web analytics
November 27, 2015 / 15 Kislev, 5776
At a Glance
News & Views
Sponsored Post

IBM Buys Out Israeli Data Security Firm for $300-400 Million

JewishPress Logo

IBM has announced it is buying up the Israeli data security company Trusteer for an undisclosed sum but which market analysts estimate is in the $300-400 million range. IBM said the purchase advances its investment in cloud-delivered software and services.

Trusteer provides software solutions to protect companies from financial fraud and security threats.

As part of this announcement, IBM is forming a cyber security 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. This lab is an addition to IBM’s existing research and development facilities in Israel.

Trusteer has offices in Boston and Tel Aviv and says its software can identify security threats that can be missed by traditional security software. Most of the top 10 American and British banks use Trusteer software, which helps ensure that banking customers can safely transfer money on a mobile device.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.

If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “IBM Buys Out Israeli Data Security Firm for $300-400 Million”

Comments are closed.

Current Top Story
Girl brandishing scissors during terrorist attack says he was just defending herself from counter-terrorists.
Teenage ‘Scissor Terrorist’ Complains ‘I Was Just Defending Myself’ [video]

Printed from: http://www.jewishpress.com/news/breaking-news/ibm-buys-out-israeli-data-security-firm-for-300-400-million/2013/08/15/

Scan this QR code to visit this page online: