IBM buys Q1 Labs, acquires New Brunswick R&D centre
A technology research and development centre in New Brunswick is being acquired by IBM Corp. through its purchase of Q1 Labs, a privately held security intelligence company.
Q1 Labs, headquartered in Massachusetts, will become part of the new IBM Security Systems division, which will be led by Brendan Hannigan, chief executive of Q1 Labs.
The company’s analytics technology can automatically detect and flag actions, such as an employee accessing unauthorized information.
Q1 Labs has more than 1,800 clients globally, including health-care providers, energy firms, retail organizations, utility companies, financial institutions, government agencies, educational institutions, and wireless service providers.
The company was founded by employees of the University of New Brunswick, including Sandy Bird, who has been the company’s chief technology officer.
Bird studied electrical engineering at UNB and held a variety of technical positions at the university before leaving for Q1 Labs. The company’s headquarters has been in Waltham, Mass., since 2001.
