ROME - 31 July 2014: IBM (NYSE: IBM) points on the IT security made in Italy with the acquisition of the Italian 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 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. 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.