Micromuse (MUSE:Nasdaq - commentary - research) rose 8% after the company said it was selected by Japan's NTT Communications to provide a strategic infrastructure backbone that would be used to support NTT's new AGILIT service, a hosting applications service for big companies. Specifically, NTT will use Micromuse's Netcool software to provide operations management, event correlation, data analysis, and data presentation for AGILIT's services. The deal comes just two weeks after Micromuse posted strong fourth-quarter financial results and said it would post first-quarter earnings and sales above expectations. Shares were trading up 41 cents to $5.41.
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