IBM intends to acquire Agile 3 Solutions
IBM Security announced plans to acquire Agile 3 Solutions, a developer of software used by the C-Suite and senior executives to better visualize, understand and manage risks associated with the protection of sensitive data. The addition of Agile 3 Solutions’ capabilities to IBM Security’s portfolio adds an intuitive tool to improve C-Suite decision making as businesses prepare to defend themselves against cybercrime.
As cybersecurity has become a board-level issue, there is a growing need for the C-suite and the Board to understand their security posture through the lens of business risk, not just the technical security data and metrics. Business leaders must be equipped to make risk-based decisions and prioritize investments toward the cybersecurity readiness and resilience. In fact, Gartner predicted that “by 2017, 80% of IT risk and security organizations will report metrics to non-IT executive decision makers; however, only 20% will be considered useful by the target audience.”
Agile 3 Solutions, a San Francisco-based, privately held company, provides business leaders with a comprehensive, business-friendly dashboard and intuitive data risk control center to help uncover, analyze, and visualize data-related business risks, so they can take action to proactively protect their business. Financial terms were not disclosed and the transaction is expected to close within several weeks. Upon completion of the acquisition, IBM will offer Agile 3 Solutions’ technology through IBM Data Security Services and also plans to integrate Agile 3 Solutions’ capabilities into its industry-leading data protection software IBM Guardium.
"After thousands of client engagements, we've seen security move from the back office to the front office and now to the board room," said Marc van Zadelhoff, General Manager, IBM Security. "Adding Agile 3 Solutions to the IBM Security immune system of capabilities gives our team the ability to not only protect critical data, but demonstrate why it is at risk, and how to remediate that risk. Knowing what your crown jewel data is, and understanding its susceptibility to exploitation via external or insider threats, is an imperative for any organization."
“Having worked closely with IBM Security as a business partner, our team is excited by the opportunity to join the leader in enterprise security,” said Raghu Varadan, Founder and CEO of Agile 3 Solutions. “Our mission has been to bring the C-Suite into the security decision making process on their terms. Now with IBM Security, we’re bringing together the ability to not only influence decisions but to take action to protect business critical data.”
Agile 3 Solutions will augment the IBM Data Security Services portfolio of offerings, adding industry-leading technology and deep industry expertise to help clients around the world build, implement, and manage their critical data protection programs. The acquisition also builds on the growth of IBM's end-to-end Guardium data security and protection platform, which helps analyze the risk associated with sensitive data, monitor and protect sensitive data at rest and in motion, and easily adapt to changes in the IT environment – including adding new users, new technologies, and accommodating new volumes and types of data. IBM also announced its intent to acquire Ravy Technologies, a subcontractor of Agile 3 Solutions.