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Retek, IBM expand partnership

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Minneapolis√ɬŹRetek Inc. and IBM Corp. are broadening their partnership targeting retail-oriented e-marketplaces. The two companies said they expect to generate revenues of more than $1 billion by 2003 targeting such opportunities. IBM will promote Retek's retail applications as part of its e-marketplace offering; Retek in turn will use IBM Global Services as its leading consulting partner. IBM and Retek are working together on a number of efforts, including the WorldWide Retail Exchange.
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