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Short Take: Remedy to buy Ostream assets

Remedy said it has agreed to buy certain assets of Ostream Software. Under the deal, Remedy, which makes software to help companies manage their businesses online, will acquire Ostream's development team and the company's Migrator product, which currently works with Remedy Software. Ostream has been a Remedy partner for more than three years. Joint customers include Amazon.com, Weyerhaeuser and REI. No dilution to earnings per share this year is expected as a result of the deal.

Kim Girard
Kim Girard has written about business and technology for more than a decade, as an editor at CNET News.com, senior writer at Business 2.0 magazine and online writer at Red Herring. As a freelancer, she's written for publications including Fast Company, CIO and Berkeley's Haas School of Business. She also assisted Business Week's Peter Burrows with his 2003 book Backfire, which covered the travails of controversial Hewlett-Packard CEO Carly Fiorina. An avid cook, she's blogged about the joy of cheap wine and thinks about food most days in ways some find obsessive.
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Kim Girard
Remedy said it has agreed to buy certain assets of Ostream Software. Under the deal, Remedy, which makes software to help companies manage their businesses online, will acquire Ostream's development team and the company's Migrator product, which currently works with Remedy Software. Ostream has been a Remedy partner for more than three years. Joint customers include Amazon.com, Weyerhaeuser and REI. No dilution to earnings per share this year is expected as a result of the deal.