The U.S. technology company IBM has reached an agreement with the operator AT&T to acquire its subsidiary Sterling Commerce by 1.400 million dollars in cash (1,131 million euros), according to both companies.
IBM and AT&T expect to complete a transaction in the second half of 2010, waiting to receive permits from the relevant authorities. Thus, AT&T provides extraordinary record a gross capital gain of 750 million dollars (606 million euros) in the quarter in which the transaction was finally closed.
“This acquisition will provide new tools to help IBM customers to build networks of business dynamics that come into contact with partners, suppliers and customers,” said Craig Hayman, chief executive of IBM.
In the present, Sterling Commerce has about 18,000 customers, and performs annually more than 1,000 million transactions in financial services, retail, manufacturing, communications and distribution. Is expected in the second half of 2010 that 2,500 employees will be integrated into Sterling Commerce WebSphere organization within the IBM Software Group. (http://www.sevensidedcube.net)
Tuesday, 25 May 2010
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