U.S. Google buys Swedish IT company

STOCKHOLM, April 20 (Xinhua) -- American giant Google has bought Swedish IT company Marratech for over 100 million kronor ( about 14.5 million U.S. dollars), local media reported on Friday.

The deal also means that Google will assume responsibility for Marratech's employees, Swedish news agency TT reported.

"It's a wonderful opportunity for us. We couldn't have dreamed of getting a better partner," Peter Parnes, one of the founders of Marratech, told TT.

Marratech, founded in 1998, makes software for electronic conferences.

Source: Xinhua