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IBM to Buy Israeli Company for $630 Million

Globes – IBM has announced the acquisition of Israeli data security company Trusteer. Financial details of the transaction were not disclosed, but according to market estimates the price is $630 million, plus some tens of millions of dollars that will be paid directly to the employees. The deal is expected to close in the third quarter, subject to the usual conditions.

This is IBM’s largest ever acquisition in Israel, and it will mean huge gains for Trusteer’s backers. Only $10 million have been invested in the company.

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Source: The Algemeiner

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Posted by on August 15, 2013. Filed under Business News,Israeli News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.