IBM has made yet another move to expand and enhance its Identity and Access Management (IAM) offerings, today announcing that it has acquired the business operations of Lighthouse Security Group, LLC.
Founded in 2007, Lincoln, Rhode Island-based Lighthouse Security offers a cloud-hosted IAM gateway platform, which includes a suite of functionality based on IBM Security Identity and Access Management capabilities – including user provisioning, identity lifecycle governance, single sign-on, enterprise user registry services, federation, and user self service.
The move to acquire Lighthouse, which has been an IBM Business Partner, follows IBM’s very recent acquisition of CrossIdeas, a privately held Italian cybersecurity Startup that makes Access Governance software to help organizations manage user access to applications and data across on-premise and cloud environments.
According to IBM, integrating the technologies from Lighthouse and CrossIdeas will help the company offer a full suite of security software and services that protect and manage a user’s identity.
“Business models are rapidly evolving as employees conduct more of their work offsite. Protecting this data and who has access to it has become a challenge, costing our clients time and money,” said Kris Lovejoy, General Manager, IBM Security Services. “With this acquisition, IBM provides a unique identity and access management offering that combines proven software and analytics technology with expert managed services that make it easy for businesses to tackle the complexities of security in this new digital world.”
IBM has made more than a dozen acquisitions in security over the past decade and has had double-digit revenue growth for six consecutive quarters, with the company holding the #4 spot in the overall security software market in 2013, according to IDC.
Financial terms of the acquisition were not disclosed.