IBM Buying Internet Security Systems
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IBM agreed to buy Internet Security Systems for $28 a share, or $1.3 billion, in cash. The deal offers holders of Atlanta-based Internet Security an 8% premium to Tuesday’s closing prices.
BM said the acquisition advances its strategy to utilize IT services, software and consulting expertise to automate labor-based processes into standardized, software-based services that help clients optimize and transform their businesses. This acquisition also reinforces IBM’s position in the rapidly growing area of Managed Security Services.
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