IBM acquires Sterling Commerce for $1.4bn

26 May 2010

IBM has agreed a deal to acquire software company Sterling Commerce for $1.4 billion.

According to the IT giant, the transaction is expected to help IBM business customers improve how they communicate with clients through cloud computing or on-site IT networks.

IBM will purchase the Sterling Commerce from its parent company AT&T in a cash only deal.

More than one billion business interactions per year are enabled within the financial and communication industries via the technology business, the firm explained.

Craig Hayman, general manager of WebSphere at IBM, said: “This acquisition will give IBM new tools to help clients build dynamic
business networks that connect partners, suppliers and clients and deliver a consistent customer experience across channels.

“In addition, the fact that much of this can be done in the cloud will make it compelling to large numbers of our customers.”

He added: “This acquisition will give IBM new tools to help clients build dynamic business networks that connect partners, suppliers and [clients].”

The business deal is expected to close during the second quarter of 2010 following approval from industry regulators.

By Jim Ottewill

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