IBM acquires Israel’s Trusteer, Apple reportedly buys Matcha

IBM says acquisition would bring together over 200 employees from the two companies for a cyber-security lab in Israel.

By
August 15, 2013 22:36
2 minute read.
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Apple logo 311. (photo credit: REUTERS/Yuri Gripas)

The Israeli market saw acquisitions from two of the world’s leading technology companies, as IBM announced its acquisition of cyber-security firm Trusteer and Apple reportedly snatched up TV application Matcha.

IBM said its acquisition, aimed at bolstering its cloud-delivered services and its security, would bring together over 200 employees from the two companies for a cyber-security lab in Israel, separate from its other operations here.

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Though the companies did not disclose the price of the sale, Globes estimated it at $630 million, while Army Radio reported it between $800m. and $1 billion.

“Together with IBM’s capabilities in advanced threat detection, analysis and remediation, we will now be able to offer our clients several additional layers of defense against sophisticated attackers,” said Brendan Hannigan, general manager of IBM’s Security Systems Division.

Mickey Boodaei, the CEO of Trusteer, explained that the company’s specialty was dealing with evolving risk.

“As attacks become more sophisticated, traditional approaches to securing enterprise and mobile data are no longer valid,” he said.

Advanced malware detection and prevention technologies have to decide what files are good and bad in a short period of time, before they enter virtual environments, he explained. “What’s unique about our technologies is that we do all that in real time on the end device. We monitor files from the moment they enter and we never stop.”

Meanwhile, on Wednesday night, technology-blog Venturebeat reported that Apple acquired the Matcha, an Israeli app that allowed users to integrate video content from various sources, such as different streaming sites, let them watch it on the device of their choice and make recommendations.

Despite popularity in the app store, the app went silent in May, though its CEO Guy Piekarz said at the time that it was not “shutting down,” but simply working on a “new direction.”

A note on its website said that it had deleted all its users’ personal content.

Venturebeat had one source pegging the deal at $1m. to $1.5m., though other outlets in Israel estimated it was ten times that much.

Finance Minister Yair Lapid is to surely welcome both purchases; similar exits in the past have netted the government about a quarter of the sale price in taxes. With the deficit already seemingly on target to come in below the 4.65 percent target, the deals would give him greater flexibility in implementing the budget.


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