IBM Acquires Spanugo to Leverage Cloud for Industrial Development

Published by: Insights Desk Released: Jun 17, 2020 Source: DemandTalk

Spanugo platform will make provision for regulated industries to monitor compliance in real time.

IBM said it is acquiring Spanugo, which is a global leader in providing cybersecurity posture assurance for enterprise hybrid cloud. Spanugo provides security assurance software as it builds out a cloud portfolio for regulated industries.

The terms of the deal were not announced. However, Spanugo will give IBM Cloud a platform that will contribute to simplifying the compliance for various regulations and standards with the help of automation. IBM mentioned that it will merge the technology base of Spanugo and the public cloud so that customers can overview the compliance. Spanugo’s platform also helps in the deployment of a hybrid cloud.

Additionally, last year IBM spoke about the financial services ready cloud. So, the collaboration with Spanugo will support the effort and enable IBM Cloud to monitor compliance in real time. The technology will be mentioned under IBM’s financial services cloud.

Insights Desk

Insights Desk is an integral part of ITCloud Demand, contributing content resources and marketing vision. It creates and curates content for different technology verticals by keeping upcoming trends and technological regulations in mind. Insights Desk has been a part of technological content creation with the advent of enterprise security.