Hot off the wire. ISS now joins Scientific Atlanta, Moxie Interactive, and a host of other Atlanta companies that have been gobbled up this year:

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Atlanta — Information technology giant IBM has agreed to acquire Internet Security Systems (ISS), an Atlanta-based provider of information security technology, for $1.3 billion in cash. ISS software, appliances and services are designed to monitor and manage network vulnerabilities and exploits and respond in advance of potential threats. ISS has more than 11,000 customers worldwide including 17 of the world’s largest banks, 15 of the largest governments, 11 of the top public insurance companies and 13 of the world’s top IT organizations. IBM’s said that the acquisition bolsters its position in the growing market for managed security services.

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Cheers.