IBM acquires Internet Security Systems for USD 1.3 Billion

US based tech giant IBM has announced their decision to acquire Internet Security Systems Inc. The deal is worth around USD 1.3 billion and it would help IBM enhance their product line in the rapidly growing business of Internet security.

IBM would be paying close to around $28 a share for Internet Security as they acquires yet another company in order to expand their services portfolio to stay ahead of the competition.

The shares of Internet Security Systems have been rising in the last couple of weeks as the market had been expecting this deal to come through.

Friedman, Billings, Ramsey & Co. analyst Daniel Ives spoke on this deal: “Once IBM takes hold of it, it changes the whole ballgame. They have a whole bigger distribution channel. It is probably one of the most logical acquisitions I’ve seen in security software.”