Seeking Alpha

IBM scores $1B cloud services deal; Trusteer price reportedly $800M-$1B

  • The Department of the Interior has awarded IBM (IBM -0.6%) a 10-year, $1B contract to provide a slew of cloud infrastructure services.
  • IBM's SmartCloud government and enterprise offerings are part of the package, as are SAP app hosting and cloud services tied to IBM's AIX (UNIX) OS.
  • The contract is IBM's biggest government cloud win to date, and comes as Big Blue continues to protest a $600M contract granted to Amazon Web Services by the CIA. IBM significantly grew its cloud infrastructure/Web hosting reach in June by acquiring private SoftLayer for a reported ~$2B.
  • Meanwhile, Israel's Ynet reports IBM paid $800M-$1B to acquire threat-protection software vendor Trusteer. IBM notes 7 of the top-10 U.S. banks, and 9 of the top-10 U.K. banks, use Trusteer to protect against "financial fraud and cyber attacks."
  • Like many security software upstarts, Trusteer relies on a cloud-based architecture to monitor Web activity and protect client hardware (inc. mobile devices). As Cisco's purchase of Sourcefire and FireEye's IPO filing indicate, enterprise interest in cybersecurity is picking up.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs