GROUP Business Software AG Acquires IT Factory Assets

by Volker Weber

GROUP Business Software AG, the world’s largest provider of business solutions built on IBM Lotus software, announced today that it has executed a contract to acquire all of the intellectual property rights and related tangible assets of Denmark-based IT Factory A/S in bankruptcy. The key element of the acquisition is the platform-as-a-service (PaaS) technology for cloud-based computing.

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