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IBM acquires CrossIdeas to Expand Security Offerings with Identity Intelligence 2014.08.02

Armonk, N.Y., USA and Rome, Italy - July 31, 2014 - IBM (NYSE: IBM) today announced it has acquired CrossIdeas, a privately held provider of security software that governs user access to applications and data across on-premise and cloud environments. Financial terms were not disclosed. Under the burden of more government regulations and increasing sophistication of security threats, business leaders are demanding that IT and security executives implement access governance policies and solutions that provide visibility into operational and IT risks. Based in Rome, Italy, CrossIdeas helps organizations seamlessly manage identities and application access by bridging the gap between compliance, business, and IT infrastructure to help reduce the risk of fraud, conflicts of duties, and human error in business processes. The acquisition of CrossIdeas extends IBM's leadership in delivering innovation, services and software for securing enterprises.

IBM Cybersecurity Software Lab in Israel will focus on mobile and application security, counter-fraud and malware detection.
Courtesy of IBM
 

Armonk, N.Y., USA and Rome, Italy - July 31, 2014

• Business-driven Governance and Analytics Capabilities Bring Greater Control for Securing Enterprises

IBM (NYSE: IBM) today announced it has acquired CrossIdeas, a privately held provider of security software that governs user access to applications and data across on-premise and cloud environments.

Financial terms were not disclosed.

Founded in 2011, CrossIdeas provides Identity and Access Governance solutions to help enable organizations achieve their compliance, audit and access risk management objectives.
Courtesy of IBM
 
Under the burden of more government regulations and increasing sophistication of security threats, business leaders are demanding that IT and security executives implement access governance policies and solutions that provide visibility into operational and IT risks
.

Based in Rome, Italy, CrossIdeas helps organizations seamlessly manage identities and application access by bridging the gap between compliance, business, and IT infrastructure to help reduce the risk of fraud, conflicts of duties, and human error in business processes.

Leveraging CrossIdeas’ innovative technology and flexible service model, organizations can strengthen their risk awareness and IT security.
Courtesy of IBM
 
The acquisition of CrossIdeas extends IBM's leadership in delivering innovation, services and software for securing enterprises.

IBM has now made more than a dozen acquisitions in security over the past decade and invested extensively in dedicated research and development in the security space.

Leveraging CrossIdeas’ innovative technology and flexible service model, organizations can strengthen their risk awareness and IT security.
Courtesy of IBM
 
This blend of organic innovation and acquired technologies is helping IBM customers defend against advanced threats and manage risk in an era of unprecedented technology change.

Brendan Hannigan, General Manager, IBM Security Systems.
Brendan Hannigan is General Manager of the IBM Security Systems Division in the IBM Software Group; he brings more than 25 years of industry experience to his role.
Mr. Hannigan was previously the president and CEO of Q1 Labs, the acquisition of which catalyzed the creation of the Security Systems Division. This division brings together many capabilities across IBM to respond to the market need for sophisticated, comprehensive and integrated approaches to enterprise security.
Mr. Hannigan held number of executive positions at Q1 Labs before becoming CEO in 2011.
He has a Computer Science degree with honors from University College in Dublin, Ireland.
Courtesy of IBM
 
“The addition of CrossIdeas extends IBM’s market share leading portfolio of identity and access management capabilities,
said Brendan Hannigan, General Manager, IBM Security Systems.
“IBM can now provide enterprises with enhanced governance capabilities and transparency into risk from the factory floor to the board room, giving leaders the insight they need to protect their brand and customers.”

Courtesy of IBM
 
As part of IBM’s Identity and Access Management portfolio, CrossIdeas will deliver next generation identity and access governance capabilities to help mitigate access risks and segregation of duty violations.

Courtesy of IBM
 
The combined business-driven approach provides integrated governance and full lifecycle management of a user’s time with an organization.

For example, a stock trader working in a financial institution may be promoted and given access to approve trades in a new system while retaining access to enter trades in the previous system.


Courtesy of IBM
 
This dual access may constitute a segregation of duties violation, which could expose the institution to failing a compliance requirement.


With CrossIdeas’ technology, auditors and managers could detect and remediate the segregation of duties violation before it becomes a security risk and audit exposure.

Courtesy of IBM
 
“CrossIdeas is very excited to become part of IBM through this acquisition,”
said Alberto Ocello, Chief Executive Officer at CrossIdeas.
“The innovative technology of CrossIdeas’ IDEAS solution strongly complements IBM’s Identity and Access Management portfolio and we are proud to contribute to IBM’s worldwide expansion in the IT security market.”

Courtesy of IBM
 
CrossIdeas addresses the business requirements of auditors and risk and compliance managers with innovative role analytics, intuitive visualizations for better insight into user access, and alignment with compliance and access risk requirements.

Courtesy of IBM
 
This Identity Intelligence is delivered via centralized compliance dashboards for auditors to evaluate access risk and activity-based segregation of duties across enterprise-wide applications.

These dashboards are populated using a broad array of identity and access repositories including IBM Security Identity Manager.

Cybercriminals are becoming increasingly efficient in creating and deploying attacks to bypass existing security controls.
Courtesy of IBM
 
Integrating CrossIdeas’ innovative business-driven governance capabilities with IBM’s Security portfolio will be expedited by the two companies' existing relationship.

By its participation in the Ready for IBM Security Intelligence program, CrossIdeas already allows IBM customers to deploy integrated access governance and user lifecycle management technologies leveraging IBM’s Security Identity Management (ISIM) portfolio.

Integrating CrossIdeas’ innovative business-driven governance capabilities with IBM’s Security portfolio will be expedited by the two companies' existing relationship.
Courtesy of IBM
 
This integration will help ISIM customers rapidly introduce access governance capabilities with minimal changes to their existing environment.


About IBM Security

IBM’s security portfolio provides the security intelligence to help organizations holistically protect their people, data, applications and infrastructure.

By its participation in the Ready for IBM Security Intelligence program, CrossIdeas already allows IBM customers to deploy integrated access governance and user lifecycle management technologies leveraging IBM’s Security Identity Management (ISIM) portfolio.
Courtesy of IBM
 
IBM offers solutions for identity and access management, security information and event management, database security, application development, risk management, endpoint management, next-generation intrusion protection and more.

IBM operates one of the world’s broadest security research and development, and delivery organizations.

Courtesy of IBM
 
IBM monitors 15 billion security events per day in more than 130 countries and holds more than 3,000 security patents.

For more information, please visit www.ibm.com/security  
follow @IBMSecurity on Twitter
or visit the IBM Security Intelligence blog
http://securityintelligence.com/  


About CrossIdeas

Founded in 2011, CrossIdeas provides Identity and Access Governance solutions to help enable organizations achieve their compliance, audit and access risk management objectives.

 
 
Leveraging CrossIdeas’ innovative technology and flexible service model, organizations can strengthen their risk awareness and IT security.

New Logo
 
CrossIdeas is headquartered in Rome, Italy
and can be reached at
www.CrossIdeas.com 


Contacts information

Michael Rowinski
IBM Media Relations

1 (720) 395-8497
rowinski@us.ibm.com  

Alessandro Ferrari
External Relations Manager, IBM Italy

IBM Media Relations, Italy
+39-0259624690
alessandro_ferrari@it.ibm.com  


Source: IBM

http://www-03.ibm.com/press/us/en/index.wss  



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