IBM (NYSE: IBM) has agreed to buy Q1 Labs, a provider of security intelligence software, as part of its plan to offer customers more network and data security through analytics.
The deal was announced Tuesday before markets opened.
Financial terms were not disclosed.
Q1 Labs, which is privately held, is based in Waltham, Mass.
The company will be incorporated into IBM’s new Security Systems group. Brendan Hannigan, the chief executive officer of Q1, will lead the IBM division. (Read more about IBM security here.)
IBM sees the security and software services market as having a value of $94 billion and is growing at almost 12 percent a year.
Rcent studies by IBM, Cisco and other firms have documented increases in attacks on enterprise networks. Q1 technology is designed to automatically detect abnormal activity.
“Since perimeter defense alone is no longer capable of thwarting all threats, IBM is in a unique position to shift security thinking to an integrated, predictive approach,” Hannigan said in a statement. “Q1 Labs’ security analytics will add greater intelligence to IBM’s security portfolio and continue to distinguish IBM from competitors.”
The deal is the latest in a series of acquisitions made by IBM in the security and analytics space. Last month, IBM reached an agreement to buy analytics firm i2. (Read an analysis of that deal here.)
IBM employs some 10,000 people across North Carolina.
For more about the deal, read here.
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