Connect with us

Hi, what are you looking for?


Management & Strategy

IBM Completes Acquisition of Trusteer

IBM announced on Tuesday that it has completed the acquisition of Trusteer, a Boston-based provider of fraud and advanced threat protection solutions.

IBM announced on Tuesday that it has completed the acquisition of Trusteer, a Boston-based provider of fraud and advanced threat protection solutions.

The close of the acquisition comes just over two weeks after IBM announced that it had entered into a definitive agreement to acquire the security firm.

Financial terms were not disclosed, but some reports said IBM paid between $800 million to $1 billion to acquire Trusteer, with Techcrunch citing a source saying it was the latter of the two.

“Trusteer will extend our data security capabilities further into the cloud, mobile and endpoint security space,” said Brendan Hannigan, General Manager, IBM Security Systems. “This acquisition helps provide our clients with comprehensive network and endpoint anti-malware solutions.”

“I think Trusteer has interesting technology that fills a big hole in IBM’s product line in terms of being able to deal with advanced malware,” Mike Rothman, Analyst and President at security advisory firm Securosis, told SecurityWeek previously.

IBM also announced in August that it was forming 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 protection, malware, counter-fraud, and financial crimes.

Trusteer was founded in 2006 by Mickey Boodaei, Rakesh Loonkar, Amit Klein, Shmulik Regev, and Eldan Ben-Haim and is backed by U.S. Venture Partners and Shlomo Kramer.

Advertisement. Scroll to continue reading.

IBM has created a site that provides additional information on the acquisition of Trusteer.

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.


Twenty-one cybersecurity-related M&A deals were announced in December 2022.