IBM completes ISS buy

IBM has completed its $1.3 billion purchase of Internet Security Systems.

IBM has closed its US$1.3 billion acquisition of security vendor Internet Security Systems.

The acquisition, which closed Friday, is the fifth-largest in IBM's history.

By purchasing Atlanta-based ISS, IBM gains a strong position in the US$22 billion managed security services market, which IBM sees as strategic to its future growth.

ISS will retain its Atlanta offices and will be run as a business unit within IBM's Global Services group. The ISS business unit will be led by Thomas Noonan, formerly the CEO of ISS. No layoffs are planned as a result of the deal.

IBM plans to maintain the ISS Proventia and Managed and Professional Security Services offerings and to eventually integrate them with other products in its portfolio.

The security industry is undergoing a round of consolidation as early leaders are being snapped up by larger companies. In June, EMC announced plans to purchase RSA Security, a deal estimated at about US$2.1 billion.

Join the newsletter!

Error: Please check your email address.

More about BillionEMC CorporationIBM AustraliaInternet Security SystemsISS GroupRSARSA, The Security Division of EMCSecurity Systems

Show Comments

Market Place