IBM (NYSE: IBM) reportedly has made a buyout offer for , a developer and manufacturer of network security systems.

Bloomberg news reported the story, citing unnamed sources.

The news came as IBM closed on its acquisition of Blade Network Technologies on Friday. Terms of that deal, which was disclosed in September, were not disclosed/

Fortinet (Nasdaq: FTNT) is based in California.

IBM, which employs 10,000 people in the Triangle area, has been on an acquisition binge with a number of recent deals. Big Blue also earlier this week announced plans to buy back $10 billion of its own stock.

Read the Bloomberg report

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