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Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Amazon acquires Italy-based software firm

Reuters
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar (Reuters)

(Reuters) - 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. (http://amzn.to/1QZt7NP) No financial terms were disclosed. Italy-based NICE has customers in industries ranging from aerospace to industrial, energy and utilities. (Reporting by Shivam Srivastava in Bengaluru; Editing by Sunil Nair)