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IBM to buy National Interest Security

Wed, 01/20/2010 - 9:01am
The Associated Press

International Business Machines Corp. said Wednesday it will acquire National Interest Security Co. LLC, a privately held information technology company, for undisclosed terms.

IBM says the deal will bolster its IT services offerings in sectors such as defense, health care, energy, logistics and security. Fairfax, Va.-based National Interest Security will add to IBM's Business Analytics and Optimization unit, which helps government agencies mine data to make better decisions.

The announcement came a day after IBM reported growth of 9 percent in its fourth-quarter profit.

IBM shares slid $5.03, or 3.8 percent, to $129.11 in midday trading.

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