IBM Acquires Agile 3 to Help Companies Understand, Manage Risks of Cyber Security
IBM is acquiring San Francisco’s Agile 3 Solutions, a developer of software used by executives to better visualize, understand and manage risks associated with the protection of sensitive data.
The transaction will bolster IBM Security’s portfolio, which offers enterprises defense against cybercrime.
Business leaders must be equipped to make risk-based decisions and prioritize investments toward cybersecurity readiness and resilience, IBM says. Gartner predicts that by 2017, 80% of IT risk and security organizations will report metrics to non-IT executive decision makers; however, only 20% will be considered useful by the target audience.
“After thousands of client engagements, we’ve seen security move from the back office to the front office and now to the board room,” said Marc van Zadelhoff, General Manager, IBM Security. “Adding Agile 3 Solutions to the IBM Security immune system of capabilities gives our team the ability to not only protect critical data, but demonstrate why it is at risk, and how to remediate that risk.”
Financial terms were not disclosed.
“Having worked closely with IBM Security as a business partner, our team is excited by the opportunity to join the leader in enterprise security,” said Raghu Varadan, CEO of Agile 3 Solutions. “Our mission has been to bring the C-Suite into the security decision making process on their terms.”
