IBM on Thursday said it will acquire security software provider Trusteer. The IT giant did not disclose financial details.
Trusteer will enable IBM to accelerate cloud-delivered software and services as Trusteer provides software to protect organizations against financial fraud and security threats.
Following the acquisition, IBM is also forming a cybersecurity software lab in Israel — wherein Trusteer has its headquarter.
The objective of the security lab is to bring together more than 200 Trusteer and IBM 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.
Besides Israel, Trusteer has offices in Boston, and U.S. and U.K. are the two key markets for the company.
7 of the top 10 U.S. banks and 9 of the top 10 U.K. banks use Trusteer’s solutions to secure customer accounts against financial fraud and cyber attacks.
The company offers protection to Web applications, employee and customer computers, and mobile devices.
“Trusteer’s 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,” said Brendan Hannigan, general manager, Security Systems Division, IBM.
Cloud-delivered security solutions by Trusteer will complement more than 100 Software as a Service (SaaS) solutions offered by IBM.
Trusteer’s cybersecurity protection can scale to help protect tens of millions of endpoints, including smartphones and tablets.
The acquisition of Trusteer will complement IBM’s advanced portfolio of counter-fraud software and services, including QRadar, i2, SPSS, InfoSphere and Enterprise Content Management.