IBM announced Friday its plans to purchase Net Integration Technologies Inc.
No details were given, but it was said that the deal was expected to close in the first quarter of 2008.
International Business Machines Corporation (abbreviated IBM, nicknamed "Big Blue") is a multinational computer technology and consulting corporation headquartered in Armonk, New York, USA.
The company is one of the few information technology companies with a continuous history dating back to the 19th century. IBM manufactures and sells computer hardware and software, and offers infrastructure services, hosting services, and consulting services in areas ranging from mainframe computers to nanotechnology.
The head of the Russian Finance Ministry, Anton Siluanov, said that the Americans would suffer additional losses if they impose sanctions on Russia's public debt