RABBIT SOFTWARE <RABT> TO MERGE WITH CTI DATA Rabbit Software Corp said it agreed in principle to merge with <CTI Data Inc>, a privately owned communications company. According to terms, CTI holders and employees will receive 200,000 shares of Rabbit stock and royalties on sales of CTI Products. CTI will become a wholly owned subsidiary of Rabbit. The deal is subject to completion of a definitive merger agreement, receipt of third party approvals and other conditions, the company said.