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Technology / AI and automation

CULLINET TO PAY $19m FOR DISTRIBUTION MANAGEMENT

Cullinet Software Inc of Westwood, Massachusetts is back on the acquisition trail with agreement to buy Distribution Management Systems Inc of Lexington, Massachusetts. The company, which will become a wholly-owned Cullinet subsidiary, develops distribution management software, and is a pioneer of integrating artificial intelligence techniques into business applications. Cullinet will pay 1,695,430 shares, valuing the target firm at $19.3m.

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