Intel to acquire e-commerce specialist iCat

Intel to acquire e-commerce specialist iCat

Intel announced this week that it is to acquire the assets of electronic commerce software and services company iCat.

The purchase will be made through a subsidiary of Intel, the chip giant said in a statement yesterday, and is expected to be finalised by the end of this year. Financial details of the acquisition were not disclosed.

Privately-held iCat was founded in 1993 and its software assists in the building of Web-based "storefronts" for electronic commerce.

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