Home Latest News IBM to acquire cloud cybersecurity provider Spanugo

IBM to acquire cloud cybersecurity provider Spanugo

IBM has agreed to buy Spanugo, a cloud cybersecurity provider based in Santa Clara, California.

The terms of the acquisition were not publicly disclosed. Armonk-based IBM stated it would integrate Spanugo’s software into its public cloud.

The acquisition follows IBM’s announcement late last year that it designed “the world’s first financial services public cloud to help address the requirements of financial services institutions for regulatory compliance, security and resiliency.”

The company said that once available, “it will provide preventative and compensatory controls for financial services regulatory workloads, multi-architecture support and proactive and automated security, leveraging the industry’s highest levels of encryption certification.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.


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