IBM announced on Thursday that it has acquired CrossIdeas, a Rome-based provider of user access security software that works across on-premise and cloud environments. Terms of the deal were not disclosed.
Founded in 2011, CrossIdeas help organizations manage user identities and meet compliance requirements, minimizing the risk of fraud and human error.
IBM will offer CrossIdeas technology through its Identity and Access Management portfolio. IBM had an existing relationship with CrossIdeas where customers were able to deploy integrated access governance and user lifecycle management technologies.
“The addition of CrossIdeas extends IBM’s market share leading portfolio of identity and access management capabilities,” Brendan Hannigan, General Manager, IBM Security Systems said. “IBM can now provide enterprises with enhanced governance capabilities and transparency into risk from the factory floor to the board room, giving leaders the insight they need to protect their brand and customers.”
The CrossIdeas transaction adds to a series of investments IBM has made in security. In January, IBM acquired cloud-based mobile device management provider FiberLink. Last year, IBM acquired Israeli cloud security firm Trusteer for around $1 billion.
According to Gartner, IBM became the third largest security software vendor behind Symantec and McAfee with revenues up 20 percent year-over-year in 2013.
“CrossIdeas is very excited to become part of IBM through this acquisition,” CrossIdeas CEO Alberto Ocello said. “The innovative technology of CrossIdeas’ IDEAS solution strongly complements IBM’s Identity and Access Management portfolio and we are proud to contribute to IBM’s worldwide expansion in the IT security market.”
CrossIdeas customers include Ferrari, the Italian Ministry of Healthcare and Telecom Italia, who uses CrossIdeas services for the entire lifecycle management and provisioning of its managed PKI service offering.