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IBM will spend about $1.4 billion in cash acquiring AT&T subsidiary Sterling Commerce, which specializes in business-to-business (B2B) commerce solutions and data integration software, the two companies announced today.
"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," said Craig Hayman, general manager, WebSphere, IBM. "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."
IBM said it plans to integrate about 2,500 Sterling Commerce employees into the WebSphere organization within IBM's Software Group. The transaction is expected to close in the second half of 2010, subject to regulatory approvals and other customary closing conditions.
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