Lawson Software announced the acquisition of Closedloop Solutions Inc., a privately held provider of collaborative applications to help businesses with financial budgeting, planning and forecasting. The acquisition significantly strengthens Lawson's enterprise performance management offerings and continues the company's strategy of enriching its enterprise applications with targeted technology and intellectual property purchases.

The acquisition is subject to Closedloop Solutions shareholder approval and is expected to be finalized within ten days. Terms of the deal were not disclosed. Lawson expects to retain most Closedloop employees at its headquarters in Redwood City, California.

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