IBM snaps up cybersecurity vendor

Vendor will help IBM address compliance needs in highly regulated industries

IBM has acquired US cybersecurity vendor Spanugo in a move to add compliance management capabilities to its public cloud offering.

Based in Santa Clara, Spanugo claims to be a world leader in cybersecurity posture assurance for enterprise hybrid cloud.

Terms of the deal were not disclosed.

The firm claims to automate cybersecurity, compliance and risk assurance solutions in real time. Its technology will be integrated into a suite of capabilities within IBM's public cloud services portfolio.

IBM claims the addition of Spanugo will help customers in highly regulated industries such as financial services, healthcare, insurance and telecommunications.

"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 of Cloud at 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."

"Spanugo's strong domain knowledge and experience in security posture management is a natural complement to IBM's public cloud offerings," added Doc Vaidhyanathan, cofounder and chief product officer of Spanugo.

"By joining IBM on its mission to be the most secure public cloud for the enterprise, we're able to deeply serve businesses across industries that require verifiable, audit-ready, real-time cybersecurity posturing."