IBM (NYSE: IBM) has completed its acquisition of security software provider CrossIdeas, a move that IBM Security Systems General Manager Brendan Hannigan said expands his company’s identity and access management product portfolio.
“IBM can now provide enterprises with enhanced governance capabilities and transparency into risk from the factory floor to the board room, ” he said Thursday.
According to IBM, CrossIdeas’ security software is designed to manage access to on-premises or cloud-based data and applications to mitigate risks such as fraud, human-caused business process errors and violations in the segregation of duties.
IThat software uses role analytics and other identity intelligence features to address business, audit and risk and compliance requirements.
The addition of the Rome-based company is the latest development in IBM’s market positioning in the security space through acquisition activity and research and development investments.
IBM noted that CrossIdeas is an ongoing participant in the Ready for IBM Security Intelligence program.