Briefs

By Barney Beal, News Editor, 14 Mar 2005 | SearchCRM.com

IBM today announced an agreement to acquire Westboro, Mass.-based Ascential Software Corp. in a cash transaction for approximately $1.1 billion, or $18.50 per share. The buyout is about 18% above the $15.70 Ascential's stock price closed at on Friday.

Ascential provides data integration software that helps build enterprise data warehouses, power business intelligence systems, consolidate enterprise business applications and manage repositories of business information.

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