Global technology services giant IBM is preparing to purchase venture-capital-backed database security company Guardium for $225m, according to Israeli newspaper TheMarker. The deal is expected to close in the next few days.
The company was founded in Israel in 2002, but moved to Boston in 2003, and offers real time database monitoring, auditing and compliance solutions, vulnerability management solutions, and database leak protection.
Guardium has reportedly raised $21m from venture capital funds such as Ascent Venture Partners, Israel’s StageOne Ventures and Veritas, and Cisco Systems. The company was named as a “hot pick” by Information Security magazine. Guardium is a subsidiary of Israel’s Log-On Software.
The company is currently expanding its presence across Europe, the Middle East and Africa (EMEA). Andrew Lawton vice president of EMEA sales, said, “The realisation is dawning across EMEA that corporations and governments need to have greater visibility and control over who accesses their sensitive data, and they need to prove to regulators and the public that these controls exist and are effective.”
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