When Lance Crosby and Andrew Higginbotham left their respective executive posts at IBM SoftLayer and CenturyLink (CTL) early this year within a month of each other, many wondered where they were headed. Now we know.
The two executives are launching a security startup called StackPath. Details are sparce but a short post on the company’s site describes the macro security-in-the-age-of Internet-of-things issue:
They must be getting ready to talk because Higginbotham is tweeting about his new gig.
Crosby co-founded SoftLayer in 2005 and ended up at IBM (IBM) by virtue of that company’s $2 billion purchase of SoftLayer in 2013. Many expected him to become IBM’s top cloud guy, but that was not to be and he left the company just shy of the deal’s two-year anniversary. He’s been pretty quiet about his plans but has spoken at a few industry events since leaving Big Blue.
One thing is sure: Cybersecurity is a super hot topic in this age of seemingly daily breaches. And the stakes get raised as more data gathering devices are connected to the Internet of things. A new study sponsored by Hewlett-Packard (HPQ) and the Ponemon Institute found that the average annual cost of cybercrime to U.S. companies surveyed is $15 million, up 20% year over year.
For more on IBM’s cloud-and-data strategy, please check out the video below.
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