MaSSSoftech

ARMONK, N.Y. --

Technology company IBM Corp. on Thursday said it reached a long-term agreement to provide application management services to specialty chemicals company W.R. Grace & Co.

Financial terms were not disclosed.

Under the agreement, IBM Global Business Services will create a technology platform that will allow Grace to update and standardize application delivery across its enterprise and adjust its resources to meet new demands.

IBM also will provide Grace with an onsite information technology presence that will work with Grace's information technology professionals and give it access to IBM's network of global delivery centers.