TALLINN -- Webmedia, Estonia's most successful software developer, has bought out Finnish competitor CCC for an undisclosed sum.
CCC employs around 170 people and had a turnover last year of 22 million euros. Reports indicate that the deal was mainly made so that the Estonian company would aquire CCC's client list.
Webmedia representatives said at a press conference that they expect the company to increase its turnover to around 40 million eurios this year thanks to the merger.
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