Amazon just acquired an Italy-based software developer

HO/Mike Brown/Space Florida

(Reuters) - Amazon Web Services, the cloud computing arm of Amazon.com Inc, said it has acquired NICE, a software developer for technical computing.

The company said it has signed an agreement with NICE, which is also a cloud computing firm, and expects the deal to close in the first quarter of 2016.

No financial terms were disclosed.

Italy-based NICE has customers in industries ranging from aerospace to industrial, energy and utilities.

(Reporting by Shivam Srivastava in Bengaluru; Editing by Sunil Nair)