IBM Corp. has stated that it would spend $1.3 billion in cash to acquire Internet Security Systems Inc. ISS conducts network monitoring and analysis services for companies and also helps guard against data theft and other problems with automated monitoring products. Their technical consultants would be now part of IBM’s vast service team.
It’s been said that buying ISS would enhance Big Blue’s ability to manage security services for its business customers. This deal would value ISS at $28 a share.
ISS, which is based in Atlanta, revealed that its 11,000 customers include 17 of the world’s largest bank. It earned $38.5 million on $330 million in revenue last year while this year it’s expected to surpass $350 million.
Read
IBM On Its Way To Buy ISS For $1.3 Billions
Add Your Comment
Instablogs Club
Archives
2009
2008
2007
2006
2005
Fresh Comments
on Left vs Right Brain: Test for... clockwise then going counter but basically it always move clockwise.
on Watches with the steampunk... bomb!!
on Tattoos driven by technology hmmmm
on Thought-powered prosthetic... That’s incredible! Wow - he must be feeling on top of the world right now.
on Left vs Right Brain: Test for... I can see it both ways at will. It depends on how I concentrate. I do have to not foucs...
To Advertise please Contact Us.
Do it Yourself
Top of Technology ( 7 days )
2 hrs ago
6 hrs ago
