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October 20, 1995

CAMBRIDGE TECHNOLOGY TO ACQUIRE AXIOM FOR $19m IN SHARES

By CBR Staff Writer

Ambitious Massachusetts systems integrator Cambridge Technology Partners Inc has acquired Axiom Inc in a deal whereby it will pay up to 342,197 new shares, currently worth about $19m. Axiom, San Francisco, is a management consultancy specialising in business process changes, making it complementary to Cambridge’s rapid application development services.Formed in 1988, Axiom had 1994 revenues of $13.5m and has 100 employees.

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