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IBM (NYSE: IBM) on Tuesday said it has acquired Waltham-based network security software firm Q1 Labs Inc. for undisclosed terms.
Q1 Labs said earlier this year that it had 32 of the Fortune 100 as customers, and that revenue grew 75 percent in 2010. The company is backed by venture capital firms including Polaris Venture Partners of Waltham, and Globespan Capital Partners of Boston, and had raised at least $34 million in financing.
IBM said it picked up Q1 Labs for its advanced analytics and correlation capabilities, which automatically detect and flag deviant actions across an enterprise. The technology can help to prevent breaches such as an employee accessing unauthorized information, IBM said.
The technology could be used, for example, to prevent an advanced persistent threat from escalating within a company’s network. Advanced persistent threats have been cited in recent data breaches at EMC Corp.’s RSA division and Sony’s Playstation Network.
The company said Q1 Labs would join its newly-formed Security Systems division. The new division will be led by Q1’s CEO, Brendan Hannigan.
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