IBM on acquisition trail with US$1.3 billion Internet Security purchase

Stan Beer
Wednesday, 23 August 2006 20:34

IT Industry - Strategy

IT giant IBM is back on the acquisition trail announcing the acquisition of internet threats specialist Internet Security for US$1.3 billion.

The Internet Security acquisition announcement brings the total acquisitions announced by cash rich IBM in August to US$3.64 billion.

Aside from the Internet Security buyout, IBM announced an even bigger US$1.6 billion acquisition of enterprise content management solutions provider Filenet Corp.

Prior to that, IBM announced a US$740 million acquisition of asset management software provider MRO Software.

A problem for IBM is that the hardware juggernaut needs to drive growth from faster growing sectors than the mature hardware market. Thus, the acquisition drive. Expect more in the near future.