IBM creates new security division with acquisition

Wednesday - 10/5/2011, 12:36pm EDT


IBM is creating a new security division — and has just announced a deal to help make it happen.

The company is buying Q-One Labs, a security-intelligence software company based in Massachusetts, and the CEO of Q-One will lead the new security division at IBM.

There's no word on the financial details of the deal, but IBM said its new Security Systems division will target the $94 billion market in security software and services.

Q-One is one of more than 10 strategic security deals that IBM has made in the past decade.

This story is part of Federal News Radio's daily Cybersecurity Update. For more cybersecurity news, click here.