Pumatech Rises on Intuit Pact

The shares tack on 12% after it announces the agreement for its data sync technology.
By TSC Staff ,

Pumatech

(PUMA)

was sharply higher after it said

Intuit

(INTU) - Get Report

licensed its data synchronization technology.

Pumatech's shares were recently up 12% to $3.08.

Intuit will use Pumatech's technology to synchronize address book data between Quicken Premier Home and Business and various groupware and personal information management applications.

Financial terms weren't disclosed.

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