IBM buys identity management software firm
IBM Corp. acquired Encentuate Inc. to add to its Austin software division Tivoli.
Encentuate, based in Redwood City, Calif., provides software managing identity and access to networks. Terms of the deal were not disclosed.
IBM (NYSE: IBM) also announced the creation of a security software laboratory in Singapore, which will utilize Encentuate’s Singapore development team.
Encentuate manages user passwords and enforces security policies with a single sign on, eliminating the need to remember several passwords.
The company has more than 40 employees, and the staff will not relocate to Austin.
Al Zollar, general manager of IBM Tivoli software, says customers want better ways to manage identity and access to computer systems.
This is the sixth completed acquisition by IBM this year. IBM has spent more than $20 billion on more than 60 acquisitions of hardware, services and software companies. IBM Software Group has acquired 53 companies since 2000, including Encentuate.
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