IBM Corp. Wednesday announced that it has agreed to acquire DASCOM, Inc., a Web-based and enterprise security technology company.
The acquisition was made to strengthen IBM’s leadership in e-business and security by leveraging DASCOM’s access control technology portfolio and expertise in Internet and intranet
security, the firms said. DASCOM, based in Santa Cruz, Calif., will become a wholly owned subsidiary of
IBM. Financial terms of the deal were not disclosed.
DASCOM technologies works to help businesses safely connect
their systems to the Web, securing transactions that span from the Internet
to mission-critical corporate systems. The company created concept of
centralized authorization services for network applications.
IDC Research estimates that the market for access control, authorization and
administration — the largest segment of the Internet security market — will
grow 18.3 percent yearly to $3.7 billion in 2003. Access control and authorization
provide centralized control over who may access and use a company’s
applications, data and other resources via the Web.
“Any company conducting e-business needs to control exactly who has access to
its resources,” said Al Zollar, general manager, Network Computing Software
Division, IBM. “The powerful combination of DASCOM’s innovative technology
and IBM’s leading-edge security solutions will give our customers a total
arsenal for protecting their electronic assets while building even closer
online relationships with their customers.”
