IBM acquired ISS, stepped into the security market

IBM has officially entered the world security market by acquiring Internet Security Systems (ISS) for $ 1.3 billion.

Accordingly, IBM will acquire the entire stock of ISS to become the owner of this security company and contribute to improving IBM's ability to provide security services to business customers.

ISS is a manufacturer and provider of network protection, intrusion protection and monitoring tools.

IBM said it plans to use ISS products to provide more security-related services to corporate customers. Currently IBM has provided customers with a number of security services and software - like the Tivoli software product line.

With the acquisition of ISS, IBM hopes to gain a bigger market share in the global security market worth up to $ 22 billion, Val Rahmani - general manager of infrastructure management services at IBM Global Services - said.

Ms. Rahmani also added that ISS will remain as an independent unit of IBM Global Services but will work more closely with IBM's software and server units.

It is expected that sales will be completed in the fourth quarter of this year, adding a new milestone on IBM's software strategy implementation process. In the past, IBM has continuously acquired a number of other software firms such as Webify Solutions, MRO Software and FileNet. The total amount that IBM spent on these purchases amounted to more than $ 3.6 billion.

Hoang Dung