NEW YORK - IQ Financial Systems Inc., which sells commercial lending and risk management software to banks, said it has bought the commercial lending division of Logica Inc.Terms were not disclosed.

Logica, a London-based software and systems integration company, serves the telecommunications, finance, energy, and utilities industries in 23 countries. It also sells money transfer software systems to banks. Its processing system is used by 60 small- and midsize international financial institutions.

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