Purchased for $3.9 billion at the height of the tech boom in 2000, AT&T just sold off Sterling Commerce to IBM for $1.4 billion in pocket change.
"Sterling Commerce offerings strongly complement IBM's middleware portfolio. By acquiring Sterling Commerce technology and its large trading partner network, IBM anticipates it will be able to deliver powerful new cross-channel solutions to its clients. In addition, Sterling Commerce technology will complement IBM's industry-focused software offerings, enabling the addition of capabilities to IBM's frameworks supporting the retail, manufacturing, communications, health care and banking industries."
IBM Agrees to Acquire Sterling Commerce from AT&T for $1.4 Billion