth rate of nearly 12%.

With the acquisition, the Armonk, New York-based company said it has formed a new security systems division, which will be led by Q1 Labs CEO Brendan Hannigan. Over the past decade, IBM has acquired 10 other security products companies, and 25 analytics-related companies.

Hannigan will help clients tackle corporate security breaches, growing mobile security concerns and advanced security threats, writes Reuters.

Q1 Labs, founded in 2001, has more than 1 800 clients globally, and counts Polaris Venture Partners, Menlo Ventures, BDC Venture Capital and Globespan Capital Partners among its investors.

IBM did not say how much it was paying for Q1 Labs.