IBM Closes on Acquisition of Trusteer

Cybersecurity software lab will focus on mobile and application security

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Sep 03, 2013, 05:00 ET

ARMONK, N.Y., Sept. 3, 2013 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it has completed the acquisition of Trusteer, Ltd., a privately held leading provider of software that helps protect organizations against fraud and advanced security threats. On August 15, IBM announced that it had entered into a definitive agreement to acquire Trusteer. Financial terms were not disclosed.

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"The acquisition of Trusteer builds on more than 40 years of IBM's rich contribution to the security space," said Brendan Hannigan, General Manager, IBM Security Systems. "Trusteer will extend our data security capabilities further into the cloud, mobile and endpoint security space. This acquisition helps provide our clients with comprehensive network and endpoint anti-malware solutions."

Also announced on August 15, IBM 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 protection, malware, counter-fraud, and financial crimes. This lab is an addition to IBM's existing research and development facilities in Israel.

"This acquisition is further proof that IBM is serious about providing clients with the security intelligence capabilities to help protect organizations in a constantly evolving threat landscape," said John Johnson, Global Security Strategist, John Deere. "As part of IBM, Trusteer's counter-fraud capabilities, along with the creation of a cybersecurity software lab, will help make advances in counter-fraud and malware protection."

Among the capabilities Trusteer will bring to the IBM security portfolio:

Comprehensive Counter-Fraud and Advanced Persistent Threat (APT) Protection

Trusteer's cybersecurity protection scales to help protect tens of millions of endpoints, including smartphones and tablets. Malware and fraudulent activity can be identified and removed using solutions from Trusteer.

Security as a Service Delivered through the Cloud

Cloud-delivered security solutions by Trusteer will complement more than 100 Software as a Service (SaaS) solutions offered by IBM. Because Trusteer software can be delivered through the cloud, organizations can receive accurate, real-time updates on malicious activities and the latest threats, better protecting data from fraud and compromise.

Helping to Secure Mobile Transactions

Trusteer can help provide account takeover prevention with compromised device detection, complex device fingerprinting and a global fraudster database.

About IBM Security

IBM provides the security intelligence to help organizations protect their people, data, applications and infrastructure. IBM operates one of the world's broadest security research and development organizations. IBM manages and monitors 15 billion security events every day for nearly 4,000 clients around the world and holds more than 3,000 security patents. For more information on IBM security, please visit: www.ibm.com/security

To learn more about IBM's acquisition of Trusteer and to download an FAQ, please visit http://www.ibm.com/security/trusteer

To listen to a podcast discussing IBM's acquisition of Trusteer, please visit http://securityintelligence.com/all-resources/ibm-announces-intention-to-acquire-trusteer/

To view a short video discussing IBM's acquisition of Trusteer, please visit http://securityintelligence.com/resources/ibm-announces-intention-to-acquire-trusteer-video

Nicole Trager
IBM Media Relations
978-621-3076
[email protected]

Rachel Yaacobi
IBM Media Relations, Israel
+972-52-2554752
[email protected]

SOURCE IBM