- On Monday at the RSA security conference in San Francisco, IBM announced its purchase of Resilient Systems, a company that gives customers a plan for how to respond to a data breach.
- IBM plans to retain Resilient's employees, including members of its C-Suite.
- With the purchase, IBM can now offer companies solutions for both preventing and responding to cybersecurity attacks.
While demand for cybersecurity solutions to protect businesses is increasing, the cybersecurity market has seen significant consolidation and a decline in valuations of public and private cyber firms over the last six months. Last month, FireEye purchased threat intelligence firm iSight Partners for $200 million. Reuters reported that iSight CEO John Watters was aiming for a $1 billion valuation when he talked last year about a potential IPO in 2016. Now, the deal is worth just one-fifth of that hoped-for valuation.
Caleb Barlow, vice president of security at IBM, said companies often lack a coherent plan for dealing with a cybersecurity attack. With new services based on the Resilient’s offerings, the company will be able to offer customers plans for after a breach, consulting services, post-incident forensic analysis and IT strategies to help prevent an attack.
IBM has been investing heavily in security. It’s security division has grown to $2 billion in revenue with the company adding roughly one thousand employees last year alone, Barlow said.