Computer Business Review

INDUSTRI-MATEMATIK BUYS ABALON FROM ASTEA

The Swedish developer of supply chain management software Industri-Matematik International Corp. has paid $9.5m to acquire Abalon AB, a supplier of customer relationship management software, from Astea International AB. In November the Stockholm-based company reported mid-term net losses of $14.7m on revenues up 20.3% at $46.8m.