Download This Special Report

Thursday, August 24, 2006

IBM targets security with $1.3bn ISS takeover

Rumors have been around for almost a year now that Internet Security Systems, Inc. (ISS) would be part of a takeover by a larger company. Partner IBM has always been part of those rumors, and now they are truly positioned to takeover.

IBM has made a $1.3 billion cash takeover bid for the company. ISS has over 1,000 employees and over $10,000 clients around the world. The company has been hoping to build up their services department to deal with declining margins in some areas.

Val Rahmani, general manager of infrastructure services at IBM, “identified $22bn of potential managed services business for the merged organization within companies who currently handle their IT security requirements in-house.” Rahmani added, "IBM absolutely believes that the market is clearly heading towards security being delivered as a service."

To learn more, read the entire article (link above).

Added by Computer Consulting 101 Professional Kit