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IBM Buys WebDialogs

IBM (NYSE: IBM) has acquired WebDialogs Inc., a Billerica, Mass.-based provider of Web conferencing and communications services. No financial terms were disclosed. WebDialogs has raised around $17.5 million in total VC funding since 1998, from firms like Sofinnova Partners, Cross Atlantic Ventures, Velocity Equity Partners and Draper Richards. www.ibm.com www.webdialogs.com