IBM Closes on Acquisition of Trusteer
IBM recently announced that it has completed the acquisition of Trusteer, Ltd., a privately held leading provider of software that helps protect organizations against fraud and advanced security threats. On August 15, IBM announced that it had entered into a definitive agreement to acquire Trusteer. Financial terms were not disclosed.
"The acquisition of Trusteer builds on more than 40 years of IBM’s rich contribution to the security space,” said Brendan Hannigan, General Manager, IBM Security Systems. “Trusteer will extend our data security capabilities further into the cloud, mobile and endpoint security space. This acquisition helps provide our clients with comprehensive network and endpoint anti-malware solutions.”
Also announced on August 15, IBM is forming a cybersecurity software lab in Israel that will bring together more than 200 Trusteer and IBM researchers and developers to focus on mobile and application security, advanced threat protection, malware, counter-fraud, and financial crimes. This lab is an addition to IBM’s existing research and development facilities in Israel.
Please read the entire press release here