IBM to acquire startup that develops smart home software

The tech giant has been in talks with startup startup Emc for some time, but the move comes after a string of big investments in the home automation market.

IBM announced the $3 billion acquisition of Emc on Thursday, and said it would create the first-ever software development organization to help the company develop smart home products and services.

The move follows a string from the company in the space, which in 2015 was valued at $1.5 billion, according to FactSet.IBM is working with Emc to develop smart thermostats and home security systems.

Emc co-founder Chris Siegel told ABC News the move will make Emc the first company to partner with IBM to develop software for home automation.

“It means that we’re building on a shared experience with IBM, which is a great thing for Emc,” he said.

“This is really the first time that we’ve actually had a relationship where we have been able to put our products together.”

The move to the Emc ecosystem is a direct result of the IBM-led $5 billion investment in the company, which included the purchase of the startup’s parent company, DigitalGlobe.IBMA is the world’s largest maker of software, and has a presence in over 100 countries, including more than 50 in Australia.

Topics:technology,internet-technology,technology-and-communications,business-economics-and

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