Amazon Just Acquired This Italian Firm

February 12, 2016, 8:03 AM ET

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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.

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