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IBM agrees Trusteer acquisition

15 August 2013  |  5042 views  |  0 safelock

IBM is buying security software vendor Trusteer and opening a cybersecurity lab in Israel. Financial terms of the acquisition were not disclosed.

With offices in Boston and Tel Aviv, Trusteer helps firms protect Web applications, employee and customer computers, and mobile devices from cyber threats.

Among its clients are financial services firms such as Bank of America, HSBC, PayPal and RBS, who use its technology to protect their customers against financial fraud and cyber-attacks.

Big Blue says that it will set up 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, malware, counter-fraud, and financial crimes.

Brendan Hannigan, GM, security systems division, IBM, says: "Trusteer's expertise and superior technology in enterprise endpoint defence and advanced malware prevention will help our clients across all industries address the constantly evolving threats they are facing."

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