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Technology / AI and automation

PLATINUM SOFTWARE ACQUIRES FOCUSSOFT

Platinum Software Corp is buying privately-held FocusSoft Inc, a supplier of manufacturing and distribution software. The acquisition of the Louisville, Kentucky company is expected to be completed in seven days, following the issuance of 2.7 million shares of Platinum common stock for all outstanding shares and options of FocusSoft. Based on Tuesday’s closing price, the deal values FocusSoft at $27m.

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