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MarketScreener Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

INTERNATIONAL BUSINESS MACHINES CORPORAT

(IBM)
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International Business Machines : ONESECURE reshapes its go-to-market approach, bolsters SIEM with RSA NetWitness Platform upgrade

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06/24/2020 | 03:33am EDT

SINGAPORE, Jun 24, 2020 - (ACN Newswire) - - ONESECURE, an innovative cybersecurity company providing a wide range of managed security services, including 24x7 monitoring and alerting, today announced the upgrade of its security Information and event management (SIEM) to RSA NetWitness Platform, as part of its continuous commitment towards innovation. RSA NetWitness Platform enables accelerated threat detection and response through data collection and analysis across more capture points and computing platforms encompassing physical, virtual and cloud, and enriching this data with threat intelligence and business context.

The upgrade, which will be in full implementation starting July 2020, will strengthen ONESECURE's detection and investigation capabilities, translating to an enhanced ability to combat new threats. The new SIEM will be housed in a Tier-3 Datacenter in Singapore, with all of the logs collected, to remain in Singapore.

"Committed to being a trusted advisor for our customers on Cyber-Defence strategies, ONESECURE has been constantly innovating and reshaping its tools, to cope with today's rapidly evolving cyber threat landscape. We always endeavor to empower customers with the right solutions to protect them from hackers, and we will continue to invest in upgrading our tools to keep our clients' assets secure," said Edmund How, Founder and Managing Director, ONESECURE.

The new set-up will allow ONESECURE to serve larger enterprises and target even more diverse industries, given the enhanced capability to customise the SIEM infrastructure and software to different customers. ONESECURE will be offering two main services, as part of the platform:

-- Security-operations-center-as-a-service (SOC-as-a-service): This service offering enables customers to pay a monthly fee for using the platform and a 24x7 monitoring team. ONESECURE's managed services team will be handling the SIEM administration, freeing up enterprises' IT team's time to focus on other duties. Leveraging ONESECURE's expertise and innovative SIEM technology spares enterprises' IT teams from worrying about expenses around owning an SIEM system.

-- Platform-as-a-service: In this subscription model, customers will be providing their own 24x7 monitoring team.

ONESECURE has likewise made improvements to its web defacement monitoring tool, Webyith, and added Accedian, a next-generation intrusion detection tool, to its managed security service provider (MSSP) offerings.

"Our partnership with ONESECURE will help enable security teams to respond better through an elevated threat detection and response solution. This solution would allow security teams to fully assess, and ultimately, eradicate threats before they impact their business," said JP Yu, Business Director, APJ.

ONESECURE's SIEM upgrade to RSA NetWitness Platform is part of the organisation's aggressive stance in expanding across the ASEAN region.

About ONESECURE - https://www.onesecureasia.com.

ONESECURE Asia's expertise and services are built around its mission to provide reliable, robust and scalable technology solutions to cater its customers' needs. ONESECURE's solutions enable customers to fully grasp when, where, who, what, and how their data is being processed at every stage of the information cycle. At the core of its cyber defence strategy is cybersecurity monitoring. With a combination of existing Cybersecurity solutions and data analytics, ONESECURE has invented a way to bring world-class cybersecurity services to customers of all sizes.

Media Contact:

PRecious Communications

+65 6303 0567

onsecure@preciouscomms.com

Copyright 2020 ACN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

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Financials (USD)
Sales 2020 73 668 M - -
Net income 2020 8 004 M - -
Net Debt 2020 49 771 M - -
P/E ratio 2020 13,1x
Yield 2020 5,40%
Capitalization 105 B 105 B -
EV / Sales 2019
EV / Sales 2020 2,09x
Nbr of Employees 352 600
Free-Float 39,6%
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Mean consensus HOLD
Number of Analysts 20
Average target price 127,12 $
Last Close Price 117,71 $
Spread / Highest target 27,4%
Spread / Average Target 7,99%
Spread / Lowest Target -23,5%
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Managers
NameTitle
Arvind Krishna Chief Executive Officer & Director
James M. Whitehurst President, Head-Strategy, Cloud & Cognitive
Virginia M. Rometty Executive Chairman
James J. Kavanaugh Chief Financial Officer & Senior Vice President
Juan Antonio Zufiria Senior VP-IBM Global Technology Services
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