Parametric to buy Servigistics for about $220 mln

Wed Aug 8, 2012 6:13am EDT

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Aug 8 (Reuters) - Parametric Technology Corp said it would buy privately held Servigistics Inc for about $220 million in cash to enhance its service lifecycle management (SLM) software solutions business.

The product-design software maker expects the deal to be completed in September 2012.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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