IBM Confirms Plan To Acquire The Private Cyber Security Firm Resilient Systems
The computing giant, IBM security confirmed plans to assume private Cyber Security firm Resilient Systems that is a Cambridge, MA-based cyber security to start with 100 employees for increasing the incident response at the market level. And you know what the Resilient Systems are partnering with endpoint cyber security provider Carbon Black.
Resilient will be a key component of IBM X-Force Incident Response Services that is a new beginning which was launched on last Monday and the important thing is that the terms and conditions of the deal were not unveiled. But according to a source of IBM, the price of the deal should be $100 million whereas according to another source the transaction will be probably in cash.
As I told you that cyber security designated with working 100 employees at Resilient Systems in which including also chief executive John Bruce that is a former vice president at Symantec and also its chief technology officer who is not only security blogger & author Bruce Schneier.
Marc van Zadelhoff who is a general manager of IBM Security said, “Our intent is all these guys are going to come on board. You acquire technology, but you really want to acquire people.”
But according to a recent study by Ponemon Institute, it finds that 70% of US security executives do not have a cyber security incident response plan in place.
Do you know that Resilient Systems are also known as Co3 Systems when it was established in 2010? One fact is found by PitchBook, the company has elevated up to $17.3 million through investors in which venture firm Fairhaven Capital, which led a $7.3 million round in 2012 also included.
According to a familiar source, Resilient Systems said in PitchBook, the 2014 round was done at a post-money valuation of $24.2 million that would suggest for the investors to own most of the company.
Jon Oltsik, who is a senior principal analyst at Enterprise Strategy Group, said that Resilient Systems has become a most popular and leading player in the high-demand field of incident response by helping private as well as government customers prepared for determine and extenuate cyber breaches.
Oltsik also added in the incident response is, “hot link in the market.” That means “Customers are spending a lot of money on cyber security to address their shortcomings. ”
On Monday IBM also said that this is making X-Force Incident Response Services that will purchase Resilient Systems technology and talent for helping in the identification process of clients and also in responds to cyber defects.
And the best thing is that the IBM said that X-Force service will also have faith in a new partnership with cyber firm Carbon Black which will help to conduct security forensics of its analysts security on compromised with the endpoint devices and finds where a breach first took place.