IBM announced today it has entered into an agreement to acquire Watchfire Corporation, a privately held security and compliance testing software company based in Waltham, Massachusetts.
Online security and privacy incidents continue to pose a risk to Internet communications and commerce. According to a 2005 CSI/FBI Survey, internal security attacks cost U.S. businesses alone $400 billion per year.
Watchfire's technology is expected to help reduce security risks and the threat it poses to customers and the bottom line alike by extending IBM's governance risk management strategy, implementing broad security and compliance capabilities and integrating them into the software development lifecycle.
This will allow customers to define, test, and track the compliance of their applications with security, legal and corporate requirements.
Watchfire's operations will become part of IBM's Rational software brand.