NU Online News Service, Dec. 16, 2:46 p.m. EST
IBM took a step today to reinforce its position in the insurance marketplace with the acquisition of Lombardi, a privately held software company based in Austin, Texas. Financial terms were not released.
Lombardi was described by Armonk, N.Y.-based IBM as a provider of business process management (BPM), which helps companies control and track the workflow within their organizations.
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