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August 15, 2014

Wheelings & Dealings: IBM Acquires Cloud Security Company Lighthouse

While the fervor over cloud computing has died down, that doesn’t mean there aren’t plenty of companies who understand the value of that tech. That is underlined by the recent announcement that IBM (News - Alert) has acquired cloud security services company Lighthouse Security Group. Lighthouse’s technology is geared towards easily and quickly identifying data and protecting identities in what has become a rather complex IT environment.

This is hardly the first time that IBM has shown an interest in working in the cloud and making the company that much stronger in that regard by acquisition. Earlier in the year, the firm brought a company known as CrossIdeas under its wings. CrossIdeas is a privately held company that specializes in security software that uses applications and data across on-premise and cloud environments. By acquiring these two companies and combing their specialties through IBM, the company is now able to offer up a very complete suite of security software and services that are all working together to protect a user’s identity.

"Business models are rapidly evolving as employees conduct more of their work offsite. Protecting this data and who has access to it has become a challenge, costing our clients time and money," said Kris Lovejoy, general manager of IBM Security Services, in a recent statement. "With this acquisition, IBM provides a unique identity and access management offering that combines proven software and analytics technology with expert managed services that make it easy for businesses to tackle the complexities of security in this new digital world."

IBM has made more than a dozen purchases of smaller companies in the security software field over the last few years. The company now has more than 6,000 security researchers and developers working to make what they offer that much better. This appears to be a field, especially when it comes to the cloud where the company feels it can lead the pack.

Edited by Alisen Downey

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