IBM logo. Credit: Wikimedia Commons.

(Israel Hayom/Exclusive to
Technology giant IBM announced Thursday that it plans to acquire
Israeli security software vendor Trusteer for an undisclosed amount, believed
to be between $800 million and $1 billion.

IBM logo. Credit: Wikimedia Commons.

With offices in Boston and
Tel Aviv, Trusteer helps firms protect Web applications, employee and customer
computers, and mobile devices from cyber threats. Among Trusteer’s more
prominent clients are financial services firms such as Bank of America, HSBC,
PayPal and RBS. Trusteer is considered one of the fastest-growing cybersecurity
companies in Israel, with an annual income of $100 million.

As part of its acquisition announcement, IBM said that it will set up a cybersecurity software lab in
Israel that will bring together more than 200 Trusteer and IBM researchers and

expertise and 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,” Brendan Hannigan, general manager of the security systems division at IBM, said in a statement.

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