Goodwin Procter represented client Q1 Labs in its acquisition by IBM, announced this week. Q1 is a Waltham, Massachusetts-based provider of security intelligence software with more than 1,800 clients globally. Q1 is the fifth company represented by Goodwin that has been acquired by IBM in the last 18 months.
Q1’s advanced analytics and correlation capabilities can automatically detect and flag actions that deviate from normal policies and typical behavior to help detect security breaches. Following the close of the acquisition, Q1 Labs will join the newly formed IBM Security Systems division.
More details on the acquisition can be found in IBM’s press release here.
The Goodwin Procter deal team was led by John Egan and Dave Powers, partners in the firm's Tech Companies Group.