Smart Online is acquiring iMart, a Michigan-based data firm, in its second acquistion of 2005.

The deal is worth some $3.4 million.

Smart Online (OTCBB: SOLN), a provider of software-as-services for small- to medium-sized businesses, paid cash and stock in the deal.

iMart is a provider of multi-channel e-commerce systems.

Smart Online: www.smartonline.com