Amazon acquires Italy-based software firm

Reuters

Published Feb 12, 2016 04:29AM ET

Updated Feb 12, 2016 05:00AM ET

Amazon acquires Italy-based software firm

(Reuters) - Amazon Web Services, the cloud computing arm of Amazon.com Inc (O:AMZN), 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.