Image Business Systems Corp

International Business Machines Corp. said it has agreed to acquire minority equity interests in Image Business Systems Corp., an applications software developer, and I/NET Inc., a contract research and development firm. Under the terms of the agreements, IBM will invest $6 million in IBS, New York, and $4.3 million in I/NET, Kalamazoo, Mich. IBS and I/NET will use the proceeds for general corporate purposes, including image product development based upon IBM products. IBS recently announced that it became an IBM Business Partner--Cooperative Software Program supplier.

International Business Machines Corp. said it has agreed to acquire minority equity interests in Image Business Systems Corp., an applications software developer, and I/NET Inc., a contract research and development firm. Under the terms of the agreements, IBM will invest $6 million in IBS, New York, and $4.3 million in I/NET, Kalamazoo, Mich. IBS and I/NET will use the proceeds for general corporate purposes, including image product development based upon IBM products. IBS recently announced that it became an IBM Business Partner--Cooperative Software Program supplier.