Spanugo is a US-based startup that provides cloud cybersecurity posture management solutions. With this acquisition, Big Blue will integrate Spanugo software into its public cloud including the company’s newly designed financial services to help accelerate the availability of a security control center that will enable IBM clients to define compliance profiles, manage controls and, in real time, monitor compliance across their organization.
“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. Bringing Spanugo’s technology into our financial services public cloud will help provide our clients with evidence of their ongoing compliance, in real time,” said Howard Boville, SVP, Cloud, IBM.
As announced, Spanugo software will also be incorporated into a suite of capabilities within IBM public cloud services to manage security and compliance across a large range of sensitive workloads especially for businesses in highly regulated industries including financial services, healthcare, insurance, telco and more.
“Spanugo’s strong domain knowledge and experience in security posture management is a natural complement to IBM’s public cloud offerings,” said Doc Vaidhyanathan, cofounder and chief product officer, 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.”
As part of IBM’s recent investment in the security capabilities of its public cloud, the company earlier introduced a commercially available cryptographic technology for the cloud called “Keep Your Own Key”. This gives enterprises the ability to retain access control over their data and the hardware security modules that protect them.