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IBM to Acquire Internet Security Systems
ARMONK, NY and ATLANTA, GA -- IBM and Internet Security Systems have entered into a definitive agreement for IBM to acquire Internet Security Systems, 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 shareholder and regulatory approvals and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2006.
Internet Security Systems (ISS) provides security solutions to thousands of the world's top companies and governments, helping to proactively protect against internet threats across networks, desktops and servers. ISS software, appliances and services monitor and manage network vulnerabilities and exploits and rapidly respond in advance of potential threats. This acquisition advances IBM's 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. With concerns ranging from data theft to implementing and managing increasingly complex regulatory requirements, addressing IT security has become one of the most complex challenges companies are facing, regardless of size, location or industry.
ISS augments IBM’s ability to address this growing industry challenge by combining ISS’ complementary automated security platform, services, software and expert consultants with IBM’s broad security portfolio, innovative research and global reach.
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