Amazon Just Acquired This Italian Firm

February 12, 2016, 8:03 AM ET

Inside The UPS Worldport Facility Ahead Of Earnings Figures

A package shipped from Amazon.com moves down a conveyor belt during the afternoon sort at the United Parcel Service Inc. (UPS) Worldport facility in Louisville, Kentucky, U.S., on Tuesday, April 21, 2015. United Parcel Service Inc. is scheduled to release quarterly earnings results on April 28. Photographer: Luke Sharrett/Bloomberg via Getty ImagesPhotograph by Luke Sharett — Bloomberg via Getty Images

Add Fortune on Google for similar content.

Amazon Web Services, the cloud computing arm of Amazon.com Inc, 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.

Per Amazon in a statement:

From their headquarters in Asti, Italy, NICE delivers products and solutions to customers all over the world. These products help customers to optimize and centralize their high performance computing (HPC) and visualization workloads while also providing tools that are a great fit for distributed workforces making use of mobile devices.

No financial terms were disclosed.

Italy-based NICE has customers in industries ranging from aerospace to industrial, energy and utilities.

About the Author

By Reuters

See full bio

Add Fortune on Google for similar content.

Latest in Tech

Finance