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IBM Completes Purchase of Q1 Labs

The acquisition will result in a newly formed division at IBM focusing on security systems.

IBM (Armonk, N.Y.) today finalized a deal to acquire Waltham, Mass.-based Q1 Labs Inc., a provider of advanced analytics to detect and flag suspicious or abnormal events. Financial terms were not disclosed.

Q1 Labs CEO Brendan Hannigan will now assume the role of general manager of IBM's newly formed Security Systems division.

Q1 Labs' analytics and correlation services are designed to help detect and flag actions that deviate from prescribed policies and typical behavior with a view across an organization's network, applications, user activity, mobile endpoints, and physical security devices — including both cloud-based and on-premise sources. Q1 has several financial institutions as clients.

The Security Systems division integrates IBM's Tivoli, Rational and Information Management security software, appliances, lab offerings and services.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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