IBM Completes Purchase of Security Software Firm Trusteer, Plans Lab in Israel

IBMlogo3 EbizIBM has finalized the purchase of security software provider Trusteer Ltd. for an undisclosed amount following a definitive agreement signed on Aug. 15.

Trusteer develops and provides software and cloud-based security-as-a-service products designed to help organizations prevent fraudulent activities and other potential threats against virtual networks, IBM said Tuesday.

“The acquisition of Trusteer builds on more than 40 years of IBM’s contribution to the security space,” said Brendan Hannigan, IBM Security Systems general manager.

IBM also intends to build up its portfolio of cyber products that work to operating systems against malware, viruses and suspicious programs that can damage systems, Hannigan added.

The company also plans to build a laboratory in Israel for 200 software developers and researchers from both companies to collaborate on cybersecurity, threat protection and counter-fraud products.

email
Filed in: Cybersecurity, News Tags: , , , , , , , , , , ,

You might like:

IBM and California Dep’t of Technology present CalCloud platform IBM and California Dep’t of Technology present CalCloud platform
Report: Global Healthcare Analytics Market to Grow 25% by 2019 Report: Global Healthcare Analytics Market to Grow 25% by 2019
Amazon Web Services Names Agilex as Consulting Partner; Roger Baker Comments Amazon Web Services Names Agilex as Consulting Partner; Roger Baker Comments
NTT DATA to Help NSW Transport Agency Implement SAP ERP Platform NTT DATA to Help NSW Transport Agency Implement SAP ERP Platform

Leave a Reply

Submit Comment

© 8781 ExecutiveBiz. All rights reserved.