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Corry Hong: UNICOM Buys IBM Public Sector App Development Tools

acquisitionUNICOM Global has acquired a portfolio of IBM (NYSE: IBM) products that are designed to help developers create  multi-platform business applications.

Financial terms of the deal were not disclosed and the transaction covers IBM’s Cognos Axiant and PowerHouse app development tools used in the healthcare, educational and government sectors, UNICOM Global said Tuesday.

Corry Hong, president and founder of UNICOM Global, said application development tools are increasingly playing a role in developing enterprise technology.

IBM will provide global transition services to PowerHouse users as part of the agreement, according to UNICOM.

PowerHouse is comprised of a fourth-generation programming language screen generator, designer, report writer and data dictionary and is built to integrate with Windows and web-based interfaces.

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