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
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
“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.
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approaches to securing enterprise and mobile data are no longer valid,” he
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
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
Venturebeat had one source pegging the deal at $1m. to $1.5m.,
though other outlets in Israel estimated it was ten times that
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.