IBM has announced the acquisition of Trusteer, a privately held provider of software that helps protect organisations against fraud and advanced security threats.
In August, IBM announced it had entered into a definitive agreement to acquire Trusteer but financial terms were not disclosed.
That agreement is now finalised and as part of the deal IBM is forming a cyber security software lab in Israel that will consist of more than 200 Trusteer and IBM researchers. It will have a distinct focus on mobile and application security, advanced threat protection, malware, counter-fraud and financial crimes.
Brendan Hannigan, general manager of IBM Security Systems, said the acquisition builds on more than 40 years of experience.
"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," he added.
The cyber security protection offered by Trusteer is scalable and helps protect millions of endpoints, including smartphones and tablets. Mobile is becoming a prominent element in the financial world and this move narrows IBMs focus in this area.
By Gary Cooper