IBM completed its acquisition of Sterling Commerce from AT&T for approximately $1.4 billion in cash. AT&T, which acquired Sterling Commerce in 2000, expects to record a one-time pretax gain of approximately $800 million in the third quarter of 2010.
Sterling Commerce provides software for cross-channel commerce and integration of customer, partner and supplier networks across a wide range of industries.
"In combination with IBM's existing offerings, Sterling Commerce, Coremetrics and Unica are expanding IBM's ability to help companies automate, manage and accelerate core business processes across marketing, selling, order management and fulfillment," said Craig Hayman, general manager, IBM Industry Solutions.
AT&T said the divestiture is consistent with its focus on developing and providing a full portfolio of networking-based solutions and services, including network- and cloud-based data storage and managed hosting, application and computing services, to its business customers.
AT&T also stated that it remains committed to its strategic alliance with IBM, its largest customer, to provide a unified set of telecommunications and computing services to multinational corporations across the globe.
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- The deal was first announced in May 2010.
