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IBM invests $40 Million in IT security services, opens new operations centre

IBM Canada Ltd. announced today that it will expand its investment in security services by investing $40-million ov...


November 9, 2004  


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IBM Canada Ltd. announced today that it will expand its investment in security services by investing $40-million over the next five years in a Canadian Security Practice to help companies identify, understand and reduce their vulnerability to attacks on their security.

The expanded security practice is being supported by a new operations centre in Markham, Ont.

IT security is one of the fastest growing segments of the Canadian IT sector. According to IDC Canada, it is forecast to grow 12.7% this year over last year — creating a market worth an estimated at $765.3-millionin 2004.

“Canadian organizations are responding to increasing external threats, especially viruses and spam,” said Steve Poelking, Director of Research, Security and Infrastructure Management at IDC Canada.

“These threats are generating growth in the IT security market and they are highlighting the need for Canadian companies to have reliable networks to securely connect employees, customers and suppliers from various locations across the country.”

Despite that growth, IBM said there are significant gaps across Canada between the security “haves” and “have-nots.”

“We have found that too many companies are lacking a long term strategy to deal with future security challenges”, said Michael Small, Security Practice Executive, IBM Global Services, Canada. “If you are not anticipatingwhat’s coming next, your devices are only protecting you against yesterday’s threats.”

The new centre will provide real-time monitoring of security situations as well as coordinate response activities.