IBM Corp. announced it had completed the acquisition of Boston-based Trusteer Ltd., a privately held software provider. The Armonk-based multinational technology and consulting company entered into a definitive agreement with Trusteer Aug. 15.
An IBM spokeswoman said the purchase price cannot be disclosed because Trusteer is a privately held company.
With the acquisition, IBM said it can further protect its clients through the cloud-based security solutions Trusteer provides.
“The acquisition of Trusteer builds on more than 40 years of IBM”™s rich contribution to the security space,” Brendan Hannigan, general manager, IBM Security Systems, said in a written statement. “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.”
Through Trusteer’s cloud-delivered security solutions, companies can receive real-time updates on malicious activities. Trusteer also provides software that combats account takeovers with device detection, complex device fingerprinting and global fraudster database.
IBM manages 15 billion security events daily for close to 4,000 clients worldwide and holds over 3,000 security patents.
