Product category:
Manufacturing dealerships, agencies and acquisitions
News Release from: IBM
Edited by the Manufacturingtalk Editorial
Team on 25 August 2006
IBM's acquisition to improve compters'
security
IBM and Internet Security Systems have announced that the two companies have entered into a definitive agreement for IBM to acquire Internet Security Systems in an all-cash transaction.
IBM and Internet Security Systems (ISS) have announced the two companies have entered into a definitive agreement for IBM to acquire Internet Security Systems in an all-cash transaction at a price of approximately US$1.3 billion, or US$28/share ISS is a major player in IT security, providing security solutions to thousands of the world's leading companies and governments, using highly advanced software for early detection of internet threats against corporate networks, desktops and computer systems
This article was originally published on Manufacturingtalk on 6 Jul 2004 at 8.00am (UK)
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The acquisition further boosts IBM's capabilities in the US$33 billion security market and on the heels of recent IBM acquisitions, such as Webify, MRO Software and FileNet, the addition of ISS fits squarely into IBM's strategy to build repeatable, software-based services solutions.
At US$1.3 billion, ISS is the 5th-largest acquisition in IBM's history ISS is the largest acquisition by IBM Global Services since it acquired Price Waterhouse Coopers Consulting in 2002.
The acquisition of ISS gives IBM's security services business an industry-leading automated security platform to offer standardized, enterprise-wide preemptive protection against security threats.
Adding ISS' automated security platform, services, software and expert consultants to IBM's global security portfolio will help clients battle stay ahead of multiplying security threats, viruses and attacks.
Software-based services solutions like security are IBM's silver bullet as it moves its US$32 billion technology services business from a traditional labor-based model to one that also leverages repeatable, software-based services.
The move is unprecedented in the history of services business, and the bold strategy is showing signs of paying off, with eight consecutive quarters of profit margin improvements for IBM in a fiercely competitive services market.
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