IBM (Quote, Chart) agreed to acquire Ascential Software
for $1.1 billion in cash in a bid to extend its lofty position
in the market for data integration software.
Businesses all over the world use data integration software to merge
existing applications, or craft business intelligence systems and data
warehouses. Enterprises can streamline operations with the software
Ascential sells, which helped make the Westboro, Mass., company attractive to IBM.
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