IBM to buy Curam Software, terms not given

IBM to buy social Curam Software for undisclosed sum to boost its 'smarter cities' initiative

Associated Press

ARMONK, N.Y. (AP) -- IBM said Monday that it has agreed to buy Curam Software Ltd., whose software is used by government agencies to manage social programs.

Financial terms were not disclosed. IBM said it is buying Curam, whose name means "care and protection" in Irish, to help its government clients make their social programs more easily accessible and efficient.

Curam's software is used by health and human services, workforce services, and social security organizations around the world, IBM said.

The deal is expected to close in December. IBM said the acquisition would expand its "smarter cities" program, which serves government clients.

Shares of International Business Machines Corp. rose $1.37 to $191.03 in late afternoon trading.

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