IBM To Pay Up To $1B For Cybersecurity Firm Trusteer

Law360, New York (August 15, 2013, 6:35 PM EDT) -- IBM Corp. plans to buy venture-backed security company Trusteer and set up a cybersecurity software lab in Israel, the company announced Thursday, in a deal reportedly valued at up to $1 billion. 

Trusteer, which has offices in Boston and Tel Aviv, provides endpoint cybercrime prevention technology and services to financial customers in the U.S., Canada and Australia, and will become a part of IBM's Security Systems division. The acquisition will bolster IBM's capabilities in cloud security, counterfraud, advanced persistent threat protection and secure mobile transactions, the...
To view the full article, register now.