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August 15, 2013 12:44 pm GMT
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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uPS5gsLiPZM/
IBM Buys Israel/US Cybersecurity Specialist Trusteer For $800M-$1B
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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uPS5gsLiPZM/
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