Link Details

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

Add your comment


Html tags not supported. Reply is editable for 5 minutes. Use [code lang="java|ruby|sql|css|xml"][/code] to post code snippets.

Recommended Links

Scala
Written by: Ryan Knight
Featured Refcardz: Top Refcardz:
  1. Apache Hadoop
  2. Play
  3. Akka
  4. Debugging JavaScript
  5. Design Patterns
  1. Apache Hadoop
  2. REST
  3. Java
  4. Git
  5. Java Performance
Connect with DZone