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April 23, 2014 / 23 Nisan, 5774
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Posts Tagged ‘Trusteer’

IBM to Pay $1 Billion for Israeli Data Security Firm

Thursday, August 15th, 2013

IBM has agreed to acquire the Israeli data security firm Trusteer for an undisclosed sum that is believed to be up to $1 billion.

Trusteer, which has locations in Tel Aviv and Boston, develops software to help businesses protect themselves against financial fraud and security threats.

Upon the official closing of the deal, Trusteer will join the IBM Security Systems organization, IBM announced Thursday.

IBM, an American multinational technology and consulting corporation, is forming a cybersecurity software lab in Israel where Trusteer and IBM researchers will work on advanced software to address more complicated cyber threats.

This would be IBM’s largest ever acquisition in Israel, according to the Israeli business daily Globes. The purchase price is believed to be between $800 million and $1 billion.

Meanwhile, Apple has agreed to buy the Israeli start-up Matcha.tv, the website VentureBeat reported Tuesday.

Matcha, which shut down in May, is a second screen TV/video app that allows users to find out what shows are available on cable TV providers, streaming video services and digital video stores, and makes recommendations based on the user’s viewing habits.

The purchase price is believed to be between $1 million and $1.5 million.

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

Thursday, August 15th, 2013

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.

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

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