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Monday, August 16, 2010

IBM to buy software co Unica for $480 mn

NEW YORK, USA: IBM said on Friday it will buy marketing software firm Unica Corp for about $480 million in cash to expand its business software and technology services, sending Unica shares up 117 per cent.

IBM, which recently said it would buy more companies to move further into software and services, will pay around $21 per Unica share, a premium of about 120 per cent from Thursday’s close.

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