IBM confirms acquisition of Polar Security reportedly for $60 mn

Software large IBM has acquired automated cloud information safety and compliance supplier Polar Security for an undisclosed sum. Reports claimed that the deal was valued at about $60 million.

Founded in January 2021, Polar Security is a pioneer of information safety posture administration (DSPM), an rising cybersecurity phase that reveals the place delicate information is saved, who has entry to it, the way it’s used, and identifies vulnerabilities.

IBM mentioned it plans to combine Polar Security’s DSPM expertise inside its ‘Guardium’ household of main information safety merchandise.

“With this integration, IBM Security Guardium will present safety groups with a knowledge safety platform that spans all information varieties throughout all storage places – SaaS, on premise and in public cloud infrastructure,” mentioned Dinesh Nirmal, Senior Vice President, Products, IBM Software.

This marks IBM’s fifth acquisition in 2023. Since Arvind Krishna grew to become CEO in April 2020, IBM has acquired greater than 30 firms, bolstering its hybrid cloud and synthetic intelligence (AI) capabilities.

Polar Security can mechanically discover unknown and delicate information throughout the cloud, together with structured and unstructured property inside cloud service suppliers, SaaS properties, and information lakes.

Once found, it classifies the information, maps the potential and precise move of that information, and identifiesvulnerabilities,corresponding to misconfigurations, over-entitlements, and behavior that violates coverage or laws.

Based on a risk-based prioritisation methodology, Polar Security supplies remediation stories that pinpoint essentially the most urgent safety dangers and compliance violations and supplies an evaluation of the underlying causes and sensible suggestions to deal with them, mentioned IBM.

(With inputs from IANS)