The Channel logo

News

By | Richard Chirgwin 24th February 2016 05:05

Rumor: IBM gobbles Bruce Schneier, Resilient for $100m

Security guru is CTO of biz believed to have been bought by Big Blue

IBM is allegedly splashing a reported US$100m on buying incident response outfit Resilient Systems.

Rumors of the deal were whispered by "persons with knowledge of the matter" to biz news website Xconomy.

Founded in 2010 as Co3 Systems, Massachusetts-based Resilient was set up by serial acquisition target John Bruce (alumnus of Quickcomm, acquired by Vodafone; Authentica, sold to EMC; and Counterpane, borged by BT) and Ted Julian (formerly of Application Security).

If it's an acqui-hire, though, the prize in Resilient would be security veteran Bruce Schneier, who is the company's CTO.

Big Blue and Resilient were already working together, with Resilient using IBM's InterConnect 2016 event to demonstrate integration of its incident response platform with IBM's QRadar X-Force.

Resilient recently added extra heads in Europe to chase growth in Germany, Austria and Switzerland, and at the time, claimed global revenue growth of 350 per cent (without putting a figure to its revenue).

If the rumoured deal goes ahead, it would be IBM's second security acquisition in 2016. In January, Big Blue slurped German fraud-detection business Iris Analytics.

Spokespeople for IBM and Resilient Systems were not available to comment. ®

comment icon Read 4 comments on this article or post a comment alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'