IBM Buys Canadian Firm

It will acquire Net Integration Technologies.
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IBM

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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.

This article was written by a staff member of TheStreet.com.