Internet application development tools supplier, Asymetrix Corp is believed to have signed a letter of intent to purchase Aimtech, which sells multimedia authoring software.
The deal, which is expected to be announced next Tuesday, is expected to strengthen Asymetrix?s position in the online training and learning markets.
Asymetrix is understood to generate approximately $30 million per year, but the Aimtech acquisition will see this rise to between $40-50 million. The move will also help Asymetrix towards its stated aim of going public next year.
Aimtech?s headquarters in Nashua, New Hampshire will remain as a sales, support and services organisation and will be run by Bob Birenbaum, current vice president of sales and marketing.
Redundancies are expected as a result of the move.
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