IBM Acquires Cloud Security Company Spanugo

June 16, 2020

IBM has announced a definitive agreement to acquire cloud cybersecurity posture management solutions provider Spanugo.

Founded in 2017, the Santa Clara, California-based Spanugo aims to help organizations protect IT assets across the enterprise hybrid cloud, through automating resource discovery, configuration analysis and management, and the implementation of security best practices.

Spanugo’s technology allows organizations to demonstrate compliance in real time, while also helping them continuously improve their cloud security to ensure that attacks can be repelled.

The acquisition, IBM says, follows the introduction of its financial services public cloud last year, which was designed to help financial services institutions meet regulatory compliance, as well as ensure required security and resiliency.

The solution will deliver preventative and compensatory controls for financial services regulatory workloads, support for multiple architectures, and proactive and automated security, the technology giant says.

IBM plans to integrate Spanugo software into its public cloud, to accelerate the release of a security control center to help customers define compliance profiles, manage controls, and monitor compliance.

“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, SVP, Cloud, IBM.

“Bringing Spanugo’s technology into our financial services public cloud will help provide our clients with evidence of their ongoing compliance, in real time,” Boville continued.

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Ionut Arghire is an international correspondent for SecurityWeek.

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Read the original article and additional information at Cyware Social