Acquisition enhances IBM's industry-focused software offerings
IBM Corp. has agreed to purchase industry-focused software provider Sterling Commerce from AT&T for $1.4 billion in cash, the companies announced today. The deal is expected to close in the second half of 2010.
Sterling Commerce is a software and business-to-business technology company based in Central Ohio. The firm serves customers in the manufacturing and distribution industries, as well as financial services, retail, and communications companies.
IBM said Sterling's products complement its middleware portfolio and will enhance its industry-focused software offerings, adding to its frameworks that support retail, manufacturing, communications, health care, and banking industries.
Sterling Commerce employs about 2,500 people worldwide. An IBM spokesperson said there will be no job cuts tied to the acquisition, according to a report in Business First of Columbus.