Raytheon forms defense-grade security unit with $1.9 billion Websense buy

Ever since its acquisition of Q1 Labs back in 2011, IBM has been selling its QRadar security event management software in the traditional way, whereby customers pay a price and download the version they want.

On Tuesday, however, the company launched two new services that make the technology available through a cloud-based Software as a Service (SaaS) model instead.

IBM Security Intelligence on Cloud, for instance, is designed to help organizations determine whether security-related events are simple anomalies or potential threats. Built as a cloud service using IBM QRadar, the tool lets enterprises correlate security-event data with threat information from more than 500 supported data sources for devices, systems and applications. More than 1,500 predefined reports are also available for a variety of use cases.

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