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IBM Buys Q1 Labs, Forms IBM Security Systems Division

IBM has announced a definitive agreement to acquire privately held Q1 Labs, a Waltham, Massachusetts-based provider of security intelligence software. Financial terms were not disclosed. Following the close of the acquisition, Q1 Labs will join the newly-formed IBM Security Systems division, representing the world’s most comprehensive security portfolio.

After the close, IBM intends the new division to be led by Brendan Hannigan, CEO of Q1 Labs. The new division will target a $94 billion opportunity in security software and services, which has a nearly 12 per cent compound annual growth rate, according to IBM estimates. Q1 Labs will join the more than ten strategic security acquisitions IBM has made in the last decade and the more than 25 analytics-related purchases, including the recent acquisition of security analytics software firm, i2.

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A comprehensive list of 2023 & 2024 tech layoffs — TC

The final total of layoffs for 2023 ended up being 262,735, according to Layoffs.fyi. Tech layoffs conducted in 2023 were 59% higher than 2022’s total.

Gradial raises $5.4M

Gradial, based in Seattle, WA, has announced a $5.4 million seed funding round. The investment is led by Madrona.

CMS awards ICF $50M in digital modernization contract extensions

The U.S. Department of Health and Human Services (HHS) has extended two contracts with ICF for the cloud migration and digital modernization of Centers for Medicare & Medicaid (CMS) systems.

Court orders maker of Pegasus spyware to hand over code to WhatsApp — The Guardian

NSO Group, the maker of one the world’s most sophisticated cyber weapons, has been ordered by a US court to hand its code for Pegasus and other spyware products to WhatsApp as part of the company’s ongoing litigation, writes Stephanie Kirchgaessner.