IBM is announcing it has acquired Polar Security, an innovator in technology that helps companies discover, continuously monitor and secure cloud and software-as-a-service (SaaS) application data - and addresses the growing shadow data problem.
Today's news marks IBM's 5th acquisition in 2023. Since Arvind Krishna became CEO in April 2020, IBM has acquired more than 30 companies, bolstering its hybrid cloud and artificial intelligence (AI) capabilities.
The pandemic drove a sharp increase in cloud adoption, leaving organizations to grapple with a deluge of cloud data that led to more silos and 'shadow data'- sensitive data not being tracked or managed.
Founded in January 2021, Polar Security is a pioneer of data security posture management (DSPM) - an emerging cybersecurity segment that reveals where sensitive data is stored, who has access to it, how it's used, and identifies vulnerabilities with the underlying security posture, including with policies, configurations, or data usage.
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