Italy-based CrossIdeas develops identity/access management security software that uses analytics and a constantly-updating data repository to prevent unwanted access to data and apps. IBM hasn't disclosed the acquisition price. (PR)
The cybersecurity software space has seen plenty of M&A activity this year, as corporate demand from cybersecurity offering rises in the wake of a series of high-profile attacks. IBM plans to integrate CrossIdeas' tools with its existing identity/access management offerings.
Security has been a bright spot for IBM: Its total security-related revenue rose 20% Y/Y in Q2, helped a bit by last year's acquisition of threat-prevention software firm Trusteer.
Gartner estimates Big Blue's 2013 security software sales totaled $1.14B (+19.1% Y/Y), giving the company with a 5.7% share of the market (#3 overall)