IBM To Buy Watchfire

IBM (NYSE: IBM) has agreed to acquire Watchfire Corp., a Waltham, Mass.-based provider of security and compliance testing software. No financial terms were disclosed. Watchfire has raised over $40 million in VC funding since 1999, from firms like Kodiak Venture Partners, Polaris Venture Partners, Ventures West, Goldman Sachs, Dain Rauscher and BancBoston Ventures.