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BtoB

IBM closes acquisition of Coremetrics

Published on .

Armonk, N.Y.—IBM Corp. on Monday announced the closing of its acquisition of Coremetrics, a Web analytics software company based in San Mateo, Calif. Financial terms were not disclosed.

Under the acquisition, IBM will add Coremetrics’ analytics services to those currently offered by IBM Software Group and IBM Business Analytics and Optimization Consulting organization. Coremetrics’ team of approximately 230 employees will be integrated into the IBM Software Group.

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