IBM has signed a definitive agreement to acquire Spanugo, a US-based provider of cloud cybersecurity posture management solutions. To further meet the security demands of its clients in highly regulated industries, IBM will integrate Spanugo software into its public cloud.
Late last year, IBM announced that it had designed a public cloud for financial services to help meet financial institutions’ regulatory compliance, security and resilience requirements. Once available, it provides preventive and compensatory controls for financial services regulatory workloads, multi-architectures support, and proactive and automated security, leveraging the industry’s highest level of encryption certification.
The addition of Spanugo software will help accelerate the availability of a security center that enables IBM customers to define compliance profiles, manage audits, and monitor compliance across their organization in continuous real-time.
“IBM is committed to building the industry’s most secure and open public cloud for business. With the acquisition of Spanugo, we have taken another major step in advancing IBM’s differentiated capabilities in security and compliance for our enterprise clients, including those in highly regulated industries,” said Howard Boville, SVP, Cloud, IBM. “Bringing Spanugo’s technology into our financial services public cloud will help provide our clients with evidence of their ongoing compliance, in real time.”
“Spanugo’s strong domain knowledge and experience in security posture management is a natural complement to IBM’s public cloud offerings,” said Doc Vaidhyanathan, cofounder and chief product officer, Spanugo. “By joining IBM on its mission to be the most secure public cloud for the enterprise, we’re able to deeply serve businesses across industries that require verifiable, audit-ready, real-time cybersecurity posturing.”
IBM continues to invest in the security capabilities of its public cloud having previously announced new services that further its focus as the leading secure and open public cloud for business. As part of this, IBM introduced the industry’s strongest commercially available cryptographic technology for the cloud called “Keep Your Own Key.” This gives enterprises the ability to retain control of their own encryption keys — and the hardware security modules that protect them — so customers are the only ones who can control access to their data.