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

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Topics: Trusteer, business issues, security, IBM, Mergers and acquisitions
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?