Mergers and Acquistions News
Categories: Hardware, Software
May 25th 2010, 16:34PM
Computing giant IBM has made a move back into the business-to-business sector with the acquisition of software firm Sterling from US telecoms company AT&T.
The takeover, which is worth nearly £1 billion, will give IBM access to over 18,000 business clients.
Sterling specialises in offering businesses a simple way of communicating with customers and partners and IBM believes this will complement its own portfolio.
Craig Hayman, general manager of IBM's WebSphere, claims that the acquisition will give the company the tools to build "dynamic business networks" for its clients.
He said: "Businesses today are operating in a highly competitive global environment in which lines between actions taking place within and outside an organization's four walls are blurring."
IBM's acquisition would be good news for Sterling's partners and clients, according its chief executive officer Bob Irwin.
The news comes after IBM acquired SPSS, another business software firm, for over £800 million last year.
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