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Another exit for an Israeli enterprise startup and a deeper move into Israel by one of the world’s tech titans: IBM today announced the acquisition of Trusteer, a specialist in cybersecurity primarily for financial services. Terms of the deal have not been disclosed. We have been digging and heard from a source that it’s the latter of the two: $1 billion, after Israeli financial paper Calcalist (in Hebrew) earlier reported the deal in the range of between $800 million and $1 billion. If correct, that’s a huge exit: the company had only raised $10.1 million from angels and U.S. Venture Partners.

Posted by dotCore  |   Submitted: Aug 15 2013 / 15:33

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