Big Blue plans to integrate Spanugo’s … 16 Jun, 2020
And it comes as a handful of public cloud providers battle to gain market share in an increasingly competitive environment.More than half of the first quarter 2020 cloud market belonged to Amazon Web Services (AWS) and Microsoft, according to While it likely won’t catch up to Amazon anytime soon, IBM has long positioned its public cloud as the security-first public cloud for enterprises. On June 15, 2020, IBM and Spanugo announced they have entered into a definitive agreement to acquire assets from Spanugo, a U.S.‑based provider of cloud cybersecurity posture management solutions.
Add Acquisitions filter . Armonk, New York-based technology giant IBM announced on Monday that it is acquiring cybersecurity vendor Spanugo for an undisclosed amount to bolster its financial public cloud offering.Founded in 2016, Santa Clara, California headquartered Spanugo, provides cloud cybersecurity posture management solutions.The integration of Spanugo’s software into IBM’s public cloud will help meet the security demands of clients in industries with high compliance and regulatory needs, according to a statement.The acquisition of Spanugo is seen as a move to bolster the financial services public cloud that will help enterprises with control over regulatory workloads, multi-architecture support and automated security features.Additionally, Spanugo software would help in setting up security control centres for IBMs clients to define and monitor compliance and manage controls in real-time.“With the acquisition of Spanugo, we have taken another major step in advancing IBM's differentiated capabilities in security and compliance for our enterprise clients, including those in highly regulated industries," said Howard Boville, SVP, cloud, IBM.Boville added that the addition of Spanugo’s technology to IBMs financial services public cloud would help clients with evidence of ongoing compliance in real-time.The yet-to-be-released financial public cloud solution will cater to companies in industries such as financial services, telecom, healthcare, insurance and others.
Moving forward, Spanugo software will form a part of IBMs suite of public cloud services.
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And in the last couple of years it has “It’s a continuation of our focus on mission critical workloads,” Hunter said. The strict adherence to compliance would ensure that the cloud environment is both agile and secure for highly critical applications.“We're able to deeply serve businesses across industries that require verifiable, audit-ready, real-time cybersecurity posturing,” Doc Vaidhyanathan, cofounder and chief product officer, Spanugo, said.Spanugo provides cybersecurity compliance solutions to companies that are audited, and can also deliver a framework for continuous cloud security improvement and adaptation to mitigate security risks, the statement said.
List of IBM 's 183 Acquisitions, including WDG Automation and Spanugo. Publisher and partners set cookies and collect information from your browser to provide you with relevant content and advertising that helps better understand their audiences.NFV Futures: What’s Next on the Open Road to 5G and EdgeWhy Does the Telco Edge Require Network DisaggregationRethinking NaaS as a Journey to Openness and AutomationKeysight Technologies, Cambridge Industries Group Accomplish Inter-Operability Testing of O-RAN Radio Units When an organisation is audited, for example, Spanugo's technology can efficiently and transparently demonstrate cybersecurity compliance in real-time.
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