Polar Security Team (from website)
IBM has bought out Israeli cybersecurity firm Polar Security. While the details of the acquisition, including the purchase price, have not been disclosed it has been reported that the price tag was $60 million. It’s always a bid deal when a major global firm like IBM buys out an Israeli company, even if it is for a relatively small sum.
This makes Polar Security the third Israeli company to be sold this week alone. NeoGames, an Israeli founded technology-driven provider of end-to-end iLottery and iGaming solutions globally that is publicly traded on the NASDAQ, is set to be acquired by Aristocrat Leisure Limited in a deal that gives the company a valuation of approximately $1.2 billion. And Go Global Travel, an Israeli firm that offers services for the travel industry has been acquired by South Korea’s largest travel-booking company Yanolja Co.
Founded in 2021 by company chairman Dov Yoran, CEO Guy Shanny, Dov Yoran and CTO Roey Yaacovi, Polar Security boasts that it offers the first solution to automate cloud data security & compliance – “wherever your sensitive data is, however fast developers create it.” Polar says its agentless DSPM (Data Security Posture Management) platform automatically finds where your data stores are, what sensitive data is inside, and where the data is moving, to find data vulnerabilities and compliance violations.
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Data creation has become chaotic, explain the company’s founders. Data is no longer centralized in a single database or storage, but decentralized throughout the cloud infrastructure, regions, VPCs and services, as well as flows between workload apps. And so, they say, security and compliance teams simply don’t know where their data stores are, what sensitive data is inside, and where the data can go or is going.
IBM told Globes that it plans to integrate Polar Security’s DPSM technology within its Guardium family of leading data security products. With the integration of Polar Security’s DPSM technology, IBM Security Guardium will provide security teams with a data security platform that spans all data types across all storage locations – SaaS, on premise and in public cloud infrastructure.
IBM said that Polar Security “pioneered” data security posture management (DSPM), which is 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.
