IBM to Buy ISS for $1.3 Billion

IBM to Buy ISS for $1.3 Billion

IBM made a resounding move into security on Wednesday, acquiring Internet Security Systems for $1.3 billion.

The all-cash transaction of about $28 per share is meant to bolster IBM's ability to deliver security services to corporations, the company said.

ISS builds network protection products and services, including intrusion detection and monitoring tools.

IBM said it intends to use ISS's expertise and software to provide more robust security-related services to its corporate customers.

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For some reason, IBM's stock was down a few cents today on this news. I see this as a huge opportunity for IBM to own a major share of the security services market.
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