Press Esc to close

IBM acquires Israeli data security company

Jerusalem, Aug 16, 2013, (IANS) : 11:47 IST
IBM Haifa Research Lab, Haifa, Israel. WIkipedia Image
US technology giant IBM announced that it has purchased Israeli data security company Trusteer, Globes economic daily reported.

According to the report, the deal is estimated to be valued at $630 million in addition to millions of dollars' salary payment to Trusteer's employees, Xinhua reported.

IBM will also set up an Israeli software lab where 200 engineers will conduct research and development on mobile device security apps and cloud-delivered security solutions.

"Trusteer's experience and superior technology in endpoint defence and advanced malware prevention will help our clients across all industries address the constantly evolving threats they are facing," IBM said in a statement Thursday.

"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 defence against sophisticated attackers," it added.

Go to Top

More from this section
Most trending stories
Photo Gallery
Sehwag and Kaif at the announcement of the inaugural edition of St. Moritz Ice Cricket...

Sehwag and Kaif at the announcement of the inaugural edition of St. Moritz Ice Cricket...

A general view of Mumbai's central financial district...

A general view of Mumbai's central financial district...

BJP supporters pose after lighting candles in a formation of the map of Gujarat...

BJP supporters pose after lighting candles in a formation of the map of Gujarat...

Mulayam Singh offers cake to his son Akhilesh Yadav during his 79th birthday celebrations....

Mulayam Singh offers cake to his son Akhilesh Yadav during his 79th birthday celebrations....

Trump with Melania Trump and their son Barron Trump...

Trump with Melania Trump and their son Barron Trump...

Shah Rukh Khan at the Mard Concert, also known as Lalkar...

Shah Rukh Khan at the Mard Concert, also known as Lalkar...

Murli Vijay, K L Rahul and Vijay Shankar at a practice sesion in Nagpur ...

Murli Vijay, K L Rahul and Vijay Shankar at a practice sesion in Nagpur ...

Sikh devotees carrying palanquin in a Nagar Kirtan procession at the Golden Temple...

Sikh devotees carrying palanquin in a Nagar Kirtan procession at the Golden Temple...

A BJP worker dressed up Lord Hanuman along with a Muslim party worker takes part in a campaign...

A BJP worker dressed up Lord Hanuman along with a Muslim party worker takes part in a campaign...

Shraddha Kapoor being felicitated by Film maker Subhash Ghai as the youth icon during IFFI...

Shraddha Kapoor being felicitated by Film maker Subhash Ghai as the youth icon during IFFI...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.