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Raft acquired by Financial Objects
UK-based banking system vendor Financial Objects is moving into risk management software with the acquisition of Raft International, according to vendor officials. Under the financial terms of the deal, Raft is valued at £4 million ($7.1 million). The deal has been in the works since Raft put itself up for sale in September 2005, according to both vendors. The integration of the technologies from both companies is expected to go smoothly, according to Financial
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