View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 9, 1997updated 05 Sep 2016 12:00pm


By CBR Staff Writer

IBM Corp, moving to strengthen its future in network computing, says it will buy the remaining 30% of the Advantis data network services business from partner Sears, Roebuck & Co for $450m. IBM currently owns 70% of the business that the two companies formed in 1992 to provide network, data processing and value-added telecommunications services to US-based customers. IBM says that the purchase reflects the company’s belief that network computing will become increasingly significant to its revenues. The sale will allow Sears to focus more on its core retailing business.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.