for 1.3 bil cash, Actuate has worked with Internet Security Systems for a long time.http://www.forbes.com/markets/feeds/afx/2006/08/23/afx2967536.html
IBM is currently in negotiation with BICO Inc (ticker: BICN). BICO recently merged with MobiClear...they prevent fraud (debit/ credit card transactions) online. Good news for BICO and IBM. Look into BICO and tell me what you think about it.
Very little premium paid for the company
be nice if IBM would buy out Actuate at that price