IBM to Acquire Trusteer

IBM (NYSE: IBM) is to acquire Trusteer, a Boston, MA and Israel-based provider of cybersecurity software.

The amount of the transaction was not disclosed.

Founded in 2006 by CEO Mickey Boodaei, Rakesh Loonkar, Amit Klein, Shmulik Regev, and Eldan Ben-Haim, and backed by U.S. Venture Partners and Shlomo Kramer, Trusteer provides software that helps protect organizations including financial institutions protect Web applications, employee and customer computers, and mobile devices from fraud and advanced security threats.

The acquisition is aimed at advancing the investment IBM is making in cloud-delivered software and services and will complement its advanced portfolio of counter-fraud software and services, including QRadar, i2, SPSS, InfoSphere and Enterprise Content Management.
As part of the deal, 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, malware, counter-fraud, and financial crimes.┬áThe lab is an addition to IBM’s existing research and development facilities in Israel.



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