Feeds

IBM snaps up ISS for $1.3bn

Blockbuster deal has nowt to do with space stations

Intelligent flash storage arrays

IBM is to acquire security tools and services firm Internet Security Systems in an all-cash deal valued at $1.3bn, or $28 per share. The deal is expected to close in the fourth quarter of 2006, subject to approval by regulators and ISS' shareholders.

ISS markets a range of intrusion detection and vulnerability assessment tools and services designed to secure corporate networks. It competes with firms such as Symantec and Counterpane.

IBM said bringing ISS into its fold will boost its IT services business, particularly in the area of managed security services.

Following the completion of the acquisition, ISS will join IBM as a business unit within IBM Global Services' Security organisation. ISS' software technology with be integrated into Tivoli's IT service management portfolio, which already includes software for identity management, access control, and security information management. IBM plans to harness ISS' X-Force security intelligence service to provide its clients with more timely security advice.

According to a statement, ISS has more than 11,000 customers worldwide including 17 of the world's largest banks.

Post-acquisition, IBM intends to sell ISS' managed services, software, and security appliance products through IBM's and ISS' worldwide sales channels and business partners. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.