International Business Machines Corp. (NYSE:IBM) officials said Thursday that the computer-services provider has agreed to purchase Emeryville, California-based BigFix, Inc. for around $400 million, in a move to gain security and compliance automation programs.
BigFix software recommends solutions to devices that are not compliant with corporate policy.
IBM chief executive officer Sam Palmisano said the company plans to spend around $20 billion during the next five years on acquisitions.
IBM officials have not disclosed other terms of the deal.
Shares of IBM are trading down 1.12% Thursday afternoon at $122.10.
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