Wednesday, October 26, 2005

L(3) sells off outsourcing subsidiary (i)Structure

Michael Cooney writes in NetworkWorld:

After reporting disappointing third-quarter earnings last week, network operator Level 3 Communications Wednesday sold off its outsourcing subsidiary for $81.5 million to Infocrossing, a technology and business process outsourcing provider.

The proposed deal for Level 3's (i)Structure business is an effort by the company to shed itself of what it termed non-core businesses. Once the sale is final -- expected in the fourth quarter of 2005 -- (i)Structure's 300 employees will become employees of Infocrossing, which currently has almost 550 workers. (i)Structure has IT operations in Omaha, Neb., and Tempe, Ariz.


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