IBM Acquires Assets from Spanugo to Deliver Public Cloud Capabilities to Clients in Highly Regulated Industries

IBM has signed a definitive agreement to acquire Spanugo, a U.S.-based provider of cloud cybersecurity posture management solutions. To further meet the security demands of its clients in highly regulated industries, IBM will integrate Spanugo software into its public cloud.

According to IBM, as clients move increasingly significant and sensitive workloads to the cloud, management of security and compliance is becoming more complex. For businesses in highly regulated industries, including financial services, healthcare, insurance, telco and more, cloud environments are most useful when they are approved for sensitive information and run workloads subject to strict regulatory and compliance guidelines.

This follows IBM's announcement last year that it had designed the world’s first financial services-ready public cloud to help address the requirements of financial services institutions for regulatory compliance, security, and resiliency. Once available, it will provide preventative and compensatory controls for financial services regulatory workloads, multi-architecture support and proactive and automated security, leveraging high levels of encryption certification.

The additon of Spanugo software is expected to help accelerate the availability of a security control center that enables IBM clients to define compliance profiles, manage controls and, in continuous real time, monitor compliance across their organization.

When an organization is audited, for example, Spanugo’s technology can transparently demonstrate cybersecurity compliance in real time. Additionally, it delivers a continuous process of cloud security improvement and adaptation to reduce the likelihood of a successful attack. Spanugo software will be incorporated into a suite of capabilities within IBM public cloud services.

“IBM is committed to building the industry’s most secure and open public cloud for business. 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, senior vice president, cloud, IBM. “Bringing Spanugo’s technology into our financial services-ready public cloud will help provide our clients with evidence of their ongoing compliance, in real time.”   

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