Amazon acquires Italy-based software firm

Reuters News
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Posted: Feb 12, 2016 4:26 AM

(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)