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WellPoint Systems, a Calgary, Alberta-based value added reseller and software provider for the energy industry, said Monday afternoon that it has acquired Denver, Colorado-based Bolo Systems. Bolo Systems provides accounting, finance, and other software for the oil and gas industry. According to WellPoint, the firm will pay $24M US in stock for the firm. The acquisition is expected to close on or before December 30, 2006. Bolo Systems also maintains in Houston, Texas.
posted on Monday, November 27, 2006

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