ARMONK, N.Y. – In a move to bolster cybersecurity for hybrid cloud environments, IBM (NYSE:IBM) and Microsoft (NASDAQ:MSFT) have announced an enhanced collaboration. This partnership aims to simplify and modernize security operations for clients, ensuring robust protection for cloud identities and data.
The alliance leverages IBM Consulting's cybersecurity services and Microsoft's security technology suite to provide comprehensive tools and expertise. These resources are designed to help organizations streamline their security operations and harness the power of cloud computing while safeguarding sensitive information and facilitating business growth.
IBM's Threat Detection and Response (TDR) Cloud Native service integrates with Microsoft Sentinel, Microsoft Defender XDR, and Microsoft Defender for Cloud, utilizing AI-powered technologies to expedite threat detection and response.
IBM Consulting offers around-the-clock monitoring and automated security alert remediation, assisting clients in transforming their security operations to extract maximum value from Microsoft's security solutions. The service has earned the Microsoft MXDR verified solution status for its integration with Microsoft's Security platform.
Addressing the complexity of cloud identity management, IBM Consulting and Microsoft have devised a comprehensive solution that incorporates Microsoft Entra® suite of tools, augmented by IBM's automation and industry expertise.
This initiative aims to streamline the cloud journey, optimize identity landscapes, and reduce the costs associated with running multiple identity tools, resulting in a secured and cost-effective service.
Alym Rayani, VP Security Marketing at Microsoft, emphasized the need for a unified approach to cloud security that protects enterprises comprehensively. The partnership simplifies client access to secure cloud and AI technologies, driving innovation across various industries.
Furthering their commitment, IBM Consulting and Microsoft are co-investing in go-to-market strategies and reskilling programs to support the new offerings. IBM Consulting's 1,300 Microsoft certified security practitioners are trained to integrate Microsoft-based security tools effectively into clients' cloud and application infrastructures.
The collaboration's success is exemplified by Vale, a mining company, where the cyber defense centre team leverages both Microsoft's security technology and IBM Consulting's Threat Detection and Response Services for enhanced cyber protection.
This partnership builds upon IBM and Microsoft's history of joint enterprise-class cloud and security solutions development and delivery. The strategic alliance is set to be discussed in greater detail during an upcoming webinar on July 18, 2024.
This article is based on a press release statement.
InvestingPro Insights
In light of IBM's enhanced collaboration with Microsoft to fortify cybersecurity in hybrid cloud environments, it's valuable to consider the company's financial stability and market position. IBM's commitment to cybersecurity is backed by its strong financial performance and consistent shareholder returns.
An InvestingPro Tip that stands out is IBM's remarkable track record of raising its dividend for 28 consecutive years, demonstrating its ability to generate stable cash flows and commitment to returning value to shareholders. Moreover, IBM's valuation suggests a robust free cash flow yield, which could indicate the company is undervalued relative to the cash it's generating.
From the latest InvestingPro Data, IBM's market capitalization stands at $160.82 billion, reflecting its significant presence in the market. The company's P/E ratio, adjusted for the last twelve months as of Q1 2024, is 19.05, which may appeal to investors looking for reasonable valuations in the tech sector. Moreover, IBM's dividend yield as of mid-2024 is 3.86%, which is particularly attractive to income-focused investors.
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