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Amazon acquires Italy-based software firm

Reuters

(Reuters) - Amazon Web Services, the cloud computing arm of Amazon.com Inc (AMZN.O), said it has acquired NICE, a software developer for technical computing.

The company said it has signed an agreement with NICE, which is also a cloud computing firm, and expects the deal to close in the first quarter of 2016. (http://amzn.to/1QZt7NP)

No financial terms were disclosed.

Italy-based NICE has customers in industries ranging from aerospace to industrial, energy and utilities.

(Reporting by Shivam Srivastava in Bengaluru; Editing by Sunil Nair)