IBM Buys Canadian Firm

Software

TSC Staff

01/18/08 - 09:08 AM EST

IBM (IBM ) reached a deal to acquire Net Integration Technologies, a privately held company based in Toronto that offers business server software for small and medium businesses.

Financial details were not disclosed. Net Integration's server software includes email, file management, directory services, back-up and recovery, office productivity tools and other business software.

The transaction should close in the first quarter.

Visit TheStreet for more great features

TheStreet Premium Services

From the action-oriented investing ideas of Action Alerts PLUS by Jim Cramer to the expert technical trading strategies of Helene Meisler's Top Stocks, TheStreet.com offers a range of premium services to help boost your portfolio's performance. View now.

Expert Advisors Alerts Delivered to your Inbox

Action Alerts PLUS: Cramer's personal portfolio, emails before he acts.

RealMoney: 70+ experts share their top investing ideas and analysis.

Stocks Under $10: Alerts identify undervalued stocks with profit potential.

FREE NEWSLETTERS

Get an edge on the market with the help of free email newsletters like Jim Cramer's Daily Booyah!. Learn about the day's major market events, companies that sizzled or fizzled and lots more that can help you make more profitable investing decisions. Sign up.