Q1 Labs will no longer be able to claim it is the number one independent security information and event management (SIEM) company after agreeing to be acquired by IBM.
The SIEM vendor was adamant it was not for sale when IT Pro caught up with the company last September, saying it was delighted HP had bought chief rival ArcSight.
Q1 Labs then claimed it was in a better position in the SIEM market as a result of HP's purchase. It said it wanted to become the "Oracle of security intelligence."
Realigning IBM's security expertise in a new division with a greater focus on analytics is a bold step.
That will no longer be the case, as Q1 Labs is set to be rolled into the new IBM Security Systems division as part of the proposed acquisition. Q1 Labs CEO Brendan Hannigan will lead the division once the deal is closed.
Hannigan was only promoted to the CEO role in May, amidst questions of when the company was planning to go public. The Q1 Labs board described him as "the perfect candidate to lead Q1 Labs as we anticipate our Initial Public Offering."
"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 of the IBM deal.
"Q1 Labs' security analytics will add greater intelligence to IBM's security portfolio and continue to distinguish IBM from competitors."
Even though the deal has not yet closed, IBM Managed Security Services has made a cloud-based service of Q1 Labs' SIEM offering available to customers.
Meanwhile, Q1 Labs will be working on creating "a common security platform for IBM's software, hardware, services and research offerings."
"Realigning IBM's security expertise in a new division with a greater focus on analytics is a bold step IBM is taking to help clients stay ahead of growing security threats," said Robert LeBlanc, senior vice president for IBM Middleware Software.
Financial terms of the deal were not disclosed.
The move means IBM will be going into more direct competition with HP in the security space.
Intel will be looking on with interest too after its subsidiary McAfee bought SIEM vendor NitroSecurity today.
-
Bigger salaries, more burnout: Is the CISO role in crisis?In-depth CISOs are more stressed than ever before – but why is this and what can be done?
-
Cheap cyber crime kits can be bought on the dark web for less than $25News Research from NordVPN shows phishing kits are now widely available on the dark web and via messaging apps like Telegram, and are often selling for less than $25.
-
Put AI to work for IT operationswhitepaper Reduce the cost and complexity of managing hybrid applications
-
AI in the retail industry is spreading beyond the IT departmentNews AI has become a strategic imperative for retailers, delivering marked productivity gains
-
Maximizing contact center operations with generative AI assistants backed by responsible AI principleswhitepaper Reduce the cost and complexity of managing hybrid applications
-
Gaining timely insights with AI inferencing at the edgeWhitepaper Business differentiation in an AI-everywhere era
-
Scaling AI from pilot to production: Maximize AI impact with HPE & IntelWhitepaper Transform AI proof-of-concepts into full-scale implementations
-
IBM just launched powerful new open source AI models – here’s what you need to knowNews Available under the Apache 2.0 license, IBM's Granite 3.0 models are trained on enterprise data and can out-perform the competition
-
Achieving business outcomes with generative AIWebinar Take your hybrid cloud journey to the next level with generative AI
-
Wimbledon’s new Catch Me Up AI feature promises to keep fans up to date at the tournament – after it irons out some of the wrinklesNews The latest feature to come out of IBM’s partnership with Wimbledon will keep fans engaged from the early stages right through to the final with dynamic player insights
