IBM to buy Internet Security

Wednesday, 23 August 2006, 3:47 PM EST

IBM has agreed to buy Internet Security Systems Inc. for $1.3 billion, continuing an acquisition drive to fuel growth.

International Business Machines Corp. said it will pay $28 a share for the company, which helps corporate customers protect against Internet threats across networks, desktop computers and servers. Internet Security Systems shares closed at $26 on Tuesday.

At CNN.

[ Read more ]




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