IBM to acquire Israeli data security company for up to $1 billion

JERUSALEM (JTA) — IBM, the American multinational technology and consulting corporation, has agreed to acquire an Israeli data security company for an undisclosed sum, believed to be up to $1 billion.

Trusteer, which has locations in both Tel Aviv and Boston, develops software to help businesses protect themselves against financial fraud and security threats. Upon the official closing of the deal, Trusteer will join the IBM Security Systems organization, IMB announced Thursday.

IBM is forming a cybersecurity software lab in Israel where Trusteer and IMB researchers will work on advanced software to address more complicated cyber threats.

This is IBM’s largest ever acquisition in Israel, according to the Israeli business daily Globes. The purchase price is believed to be between $800 million and $1 billion.

Meanwhile, Apple has agreed to buy the Israeli start-up, the website VentureBeat reported late on Tuesday.

Matcha, which shut down in May, is a second screen TV/video app that allows users to find out what shows are available on cable TV providers, streaming video services, and digital video stores and makes recommendations based on the user’s viewing habits.

The purchase price is believed to be between $1 million and $1.5 million.