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 but Israeli financial paper Calcalist (in Hebrew) reports it 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.
(We have reached out to one of Trusteer’s founding investors and to IBM to try to confirm the price, and are continuing to look elsewhere.)
SOURCE: techcrunch.com
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