mandag 30. november 2009

Confirmed: IBM Acquires Database Security Startup Guardium For Undisclosed Amount

Rumors were swirling that IBM would be acquiring database security company Guardium after the Israeli financial newspaper, TheMarker, reported the acquisition yesterday (translated version here). Big Blue has officially confirmed to TechCrunch that it has acquired Guardium but did not disclose financial terms. TheMarker reported that IBM is shelling out $225 million for Massachusetts-based Guardium.

A subsidiary of Log-On Software, Guardium provides technologies that ensure security of enterprise databases. The startup protects databases for Microsoft, IBM, Oracle, Sun Microsystems and other companies. The company’s technology is installed in more than 450 data centers worldwide. IBM says it will integrate Guardium within IBM's Information Management Software portfolio. Guardium, which was founded in 2002, has raised a total of $21 million in funding from Cisco, Cedar Fund, Ascent Venture Partners, Stage One Ventures, Veritas Venture Partners and others.

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