IBM [IBM] last week said it has agreed to acquire Israel’s Trusteer, a provider of software to protect against network security threats, complementing its existing cyber security solutions and boosting its capabilities in cloud-delivered software and services.
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“Trusteer’s expertise and superior technology in enterprise endpoint defense and advanced malware prevention will help our clients across all industries address the constantly evolving threats they are facing,” Brendan Hannigan, general manager, Security Systems Division at IBM, said in a statement. “Together with IBM’s capabilities in advanced threat detection, analysis and remediation, we will now be able to offer our clients several additional layers of defense against sophisticated attackers.”
IBM said that Trusteer’s cloud-delivered security solutions that will complement its 100 Software as a Service solutions.
Terms of the agreement, which is expected to close in the third quarter of 2013, were not disclosed. IBM will combine its existing security research and development capabilities in Israel with Trusteer research in Tel Aviv to form a cyber security software lab consisting of more than 200 employees that will focus on mobile and application security, advance threat, malwar4e, computer fraud and financial crimes.
Trusteer’s customers include seven of the top 10 banks in the United States and nine of the top 10 banks in the United Kingdom, IBM said. The company’s products are used to help secure customer accounts against financial fraud and cyber attacks.
Trusteer also has an office in Boston.