With slow growth for IBM, Big Blue is buying its way to do more than that.The continuing role of the company's recent acquisition of Wednesday to reach an agreement to spend $ 1.3 billion in cash for the company Internet Security Systems, which provides network monitoring and analysis of the companies.
Deal values ISS at $ 28 per share, a premium of nearly 8 percent on its closing price of $ 26 Tuesday in Nasdaq Stock Market. If approved, the acquisition by the shareholders, the companies expect to close in the fourth quarter.
Has won the Armonk, New York-based International Business Machines Corporation three public companies this month. Approved by IBM and two weeks ago, and an agreement of $ 1.6 billion to company management software provider FileNet document on August 3, to spend $ 740 million for MRO Software Inc., which helps industrial companies track physical assets.
This was part of the offers long-term effort to use acquisitions to fill holes in the software package IBM, easily the most profitable part of the company. International Space Station is a bit different because of its potential impact on the reporting of the Division for the company's services.
ISS helps guard against data theft and other problems with the network of automated monitoring products and with technical consultants.
Should expand the scope of IT services and management software IBM sells to business customers. It should also help to service unit with its goal of improving profit margins by integrating more software and "recurring" other offers, if not IBM consultants to create expensive packages designed specifically for each new customer.
These improvements are a necessary process, because the services unit _ which represents more than half of IBM's $ 90 billion in revenues _ are struggling for growth in the face of increased competition. Decreased revenue and unit 1 percent in each of the last two quarters.
Based in Atlanta, the International Space Station says that 11,000 customers including 17 of the largest banks in the world. The company posted $ 38.5 million to $ 330 million in revenue last year, revenues for this year should exceed $ 350 million.
International Space Station in 1300 employees are required to stay with IBM.
The IBM and the International Space Station trading partners since 1999, but the International Space Station CEO Tom Noonan said more open access on the strength of IBM's sales would increase significantly in the market for the International Space Station.
"We were working well together as partners," said Val Rahmani, general manager of IBM's service management infrastructure. "This way we can go faster." The overlap between the customer lists of companies "not important".
This is the largest deal was the second major merger between a leading provider of enterprise infrastructure and security companies, after EMC Corp. $ 2.1 billion acquisition of RSA Security Experts authentication company, which announced in July.
Of the International Space Station rose $ 1.62, or 6.2 per, to close at $ 27.62 on Nasdaq. The share price was low as $ 17.44 in July, before increasing speculation that IBM might buy the company.
Fell 28 cents IBM to close at $ 78.67 in the New York Stock Exchange.
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