IBM (IBM) Completes Q1 Labs Acquisition; CEO Hannigan to GM Security Division

IBM (NYSE: IBM) today announced that it has completed the acquisition of Q1 Labs Inc., a privately-held company based in Waltham, Mass. On October 4, IBM announced that it had entered into a definitive agreement to acquire Q1 Labs, which provides advanced analytics to detect and flag suspicious or abnormal events. Financial terms were not disclosed.

Following today's acquisition closing, Q1 Labs CEO Brendan Hannigan will assume the role of general manager of IBM's newly formed Security Systems Division.

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