IBM to buy AT&T’s Sterling Commerce business software unit for $1.4B
By APMonday, May 24, 2010
IBM to buy AT&T’s Sterling unit for $1.4B
NEW YORK — IBM says it is buying AT&T’s Sterling Commerce unit, which makes business software, for $1.4 billion.
The deal announced Monday would be IBM Corp.’s largest acquisition since it bought Cognos in 2008.
AT&T Inc., then known as SBC Communications, paid $3.9 billion for Sterling in 2000, near the peak of the Internet bubble. The unit, which is based in Dublin, Ohio, has little connection to AT&T’s main telecommunications business.
IBM is based in Armonk, N.Y, while AT&T is based in Dallas.
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May 24, 2010: 8:52 pm
Sterling Commerce unit, makes software that helps businesses buy.IBM said the deal complements its portfolio of business process integration and transaction software portfolio, which grew more than 20 percent in the first quarter of 2010.Net-Ebooks |
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