The Internet Security Suites Blog

Monday, August 28, 2006

IBM to Acquire Internet Security Systems

IBM announced last week that it is acquiring Internet Security Systems, one of the world' leading providers of IT security services and systems to governments and major corporates, for $1.3 billion, or $28 per share.

In its announcement, IBM officials told that ISS, which specializes in intrusion detection and other system-scanning technology, will add to the company's remote monitoring and security mangement portfolio.

"ISS is a strategic and valuable addition to IBM's portfolio of technology and services," Val Rahmani, general manager of infrastructure management services at IBM Global Services, said in a statement.

"This acquisition will help IBM to provide companies with access to trained experts and leading-edge processes and technology to evaluate and protect against threats and enforce security policies," Rahmani added.

ISS has more than 11,000 customers worldwide including 17 of the world's largest banks, 15 of the largest governments, 11 of the top public insurance companies and 13 of the world's top IT organisations.

In announcing the $1.3 billion deal Wednesday, the companies said they expected the deal to close in the fourth quarter, but didn't provide additional details about the expected closing date.

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