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IBM to pay $1 billion cash for Informix unit

Published on .

Armonk, N.Y.--IBM Corp. said Tuesday it will pay $1 billion in cash to buy Informix Corp.'s database software business, bolstering IBM in its battle with rival software maker Oracle Corp. Informix gives IBM one of the leading database systems used in warehousing, business intelligence and transaction-handling systems. IBM said that once it completes the deal it will integrate Informix software into the IBM database system and combine Informix's sales team with IBM's sales force.
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