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The world’s leading technology provider IBM has signed a definitive agreement to acquire US-based Spanugo, a provider of cloud cybersecurity posture management solutions. The deal further helps IBM to meet the security demands of its clients in highly regulated industries.

  • After completion of deal IBM will integrate Spanugo software into its public cloud.
  • Earlier IBM announced it designed the world’s first financial services public cloud to help address the requirements of financial services institutions for regulatory compliance, security and resiliency.
  • The addition of Spanugo software will help accelerate the availability of a security control center that will enable IBM clients to define compliance profiles, manage controls and, in continuous real time, monitor compliance across their organization.

The major partnerships and expansions by IBM are featured below:

June 2020: IBM announced that IBM Services is collaborating with the Korean credit card company, Lotte Card to transform its entire enterprise system, including mission critical and core financial accounting systems, to a hybrid cloud environment. Lotte Card provides services to a wide network of retailers including department stores, hypermarkets and cinemas.

May 2020: India’s leading telecom firm Bharti Airtel has announced that IBM and Red Hat will build its new telco network cloud, designed to make it more efficient, flexible and future-ready to support core operations and enable new digital services.

February 2020: IBM had announced a strategic investment in a leading global quantum computing company Cambridge Quantum Computing (CQC). The latest investment comes after years of collaboration between CQC and IBM’s quantum computing team.

January 2020: IBM announced the opening of its Automation Innovation Center (AIC) in India at the company’s Pune facility. The AIC is a state-of-the-art facility themed around Intelligent Automation and Future of Work, with experiential demonstration centers showcasing IBM’s flagship Automation Platform, Digital Worker suite of solutions, Automation Operations Command Center for monitoring and managing bots, and co-creation zone for quick Design Thinking with visiting clients. The new AIC also showcases industry vertical solutions for Banking, Telco, Insurance, Retail, CPG, Healthcare etc.

December 2019: IBM collaborated with Vodafone Idea Business Services (VIBS) the enterprise arm of Vodafone Idea Ltd. (VIL), in India to launch Vodafone Secure Device Manager (VSDM), powered by IBM Security MaaS360, a Unified End-point Management (UEM). As per agreement with Vodafone, VIBS will leverage IBM Security MaaS360 to deliver an AI approach to UEM to enable endpoints, end-users, and everything in between including apps, content, and data.

October 2019: IBM, TBCASoft, and SoftBank Corp. announced a strategic collaboration to support the transformation of the telecommunications industry intended to use cross-carrier blockchain technology designed to enable new synergies throughout the industry, provide new services to telecom carriers and their subscribers across the world.

About IBM
International Business Machines (IBM), is a global technology company that provides hardware, software, cloud-based services and cognitive computing. IBM is headquartered at New York and has operations in over 170 countries. IBM helped pioneer information technology over the years, and it stands today at the forefront of a worldwide industry that is revolutionizing the way in which enterprises, organizations and people operate and thrive. IBM was founded in June 1911 and has completed its centennial. IBM Research is one of the world’s largest corporate research labs, with more than 3,000 researchers in 12 labs located across six continents.

About IBM
International Business Machines (IBM), is a global technology company that provides hardware, software, cloud-based services and cognitive computing. IBM is headquartered at New York and has operations in over 170 countries. IBM helped pioneer information technology over the years, and it stands today at the forefront of a worldwide industry that is revolutionizing the way in which enterprises, organizations and people operate and thrive. IBM was founded in June 1911 and has completed its centennial. IBM Research is one of the world’s largest corporate research labs, with more than 3,000 researchers in 12 labs located across six continents.

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