IBM to buy Internet Security

By | August 23, 2006

IBM, the world´s largest information technology company, said Wednesday it had agreed to buy Internet Security Systems Inc. for $1.3 billion, continuing an acquisition drive to fuel growth.

International Business Machines Corp. said it will pay $28 a share for the company, which helps corporate customers protect against Internet threats across networks, desktop computers and servers. Internet Security Systems (Charts) shares closed at $26 on Tuesday.

BM will sell Internet Security´s products through its global services unit, the world´s largest IT services company.

“This is something we couldn´t do before because we didn´t have the software assets to provide protection against Internet attacks,” said Kristof Kloeckner, vice president of strategy and technology for IBM´s software group.Read Full Story

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