Financial and nonprofit software publisher Serenic Corp., has entered into an agreement with Microsoft Corp. in which Serenic would be the Industry Solutions Vendor for payroll software and related services for customers who use Microsoft Dynamics NAV in North America.Terms for the pact, which became effective July 1, were not disclosed.

This latest pact, replaces and expands the original June 2001 agreements for the U.S. and Canada between Serenic's subsidiary Vision Pay Inc. and the Navision U.S. and Canadian companies. Microsoft assumed the pact when it acquired Navision in 2003.

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