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IBM Completes Trusteer Acquisition

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IBM Completes Trusteer Acquisition
[ Business]

IBM has completed its acquisition of Trusteer, first announced last month.

“The way organizations protect data is quickly evolving,” said Trusteer CEO Mickey Boodaei at the time. “As attacks become more sophisticated, traditional approaches to securing enterprise and mobile data are no longer valid. Trusteer has helped hundreds of large banks and organizations around the world defeat thousands of sophisticated attacks using innovative solutions that combine intelligence, cloud, mobile, and desktop technologies.”

When IBM announced the acquisition, it also announced that it would be launching a cybersecurity lab in Israel, which it said would bring together 200 Trusteer and IBM researchers and developers. At the lab, workers will focus on mobile security, advanced cyber threats, malware, counter-fraud and financial crimes.

“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.”

“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, 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.”

Financial terms of the deal were not disclosed.

Image: IBM (YouTube)

IBM Completes Trusteer Acquisition
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