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    IBM buys Green Hat, no terms given

    ARMONK, N.Y. (AP) — IBM said Wednesday that it has closed its acquisition of London-based Green Hat, a software testing company, in the latest "cloud computing" deal for the business technology industry.

    Financial terms were not disclosed.

    Privately held Green Hat helps companies test their software using cloud computing technologies. Cloud computing is the practice of storing software and applications on remote servers rather and delivering them over an Internet connection.

    IBM and several other big tech companies have been snapping up cloud computing companies recently. The Armonk, N.Y., company said last month that it would buy DemandTec Inc., whose cloud-based software helps companies manage product pricing, for $440 million. Business software maker SAP AG also said in December that it will pay $3.4 billion for SuccessFactors, which makes cloud-based human resources applications.

    Shares of International Business Machines Corp. rose 48 cents to $181.79 in morning trading.

     

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