IBM announced Friday its plans to purchase Net Integration Technologies Inc.
No details were given, but it was said that the deal was expected to close in the first quarter of 2008.
International Business Machines Corporation (abbreviated IBM, nicknamed "Big Blue") is a multinational computer technology and consulting corporation headquartered in Armonk, New York, USA.
The company is one of the few information technology companies with a continuous history dating back to the 19th century. IBM manufactures and sells computer hardware and software, and offers infrastructure services, hosting services, and consulting services in areas ranging from mainframe computers to nanotechnology.
US President Joe Biden and Iraqi Prime Minister Mustafa Al Qadimi signed an agreement on July 26 to formally end the USA's military presence in the country by the end of the year