Lakewood, Colo. (June 7, 2004) -- Serenic Software, which makes not-for-profit accounting software for the Navision line, has been acquired by Vision HRM, a Canadian company, in a deal that is more of a merger than a purchase.

Vision HRM, based in Edmonton, Alberta, paid just over $1 million (C$1.4 million) for Serenic, which markets the Serenic Navigator line. Vision HRM, which is traded on the Toronto stock exchange, is paying 4 million in shares.

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