International Business Machines Corp. (NYSE:IBM) Appoints New Leaders For Its Security Unit


International Business Machines Corp. (NYSE:IBM) has named Marc van Zadelhoff as the new General Manager of IBM Security. Zadelhoff, who was previously VP of Strategy and Product Management at IBM, will assume his new role early next year, thus replacing Brendan Hannigan. According to sources, Hannigan is stepping down so that he can spend more time with his family.

The change of guard at International Business Machines Corp. (NYSE:IBM)’s Security division is coming at a time when so much has started to happen in the business. For example, IBM is this week expected to launch an open security analytics platform along the same lines as Salesforce.com, Inc. (NYSE:CRM)’s App Exchange. The open IBM Security QRadar is expected to enable outsiders to contribute security information to the platform to help take the fight against cybercriminals to the next high level.

App Exchange strategy

App Exchange strategy worked excellently for Salesforce, catapulting it to the leadership of CRM. It is hoped that taking the same approach would enable International Business Machines Corp. (NYSE:IBM) to rapidly strengthen its IBM Security unit and also create a vibrant security community.

Security collaboration

Because IBM’s leadership, including CEO, Ginni Rometty, believes that cybercrime is the greatest threat to organizations and devices today, App Exchange is a great way to evangelize the importance of security collaboration. In any case, cybercriminals are already good at collaborating and emulating their strategy should bolster the efforts to thwart their schemes.

IBM’s security rankings

International Business Machines Corp. (NYSE:IBM) is keen to lead in the cyber security space. According to Gartner, IBM is already the largest enterprise-only global security vendor. With 6,000 security experts backed by decades of spot-on technology and talent acquisitions, IBM considers itself the third-largest global security software vendor.

Only 2% of total revenue

Keen to sidestep the weakness in its legacy businesses, International Business Machines Corp. (NYSE:IBM) is looking for new growth in the cloud, security, big data and analytics. However, security remains a small part of its new businesses. With just about $1.5 billion, Security accounts for nearly 2% of IBM’s overall revenue. The next phase of IBM Security growth should be more rapid as the company takes App Exchange approach and puts a fresh talent in the leadership of the security division.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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