Menu
IBM to acquire endpoint security company Trusteer

IBM to acquire endpoint security company Trusteer

IBM is also setting up a cybersecurity software lab in Israel

IBM has signed an agreement to acquire security company Trusteer, and plans to set up a cybersecurity software lab in Israel.

The financial terms of the proposed acquisition were not disclosed. With offices in Boston and Tel Aviv, Trusteer is a provider of endpoint cybercrime prevention technology and services, with customers among the top banks in the U.S., Canada and Australia.

The acquisition will bring to IBM capabilities in the areas of security as a service delivered through the cloud, counter-fraud and advanced persistent threat protection and secure mobile transactions, IBM said Thursday.

The Trusteer technologies will complement IBM's own software-as-a-service (SaaS) offerings and its portfolio of counter-fraud software and services, including QRadar, i2, SPSS, InfoSphere and Enterprise Content Management.

The cybersecurity software lab in Israel will combine 200 IBM and Trusteer staff working in the area of software security research and development, and will focus on mobile and application security, advanced threat, malware, counter-fraud, and financial crimes, IBM said. The new lab, called IBM Cybersecurity Software Lab, will be in addition to IBM's existing research and development facilities in Israel.

Trusteer's Cybercrime Prevention Architecture combines multi-layer security software with real-time threat intelligence to provide protection against malware and phishing attacks and meet regulatory compliance requirements, the company said on its website.

Founded in 2006, Trusteer has been diversifying outside the financial services market. It announced in July, for example, the general availability of its e-commerce fraud prevention service, to offer "bank grade" security to retailers, social media, dating, gaming and other consumer websites. It set up in April a sales and service center in Beijing to address demand from financial institutions in mainland China, Hong Kong and Taiwan for its fraud prevention and endpoint protection products.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Tags securityMergers and acquisitionsbusiness issuesIBMTrusteer

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments