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IBM snaps up identity access gatekeeper tech

IBM has snapped up privately held security software firm CrossIdeas. Financial terms of the deal, announced Thursday, were undisclosed. Rome, Italy based CrossIdeas has been developing identity access technology since 2011. Its technology allows CISOs and security teams in big companies to automatically detect conflicts in …
John Leyden, 01 Aug 2014
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Smartcard firm Gemalto slurps SafeNet in $890m securo-boost deal

Security company Gemalto is buying data protection firm SafeNet. The deal, announced Friday, is valued at $890m and is being financed through cash and existing long-term credit facilities. Once completed the acquisition will add data protection technologies to Gemalto's core authentication products and services (e.g. smartcards …
John Leyden, 08 Aug 2014
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Symantec sharpens axe as 1,700 awarded the Order of the Boot - report

Up to 1,700 workers at Symantec face the axe over the next six weeks as the consequences of a corporate restructuring plan announced in January begin to bite, according to a recent report. Around 1,000 jobs will go in June before the head count gets reduced by a further 700 next month, a source told AllThingsD. If the total …
John Leyden, 14 Jun 2013
The Register breaking news

Kaspersky DLP spin-off buys German security firm

Russian data loss prevention firm InfoWatch has bought German software firm cynapspro. InfoWatch, a spin-off of Kaspersky Lab, said the deal will help to sell its technology to more customers in western Europe, particularly small and medium-sized businesses. cynapspro offers a range of enterprise security products including …
John Leyden, 12 Dec 2011