According to the report, the deal is estimated to be valued at $630 million in addition to millions of dollars' salary payment to Trusteer's employees. IBM will also set up an Israeli software lab where 200 engineers will conduct research and development on mobile device security applications and cloud-delivered security solutions.

"Trusteer's experience and superior technology in endpoint defence and advanced malware prevention will help our clients across all industries address the constantly evolving threats they are facing," IBM said in a statement on Thursday.

"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 defence against sophisticated attackers," it added.

 (Agencies)

Latest News from World News Desk