Trusteer & IBM announced that IBM has entered into a definitive agreement to acquire Trusteer, a privately held Israeli security firm with locations in Boston, MA & Tel Aviv, Israel.
By JTA
JERUSALEM — 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.








