IBM has completed its acquisition of Resilient Systems, a privately-held company that offers an Incident Response Platform (IRP) that helps organizations prepare, assess, manage, and report on privacy breaches and security incidents.
The company, now known as Resilient, an IBM Company, is part of IBM’s Security business unit and will contribute to the tech giant’s incident response capabilities, IBM said on Wednesday.
When announcing the planned acquisition, just prior to the RSA Conference, IBM said Resilient Systems’ platform would be a foundational component for its new X-Force Incident Response Services, along with IBM’s QRadar Security Intelligence Platform.
Well-known privacy and security expert Bruce Schneier joined Cambridge, Mass.-based Resilient (formerly known as Co3 Systems) as Chief Technology Officer (CTO) in January 2014. Schneier is expected to remain on board.
“With Resilient, we’re expanding the capabilities we bring to customers, helping them manage the complexities in resolving security incidents, including the coordination of teams, best practices, and reporting,” Marc van Zadelhoff, General Manager, IBM Security, said in a statement.
In 2015, IBM’s security business reached $2 billion in revenue and added 1,000 employees.
While the terms of the acquisition were not disclosed, some reports peg the deal at more than $100 milion.