August 15, 2013

IBM today announced it plans to acquire online banking security software provider Trusteer in an undisclosed deal.

Additionally, Big Blue also announced it will be creating 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. Trusteer has offices in Boston and Tel Aviv.

According to IBM, the acquisition of Trusteer is part of the overall investment strategy IBM is making in cloud-delivered software and services.

“Trusteer’s 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,” said Brendan Hannigan, General Manager, Security Systems Division, IBM in a statement. “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 defense against sophisticated attackers.”

Trusteer's banking clients include Bank of America, HSBC and RBS.

[BATS Global Markets]

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...