Trusteer
Israeli anti-fraud and malware-protection company co-founded by Mickey Boodaei, who spent six years in military cyber-security work; bought by IBM in 2013
| Trusteer
| |
|---|---|
| Type | Acquired (part of IBM) |
| Founded | 2006 |
| Founder(s) | Mickey Boodaei, Rakesh Loonkar, Amit Klein, Shmulik Regev, Eldan Ben-Haim |
| Headquarters | Israel; office in Boston, United States |
| Industry | Cyber security (fraud prevention and malware protection) |
| Parent | IBM (from 2013) |
Trusteer was an Israeli cyber-security company whose software helped banks and other businesses protect themselves against financial fraud and malware. Globes reported in August 2013 that it was used by seven of the ten largest US banks and nine of the ten largest UK banks. That month IBM announced that it was buying the company; Globes said market estimates put the price at $630 million, plus some tens of millions of dollars to be paid directly to employees, and that it was IBM's largest acquisition in Israel.[1]
Founders and the IDF
Globes reported that Trusteer "was founded in 2006 by Mickey Boodaei, Rakesh Loonkar, Amit Klein, Shmulik Regev, and Eldan Ben-Haim and is backed by US Venture Partners and Shlomo Kramer".[1] In a 2023 interview Boodaei, by then chief executive of Transmit Security, said: "I spent six years in the Israeli military focusing on cybersecurity, due to our mandatory military service." He added that if he could go back he "would probably choose a field military unit instead of a technology one".[2] He did not name the unit.
Sale to IBM
Globes said only $10 million had been invested in Trusteer before the sale, and that IBM planned a cyber-security software laboratory in Israel bringing together more than 200 Trusteer and IBM researchers and developers.[1]
See also
- Transmit Security
- Shlomo Kramer
- Cyber and tech firms founded by ex Unit 8200 or occupation forces veterans
Notes
- ↑ 1.0 1.1 1.2 Yossi Nissan, IBM buys Israeli data security co Trusteer, Globes, 15 August 2013, accessed 21 October 2026.
- ↑ Get to Know: Mickey Boodaei, CEO and Co-Founder, Transmit Security, Intelligent CIO North America, 4 August 2023, accessed 21 October 2026.