Technology giant IBM has agreed to acquire Trusteer, a provider of software that helps protect organizations against financial fraud and advanced security threats.
With offices located in Boston and Tel Aviv, Israel, Trusteer helps organizations including many financial institutions protect Web applications, employee and customer computers, and mobile devices from threats.
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The acquisition of Trusteer advances the investment IBM is making in cloud-delivered software and services. Financial terms were not disclosed.
IBM said that as part of this announcement, it is forming a cybersecurity 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," the company said in a statement.
Brendan Hannigan, general manager of security systems division at IBM, said: "Trusteer’s expertise and superior technology in enterprise endpoint defence and advanced malware prevention will help our clients across all industries address the constantly evolving threats they are facing.
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By GlobalData"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 defence against sophisticated attackers."
