14 DAY TRIAL // In mid-August, we learned that IBM entered a definitive agreement to acquire Israel-based IT security company Trusteer. On Tuesday, IBM revealed that it completed the acquisition.
The financial terms of the acquisition have not been officially disclosed, but rumor has it that IBM paid over $800 million (€607 million) for the IT security solutions provider.
“The acquisition of Trusteer builds on more than 40 years of IBM's rich contribution to the security space,” noted Brendan Hannigan, general manager at 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.”
Following the acquisition, 200 Trusteer and IBM researchers and developers will join a new cyber security software lab in Israel. The lab will focus on financial crimes, malware, advanced threat protection, mobile and application security, and counter-fraud.
It’s worth noting that this new lab is an addition to IBM’s existing facilities in Israel.
“This acquisition is further proof that IBM is serious about providing clients with the security intelligence capabilities to help protect organizations in a constantly evolving threat landscape,” said John Johnson, global security strategist at John Deere.
“As part of IBM, Trusteer's counter-fraud capabilities, along with the creation of a cybersecurity software lab, will help make advances in counter-fraud and malware protection.”
IBM’s security portfolio will be enhanced with Trusteer solutions such as comprehensive counter-fraud and advanced persistent threat (APT) protection, Security-as-a-Service (SaaS) delivered via the cloud, and mobile transactions security.
Check out the video in which IBM announces the acquisition of Trusteer:
