M&A Deal Summary

IBM Acquires Polar Security

On May 16, 2023, IBM acquired information technology company Polar Security for 60M USD

Acquisition Highlights
  • This is IBM’s 42nd transaction in the Information Technology sector.
  • This is IBM’s 33rd largest (disclosed) transaction.
  • This is IBM’s 6th transaction in Israel.

M&A Deal Summary

Date 2023-05-16
Target Polar Security
Sector Information Technology
Buyer(s) IBM
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Polar Security

Tel-Aviv, Israel
Polar Security helps companies discover, continuously monitor and secure cloud and software-as-a-service (SaaS) application data – and addresses the growing shadow data problem. Polar Security was formed in 2021 and is based in Tel-Aviv, Israel.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States

Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


DEAL STATS #
Overall 192 of 204
Sector: Information Technology M&A 42 of 48
Type: Add-on Acquisition M&A Deals 171 of 181
Country: Israel M&A 6 of 6
Year: 2023 M&A 2 of 5
Size (of disclosed) 33 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-28 NS1

New York, New York, United States

NS1 is a provider of network automation SaaS solutions that are designed to enable businesses to deliver content, services and applications to millions of users while helping optimize performance, reliability, security and cost. NS1 was formed in 2013 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Apptio

Bellevue, Washington, United States

Apptio is a business management system for hybrid IT. Apptio transforms the way IT runs its business and makes decisions. With its cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. Apptio was formed in 2007 and is headquartered in Bellevue, Washington.

Buy $4.6B