This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IBM Acquires Cloud Security Services Provider Lighthouse Security Group

ARMONK, N.Y., Aug. 11, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has acquired the business operations of Lighthouse Security Group, LLC, a premier cloud security services provider. Lighthouse Security Group's Gateway platform protects identity and data in an increasingly complex IT environment where more company information is being stored in the cloud and accessed from mobile devices. Lighthouse Security Group is a subsidiary of long-time IBM Business Partner Lighthouse Computer Services, Inc. Financial terms were not disclosed.
IBM Corporation logo

Today's news follows IBM's acquisition of CrossIdeas, a privately held provider of security software that governs user access to applications and data across on-premise and cloud environments. CrossIdeas combines business-driven governance and analytics capabilities to give customers greater control for securing enterprises. By integrating the businesses of Lighthouse Security Group and CrossIdeas with IBM's identity and access management offering, IBM will offer a full suite of security software and services that protect and manage a user's identity.

The challenges of data access have been exacerbated by the digital world where companies are struggling to protect company information, including employee and customer identity, as they are stored beyond the traditional enterprise. Rather than managing a single point of entry to this information, businesses must now be able to verify who is accessing their systems, data and network, and whether they are entitled to do so, from multiple points including cloud and mobile devices. In this new era, identity and access management has become the first line of defense from potential data breaches.

Based in Lincoln, Rhode Island, Lighthouse Security Group offers the Lighthouse Gateway, an identity management solution that will be integrated into IBM's leading managed security services offering. Customers can deploy and use the solution from a secure, hosted environment, which significantly reduces the cost of digital identity management and speeds the deployment for any type of IT environment—a data center, in the cloud or a hybrid of the two. As a result, businesses can take immediate steps to help protect corporate data and prevent identity theft by ensuring that only authorized personnel can access sensitive corporate information no matter what the entry point is.

Consider the impact when an automotive manufacturer looking to provide its global sales managers with immediate access to classified specifications on its new line of cars moves this data to the cloud. Now authorized managers can access the specifications from their laptops or smartphones while on the show floor. Through the Lighthouse Gateway, the company is able to ensure that the information is shared from its on premise data center to the cloud, but only authorized employees have access and the information remains as secure as ever.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs