Technology Amazon acquires Italy-based software firm

Amazon acquires Italy-based software firm

Amazon Web ServicesAmazon Web Services, the cloud computing arm of Amazon.com Inc (AMZN.O), 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.

No financial terms were disclosed.

Italy-based NICE has customers in industries ranging from aerospace to industrial, energy and utilities.