The Lazy Genius

Security News & Brain Dumps from Xavier Ashe, a Bit9 Client Partner

IBM Official Press about ISS Acquisition

Posted by Xavier Ashe on August 23, 2006

IBM (NYSE: IBM) and Internet Security Systems, Inc. (NASDAQ: ISSX)
today announced the two companies have entered into a definitive
agreement for IBM to acquire Internet Security Systems, Inc., a
publicly held company based in Atlanta, Ga., in an all-cash transaction
at a price of approximately $1.3 billion, or $28 per share. The
acquisition is subject to Internet Security Systems, Inc. shareholder
and regulatory approvals and other customary closing conditions. The
transaction is expected to close in the fourth quarter of 2006.

Following completion of the acquisition, IBM intends to:

  • Establish ISS' operations as a business unit within IBM's
    Infrastructure Management Services unit, part of IBM Global Technology
    Services
  • Integrate ISS' software technology with Tivoli's IT
    service management portfolio, which includes software for Identity
    Management, Access Management, Service Oriented Architecture (SOA)
    security and Security Information Management
  • Market and sell ISS' Managed Security Services and
    portfolio of Network, Application, Server and Endpoint Protection
    products through IBM's and ISS' worldwide sales channels and Business
    Partners
  • Further expand the scope and capabilities of IBM's
    business and IT asset management consulting practices, and deliver
    services for ISS-based solutions through IBM Global Services
  • Build upon the companies' existing business relationship, which began in 1999

More information is available in the IBM Press Release.

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No Responses Yet to “IBM Official Press about ISS Acquisition”

  1. Anonymous said

    Previously IBM's security solution concentrates on IAM fields, e.g their identity manager, access manager and etc. The acquisition of ISS let IBM enter threat management fields, so compete agaist Symantec and Cisco and other competitors more effectively, despite according to their offical release, the acquisition will benefit their MSS (managed security service) most.

    Like

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