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AUSTIN, Texas - 03 Sep 2002: IBM today announced it has entered into an agreement with Access360 to acquire all assets of the company.
Access360 is a privately held provider of identity management software based in Irvine, California.
The acquisition is subject to regulatory approval and is expected to close in the beginning of the fourth quarter, 2002. Financial details were not disclosed.
The planned acquisition strengthens IBM's Tivoli software offerings in identity management, a fast-growing segment of security management software. According to IDC, security management software will grow from $550 million, in 2001, to more than $2 billion, in 2006, with more than 30 percent compound annual growth. (a)
Upon closure of the acquisition, Access360 will become part of IBM Software Group and integrated into the Tivoli software portfolio. Adding Access360 enRole identity management software to IBM's existing identity management portfolio is part of IBM's strategy to offer customers a comprehensive identity management solution that spans user lifecycle management, access control, privacy management, provisioning, metadirectories and more.
Identity management software helps organizations consolidate identity data and automate the deployment of employee, contractor, business partner and customer access rights to applications and resources based on business policies. This helps companies reduce IT costs and increase security.
"Customers are aggressively investing in identity management software to control the explosion in user populations as they extend their business beyond the firewall and through emerging Web technologies," said Robert LeBlanc, general manager, Tivoli Software, IBM. "By merging the talent and technology of the Access360 and Tivoli software team, IBM can bring an integrated identity management solution with autonomic capabilities to our customers faster."
Once the acquisition is completed, IBM plans to:
"Best of breed identity management is the key for successfully integrating security across the e-business infrastructure," said Paul Gigg, chief executive officer, Access360. "We are excited to join the IBM family. Together, IBM and Access360 can leapfrog in the identity management space and provide additional value to our customers and partners."
Information Management, Lotus, Tivoli, Rational, WebSphere, Open standards, open source