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IBM announced last week its intent to acquire Equitant to beef up the financial business process outsourcing capabilities of its Business Consulting Services division. Equitant, which manages more than $44 billion in revenues for its customers, provides software that manages the order-to-cash cycle for big companies.
The cycle includes the financial processes that contribute to a company processing an order for goods or services. The financial details of the transaction were undisclosed. IBM will retain Equitants several hundred employees. The deal, subject to review, is expected to close next month.
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