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Tech Industry

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.

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.