Research Engineers Now Owns Netguru

Research Engineers Inc., which earlier acquired 70% of Netguru Systems Inc. in Waltham, Mass., said Thursday it has purchased the rest of the company. Research, a Yorba Linda provider of engineering software services, said it paid $4.5 million in cash, stock and a promissory note for the entire company.

Netguru provides information technology services for the financial services, insurance and technology industries.